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)
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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
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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.”