Applied Digital Corporation announced a $100 million development loan facility with Macquarie Group’s Commodities and Global Markets business, a move that will provide pre‑lease capital for the early stages of new AI‑optimized data center campuses. The facility, executed by APLD DevCo LLC, a wholly owned subsidiary of Applied Digital, is designed to align capital deployment with customer demand and accelerate the company’s build‑out of purpose‑built AI infrastructure.
The loan is a key milestone in Applied Digital’s strategic pivot from cryptocurrency hosting to a pure‑play AI data‑center operator. Management highlighted that the financing “strengthens our ability to move quickly on high‑quality sites while maintaining capital flexibility,” underscoring the company’s focus on securing high‑quality locations for hyperscale customers. The facility also supports ongoing negotiations with an investment‑grade hyperscaler for multiple campuses, positioning Applied Digital to capture a growing share of the AI‑driven market.
Applied Digital’s recent recognition as the “Best Data Center in the Americas 2025” signals strong industry confidence in its technology and operations. The new loan facility provides the financial flexibility needed to scale that reputation, allowing the company to fund site acquisition, construction, and early‑stage development without diluting equity or over‑leveraging its balance sheet.
The development loan is a material financing event that expands Applied Digital’s capital base and reduces reliance on equity markets. By tying drawdowns to customer demand, the company can mitigate execution risk and maintain a lean capital structure while pursuing aggressive growth in the AI infrastructure sector. This aligns with the company’s broader strategy to capitalize on the rapid acceleration of AI workloads and the corresponding demand for high‑performance, low‑latency data centers.
The announcement also signals confidence from a reputable financial partner. Macquarie’s involvement as a global provider of capital and risk‑management solutions adds credibility to Applied Digital’s expansion plans and may enhance investor perception of the company’s ability to secure future financing for large‑scale projects.
Overall, the loan facility represents a significant step forward for Applied Digital’s AI data‑center strategy, providing the necessary capital to accelerate site development, secure high‑quality locations, and meet the growing demand from hyperscale customers. The event is material, timely, and adds substantive detail to the company’s growth narrative.
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