Applied Digital Receives First Draw of $112.5 Million From Financing Facility With Macquarie
MT Newswires Live
Oct 07, 2025
Applied Digital (APLD) said Tuesday it has received the initial funding of $112.5 million under its previously disclosed perpetual preferred equity financing facility of up to $5 billion with Macquarie Asset Management.
The company said the initial funding will support the construction of Polaris Forge 1, a 400 megawatts artificial intelligence campus in Ellendale, North Dakota.
Polaris Forge 1 has leased out the 400MW of IT capacity under construction to CoreWeave (CRWV), Applied Digital said.
Shares of Applied Digital were up more than 2% in recent Tuesday premarket activity.
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