Applied digital and macquarie asset management execute first funding milestone in $5.0 billion ai infrastructure partnership

Dallas, oct. 07, 2025 (globe newswire) -- applied digital corporation (nasdaq: apld) ("applied digital" or the "company"), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocations services for artificial intelligence, cloud, networking and blockchain workloads, announced today that it has received the initial funding from its previously disclosed perpetual preferred equity financing facility of up to $5.0 billion with macquarie asset management (“mam”). the first draw of $112.5 million was funded today by mam-managed funds and will support the build-out of applied digital's 400mw ai factory campus in ellendale, north dakota (“polaris forge 1”), which is designed to scale up to 1 gigawatt over time.
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