Macquarie investment in Ellendale HPC campus
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Funds managed by Macquarie to invest up to $900 million in the Ellendale HPC data center campus
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “Funds managed by MAM to invest up to $900 million in the Company's Ellendale HPC data center campus (the "Ellendale HPC Campus").”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release states that MAM-managed funds are to invest up to $900 million in the Ellendale HPC Campus.
Confirmed in the source:
- Funds managed by Macquarie Asset Management are to invest up to $900 million
- The investment is in Applied Digital's Ellendale HPC data center campus
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/118/applied-digital-reports-fiscal-second-quarter-2025-results/) in full (35,889 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Funds managed by MAM to invest up to $900 million in the Company's Ellendale HPC data center campus (the "Ellendale HPC Campus").”