Applied Digital Gets Up To $5B From Macquarie For North American Data Center Investments

1/14/2025

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Bisnow

• Subcategory: Capital Markets: Equity, Industrial: Data Centers

• Tag: Investment

• Additional Filters-Subcategory: Capital Markets: Preferred Equity

• Company: Macquarie Asset Management (MAM)

Macquarie is banking heavily on artificial intelligence-related investments. The Australian financial institution has struck a deal with AI-infrastructure company Applied Digital to invest as much as $5B in preferred equity in the latter company’s data center pipeline.

The Ellendale High Performance Computing data center campus Applied Digital is developing in North Dakota will get up to $900M of that investment, The Wall Street Journal reported. Macquarie also gets the first chance to invest the other $4.1B in upcoming projects over the next 30 months.