Macquarie invests up to $5 billion in Applied Digital's AI data center business
Investment firm Macquarie is to invest billions of dollars into data center firm Applied Digital. First reported by the Wall Street Journal and confirmed by the company, Macquarie Asset Management (MAM) is set to invest $5 billion into Applied, a cryptomining firm pivoting to AI and HPC data centers.
Australia's Macquarie to invest up to $5 bln in Applied Digital data centers
Australia's Macquarie on Tuesday agreed to take a 15% stake in Applied Digital's high-performance computing business and invest up to $5 billion in the company's artificial intelligence data centers amid booming AI demand.
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The move may lead to further job losses for Telstra which last year announced plans to cut up to 2800 workers.
Macquarie expects software stock fundamentals to remain “generally positive in 2025,” although “potentially accompanied by bouts of ...
Telstra is pumping $700 million into AI capabilities while Macquarie Bank is investing $8 billion in a US firm building a ...
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