💨 Abstract
Australian investment firm Macquarie will invest up to $5 billion in AI data center provider Applied Digital, taking a 15% stake. Macquarie will invest up to $900 million in a data center campus in North Dakota and has the right of first refusal for additional investments. Applied Digital's shares increased by 15% in premarket trading following the announcement.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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