Applied Digital Advances AI Factory Buildout with Second $787.5 Million Draw from Macquarie Asset Management
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
DALLAS, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Applied Digital (the “Company”) (NASDAQ: APLD) a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking and blockchain workloads announced today it expects to receive additional funding as part of its previously disclosed perpetual preferred equity financing facility of up to $5.0 billion with Macquarie Asset Management. The anticipated additional draws of an aggregate amount equal to $787.5 million are expected to be completed by the end of the month and will support the continued build-out of Applied Digital’s Polaris Forge 1 and Polaris Forge 2 AI Factory campuses in North Dakota. Of the anticipated funding, $450 million will be allocated toward completing the build-out of Polaris Forge 2, Applied Digital’s AI Factory campus in Harwood, North Dakota. The Polaris Forge 2 campus has leased 200 MW of critical IT capacity, currently unde
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News
- Applied Digital Leads $25 Million Funding Round for Corintis to Advance Innovation in Data Center TechnologyGlobeNewswire
- Applied Digital Completes Phase II Ready for Service at Polaris Forge 1, Fully Energizing First 100 MW BuildingGlobeNewswire
- Applied Digital Announces Pricing of $2.35 Billion of Senior Secured NotesGlobeNewswire
- Applied Digital Announces Proposed Offering of $2.35 Billion of Senior Secured NotesGlobeNewswire
- Applied Digital (NASDAQ:APLD) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $41.00 price target on the stock.MarketBeat
APLD
Earnings
- 10/9/25 - Beat
APLD
Sec Filings
- 12/5/25 - Form S-3
- 12/2/25 - Form 8-K
- 12/2/25 - Form 4
- APLD's page on the SEC website