Funding path: Macquarie preferred equity then project-level debt
Company: Applied Digital
The claim, verbatim
CFO Saidal Mohmand said funding comes first from Macquarie Asset Management preferred equity, followed by project-level debt, with Applied Digital shareholders retaining majority ownership of each site.
Source (primary)
Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St. (-, news_article)
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Quote: “Preferred equity from Macquarie Asset Management comes first, followed by project-level debt, with Applied Digital shareholders retaining majority ownership of each site”
How we checked this
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Additional evidence
confirms Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St.
Quote: “Preferred equity from Macquarie Asset Management comes first, followed by project-level debt, with Applied Digital shareholders retaining majority ownership of each site”