Applied Digital Secures $5 Billion Funding for HPC Business Segment in Partnership with Macquarie Asset Management
Applied Digital Secures $5 Billion Funding for HPC Business Segment in Partnership with Macquarie Asset Management
01/17/25, 7:55 PM
Location
dallasMoney
$5 billion
Industry
data center
it infrastructure
information technology
Type
partnership
Applied Digital has secured a partnership with Macquarie Asset Management for a $5 billion investment to support its mission of solving real-world challenges in AI and high-performance computing while focusing on sustainability. The partnership will help Applied Digital build and develop the Ellendale HPC Campus, a 400-megawatt facility designed to meet the growing demand for high-performance computing.
Company Info
Location
dallas, texas, united states
Additional Info
Applied Digital Corporation (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America to provide digital infrastructure solutions to the rapidly growing high-performance computing (HPC) industry.
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