Macquarie perpetual preferred equity for North Dakota campuses
Company: Applied Digital
The claim, verbatim
Macquarie Asset Management funded $1.8 billion of perpetual preferred equity, with right to invest up to $4.9 billion more, for North Dakota campuses
Source (primary)
Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Globe and Mail (-, news_article)
View cached copy (2026-09-13)Live source ↗
Quote: “Macquarie Asset Management has also funded $1.8 billion of perpetual preferred equity, with the right to invest up to $4.9 billion more, for the North Dakota campuses”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states all three elements verbatim.
Confirmed in the source:
- Macquarie Asset Management funded $1.8 billion of perpetual preferred equity
- Macquarie has the right to invest up to $4.9 billion more
- This financing is for Applied Digital's North Dakota campuses
What we did: Read our cached copy of the publisher (https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/4478039/applied-digital-won-t-collect-most-of-its-rent-until-2029-i-d-wait-to-buy-the-stock/) in full (9,411 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Globe and Mail
Quote: “Macquarie Asset Management has also funded $1.8 billion of perpetual preferred equity, with the right to invest up to $4.9 billion more, for the North Dakota campuses”