Macquarie investment to recover $300 million of Applied Digital equity in Ellendale
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
The Macquarie Asset Management investment, in conjunction with future project financing, will be used to recover over an estimated $300 million of Applied Digital's equity investment in the Ellendale HPC Campus
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “The MAM investment, in conjunction with future project financing, to be used to repay project-level debt and allow the Company to recover over an estimated $300 million of its equity investment in the Ellendale HPC Campus.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states the MAM investment plus future project financing would allow Applied Digital to recover over an estimated $300 million of its Ellendale HPC equity investment.
Confirmed in the source:
- The MAM investment, together with future project financing, is to be used to let Applied Digital recover over an estimated $300 million of its equity investment
- The equity investment being recovered is in the Ellendale HPC 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 (35,851 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “The MAM investment, in conjunction with future project financing, to be used to repay project-level debt and allow the Company to recover over an estimated $300 million of its equity investment in the Ellendale HPC Campus.”