Applied Digital's (APLD) artificial intelligence data centers may receive up to $5 billion investment from Macquarie, The Wall Street Journal reported Tuesday, citing Applied Digital.
Macquarie's asset management unit agreed to invest $900 million in a data center in North Dakota that Applied Digital is developing, the report said. Macquarie also owns a right of first refusal to further invest $4.1 billion for 30 months in Applied Digital's future data centers.
Neither Applied Digital Nor Macquarie immediately responded to MT Newswires' requests for comment.
Applied Digital's shares surged 389% in recent premarket activity
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