Macquarie investment right in future HPC data center projects
Company: Applied Digital
The claim, verbatim
From October 6, 2025 through April 6, 2028, Macquarie has the right to invest in additional HPC data center projects developed outside the Polaris Forge 1 entity at $2.25 million per MW capacity, up to $4.55 billion aggregate across all such projects, bringing total potential investment inclusive of Polaris Forge 1 to $5.0 billion
Source (primary)
Applied Digital 8-K filed 2025-10-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Purchaser will have the right to invest in such project at the rate of $2.25 million per MW of capacity, up to an aggregate of $4.55 billion across all such projects, for a total investment inclusive of the Polaris Forge 1 of $5.0 billion”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital 8-K filed 2025-10-09
Quote: “the Purchaser will have the right to invest in such project at the rate of $2.25 million per MW of capacity, up to an aggregate of $4.55 billion across all such projects, for a total investment inclusive of the Polaris Forge 1 of $5.0 billion”