Macquarie Asset Management to invest up to $5bn in Applied Digital.

Macquarie Asset Management, a global asset manager, agreed to invest up to $5bn in Applied Digital, a company that develops, builds and operates data centers and cloud infrastructure. "We believe this expanded relationship with MAM positions Applied Digital for significant growth in the industry, establishing Applied Digital as one of the fastest-growing HPC data center owners, operators and developers in the United States. At today’s build costs, we will have a significant portion of the equity needed to construct over 2.0 GW of HPC data center capacity, including our Ellendale HPC Campus,” Wes Cummins, Applied Digital Chairman and CEO.