Reported about 18 hours ago
Australia's Macquarie is set to invest up to $5 billion in Applied Digital, acquiring a 15% stake as the company develops AI data centers. The investment includes $900 million for a campus in North Dakota, with an option for an additional $4.1 billion over the next 30 months. This funding will help Applied Digital address high power demands and repay existing debts, contributing to its substantial growth in the data center market amid rising AI demands.
Source: YAHOO