Macquarie equity stake in HPC business segment
Company: Applied Digital
The claim, verbatim
Macquarie investment comprises perpetual preferred and 15% common equity in Applied Digital HPC business, with Applied Digital retaining 85% ownership of existing and future HPC assets
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “MAM's investment will take the form of a perpetual preferred and 15% common equity interest of Applied Digital's HPC business segment, providing Applied Digital an 85% ownership stake in both existing and future HPC assets”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The release describes MAM's investment as perpetual preferred plus 15% common equity in the HPC segment, leaving Applied Digital with 85% of existing and future HPC assets.
Confirmed in the source:
- Macquarie's investment takes the form of a perpetual preferred interest and a 15% common equity interest in Applied Digital's HPC business segment
- Applied Digital retains an 85% ownership stake in both existing and future HPC assets
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: “MAM's investment will take the form of a perpetual preferred and 15% common equity interest of Applied Digital's HPC business segment, providing Applied Digital an 85% ownership stake in both existing and future HPC assets”