Australia's Macquarie to invest up to $5 billion in Applied Digital data centers

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Macquarie spends $8b to ride US data storage boom

Australia’s Macquarie is getting in on US data centre hype with a $US5 billion ($8b) investment in NASDAQ-listed Applied Digital, calling out the sector as a “highly attractive opportunity”.

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A crypto miner turned AI data-center company is spiking after a bank invested billions

Shares of Applied Digital are spiking on the announcement, which comes on the same day the company reports earnings....

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Australia's Macquarie to invest up to $5 billion in Applied Digital data centers

Australia's Macquarie will invest up to $5 billion in Applied Digital's AI data centers and will take a 15 per cent stake in the company, the technology company said on Tuesday, sending its shares up over 15 per cent in premarket trading.Providers of computing infrastructure like Applied Digital have been

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Applied Digital agreed to create a partnership with Macquarie Asset Management, through which the Australian group could invest up to $5 billion in the future HPC data center line of Applied. As part of the agreement, Macquarie will take a 15 percent equity stake in Applied Digital’s HPC business in exchange for its investment, while Applied will keep 85 percent of the assets. The Australian group will invest up to $900 million in support of the…

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Macquarie shares lift off on $8 billion AI news

Macquarie Group Ltd (ASX: MQG) shares are marching higher today. Shares in the S&P/ASX 200 Index (ASX: XJO) diversified financial stock closed yesterday trading for $225.28. In morning trade on Wednesday, shares are changing hands for $227.42 apiece, up 0.95%. For some context, the ASX 200 is up 0.3% at this same time. This comes following overnight news that the asset manager is making a major artificial intelligence (AI) data centre investmen…

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Macquarie to invest up to US$5b in Applied Digital data centres - Hardware

Macquarie is to take a 15 percent stake in US firm Applied Digital’s high-performance computing business and invest up to US$5 billion (A$8.1 billion) in the company’s artificial intelligence data centres amid booming AI demand. Shares of Applied Digital rose about 20 percent before the opening bell. Since the launch of ChatGPT in late 2022, providers of computing infrastructure like Applied Digital have been seeing heavy investment from compan…