Macquarie preferred equity - $112.5 million drawn from $5 billion facility
Company: Applied Digital - Project: Polaris Forge 1
The claim, verbatim
Drew an initial $112.5 million from $5 billion preferred equity facility with Macquarie Asset Management to fund Polaris Forge 1 completion and scale additional campuses
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Drew an initial $112.5 million from our $5 billion preferred equity facility with Macquarie Asset Management ("MAM" or "Macquarie") to fund the completion of Polaris Forge 1, reduce future equity funding requirements, and establish a clear pathway to scale additional campuses.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The release states the amount drawn, the facility size, the counterparty and the stated purposes.
Confirmed in the source:
- Applied Digital drew an initial $112.5 million from its preferred equity facility with Macquarie Asset Management
- The Macquarie preferred equity facility totals $5 billion
- The draw is intended to fund completion of Polaris Forge 1 and establish a pathway to scale additional campuses
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/131/applied-digital-reports-fiscal-first-quarter-2026-results/) in full (34,764 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Drew an initial $112.5 million from our $5 billion preferred equity facility with Macquarie Asset Management ("MAM" or "Macquarie") to fund the completion of Polaris Forge 1, reduce future equity funding requirements, and establish a clear pathway to scale additional campuses.”
confirms Earnings Release
Quote: “Drew an initial $112.5 million from our $5 billion preferred equity facility with Macquarie Asset Management ("MAM" or "Macquarie")”