Completion announcements from Applied Digital, construction updates

Macquarie to Invest Up to $5 Billion in Applied Digital's ($APLD) AI Data Centers in North Dakota

Jan 14, 2025, 02:01 PM

Macquarie Group has agreed to invest up to $5 billion in data centers being developed by Applied Digital ($APLD), an AI infrastructure company. The initial investment of $900 million will fund a data center campus in North Dakota. As part of the deal, Macquarie will acquire a 15% stake in Applied Digital's high-performance computing business and has the right of first refusal to invest an additional $4.1 billion over the next 30 months. This investment aligns with the growing demand for AI computing power and follows Applied Digital's pivot from cryptocurrency mining to AI infrastructure.