Jaime Ramirez, Alexandra Johnson, Dan Bartfeld, Brett Nadritch, Jonathan Karl, Andrew Walker, Zachary Cronin, Andrew Brooks, Lauren Pasqua, Julianne Guzman
January 24, 2026
Milbankâs Digital Infrastructure Team Advises Applied Digital on Financing to Accelerate High-Performance Computing Data Center

1 min
AI-made summary
- Milbank LLP represented Applied Digital Corporation in securing a private financing agreement with CIM Group for up to $200 million
- The funds will be used to support the development of Applied Digital's High-Performance Computing campus in Ellendale, North Dakota
- The Milbank legal team was led by several partners and associates
- The announcement highlights the firm's involvement in the transaction and provides contact information for further inquiries about Milbank's digital infrastructure practice.
Milbank LLP represented Applied Digital Corporation (Nasdaq: APLD), a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing (âHPCâ) applications, in its recently announced private financing from CIM Group of up to $200 million to help build out its HPC campus in Ellendale, North Dakota. The Milbank team was led by partners Jaime Ramirez, Alexandra Johnson, Dan Bartfeld, Brett Nadritch and Jonathan Karl, along with Andrew Walker, Zachary Cronin, Andrew Brooks, Lauren Pasqua and Julianne Guzman. We are thrilled to advise Applied Digital on this financing, which will propel their Ellendale campus to become a leader in the data center infrastructure sector,â said Jaime Ramirez. Dan Bartfeld added, âApplied Digitalâs strategy of owning clusters of GPUs, together with designing and operating large-scale, top-tier data centers, is extremely relevant for advancing the AI and data center industry, and we are excited to be participating in our clientâs vision.â For more information about Milbankâs Digital Infrastructure team and capabilities contact Dan Bartfeld, Patrick Campbell, Roland Estevez, John Franchini, Alexandra Johnson, Jonathan Karl, Brett Nadritch and Jaime Ramirez.
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Jaime Ramirez, Alexandra Johnson, Dan Bartfeld, Brett Nadritch, Jonathan Karl, Andrew Walker, Zachary Cronin, Andrew Brooks, Lauren Pasqua, Julianne Guzman
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