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Macquarie to invest up to US$5 billion in Applied Digital data centres

It will take a 15% stake in the company

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Published Tue, Jan 14, 2025 · 08:46 PM
    • Macquarie’s asset-management arm agreed to invest up to US$900 million in a data centre campus that Applied Digital is developing in North Dakota.
    • Macquarie’s asset-management arm agreed to invest up to US$900 million in a data centre campus that Applied Digital is developing in North Dakota. PHOTO: REUTERS

    INVESTMENT bank Macquarie will invest up to US$5 billion in Applied Digital’s AI data centres and will take a 15 per cent stake in the company, the Wall Street Journal reported on Tuesday (Jan 14).

    Shares of the data centre operator jumped over 20 per cent in pre-market trading.

    Macquarie’s asset-management arm agreed to invest up to US$900 million in a data centre campus that Applied Digital is developing in North Dakota, the report said.

    It also has the right of first refusal to invest an additional US$4.1 billion in future company data centres for 30 months, according to the WSJ report. REUTERS

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