Bitcoin custody provider Applied Digital (formerly Applied Blockchain) has signed a $15 million loan agreement with Vantage Bank Texas to expand its operations in Texas. The agreement includes 16 installments of up to $937,500 each with a fixed interest rate of 6.15% and a loan maturity date of April 26, 2028. Applied Digital has borrowed nearly $4.7 million to date. The new funds will be used for the company's second facility, currently under development in Garden City, Texas, which is expected to have a capacity of 200 megawatts.