Official press releases from Applied Digital or Macquarie, or reputable news outlets

Macquarie to Invest Up to $5 Billion in Applied Digital's Data Centers, Starting with $900M for North Dakota

Jan 14, 2025, 11:50 AM

Macquarie Asset Management has announced plans to invest up to $5 billion in data centers developed by artificial intelligence infrastructure company Applied Digital. The investment will begin with $900 million allocated for 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 (HPC) business and secure a right of first refusal for an additional $4.1 billion investment over a 30-month period. This partnership aims to support Applied Digital's growth in the HPC sector. Applied Digital's stock ($APLD) rose 20.1% in pre-market trading following the announcement.