Applied Digital's $5 billion investment announcement is contingent on closing a 100 MW deal with a hyperscaler, which remains uncertain. Explore more details here.

(Corrects paragraph 1 to say Macquarie will take a stake in Applied Digital's high-performance computing unit, not the whole company. The error was there in previous versions of the story; Removes ref

The campus is the one of several Applied Digital datacenters that Macquarie intends to plow money into. Under the agreement, the financial services firm has been granted first right of refusal for all future AI datacenters Applied may pursue over the next 30 months up to $4.1 billion.