Preferred equity financing from Macquarie Asset Management
Company: Applied Digital
The claim, verbatim
Applied Digital has a financing facility of up to $5 billion in preferred equity from Macquarie Asset Management, drawn in tranches
Source (primary)
Wells Fargo Starts Applied Digital (APLD) at Overweight and Calls it a Top Idea - Yahoo Finance (-, news_article)
View cached copy (2026-09-23)Live source ↗
Quote: “Applied Digital has a facility of up to $5 billion in preferred equity from Macquarie Asset Management, drawn in tranches”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article describes the Macquarie preferred equity facility of up to $5 billion, drawn in tranches, as funding the build-out.
Confirmed in the source:
- Applied Digital has a facility of up to $5 billion in preferred equity
- The facility is from Macquarie Asset Management
- The facility is drawn in tranches
- The facility funds the building of the contracted backlog
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/wells-fargo-starts-applied-digital-230948097.html) in full (12,389 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Wells Fargo Starts Applied Digital (APLD) at Overweight and Calls it a Top Idea - Yahoo Finance
Quote: “Applied Digital has a facility of up to $5 billion in preferred equity from Macquarie Asset Management, drawn in tranches”