Applied Digital Secures $100 Million for Data Center Expansion
The financing from Macquarie Group will fund pre-lease development to meet hyperscaler demand.
Olivia Sharp
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Applied Digital secured a $100 million loan from Macquarie to fund early-stage data center development, sending shares up 8 percent.
Applied Digital Corporation (APLD) solidified its liquidity position on Thursday, announcing a $100 million loan facility with Macquarie Group. The capital is specifically earmarked for pre-lease development, allowing the company to secure land and power for new data center campuses before finalizing tenant agreements.
Bridging the Infrastructure Gap
The financing addresses a critical timing mismatch in the AI infrastructure market. Developing data centers requires massive upfront capital for site acquisition and utility interconnection, often months before a lease is signed.
- Speed to Execution: CEO Wes Cummins noted the facility provides the "capital flexibility" to move quickly on high-quality …
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