Applied Digital (APLD) Pushes AI Expansion and Separates Cloud Unit [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
infrastructure designed for HPC and AI workloads, entered into a loan facility with Macquarie Group's Commodities and Global Market's business on December 18 th The loan facility aims to fund the pre-lease development costs for new data center projects, supporting early-stage sourcing, planning, development, and construction of new data center campuses. APLD said that it is in advanced negotiations with an investment-grade hyperscaler for multiple campuses. It also plans to draw an initial $100 million from the facility to fund development activities. Stock market data. Photo by Photo by Alesia Kozik "This development facility strengthens our ability to move quickly on high-quality sites while maintaining capital flexibility. As demand for AI-optimized data center infrastructure continues to accelerate, this financing is intended to support our strategy of developing purpose-built campuses for hyperscale customers." -Wes Cummins, Chairman and Chief Executive Officer of Applied
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