Applied Digital and Macquarie Asset Management Execute First Funding Milestone in $5.0 Billion AI Infrastructure Partnership
Applied Digital Corporation (APLD)
Company Research
Source: GlobeNewswire
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. Polaris Forge 1 has leased the 400MW of critical IT capacity currently under construction to CoreWeave, the AI Hyperscaler™. Proceeds from the MAM facility will be used toward completing the buildout of this campus, where Applied Digital’
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APLD
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 Advances AI Factory Buildout with Second $787.5 Million Draw from Macquarie Asset ManagementGlobeNewswire
- Applied Digital Announces Proposed Offering of $2.35 Billion of Senior Secured NotesGlobeNewswire
APLD
Earnings
- 10/9/25 - Beat
APLD
Sec Filings
- 12/2/25 - Form 8-K
- 12/2/25 - Form 4
- 11/28/25 - Form 4
- APLD's page on the SEC website