Macquarie to invest up to US$5 billion in Applied Digital data centres

Investment bank Macquarie will invest up to US$5 billion in Applied Digital’s AI data centres and will take a 15 per cent stake in the company, the Wall Street Journal reported on Tuesday (Jan 14).

Shares of the data centre operator jumped over 20 per cent in pre-market trading.

Macquarie’s asset-management arm agreed to invest up to US$900 million in a data centre campus that Applied Digital is developing in North Dakota, the report said.

It also has the right of first refusal to invest an additional US$4.1 billion in future company data centres for 30 months, according to the WSJ report. REUTERS