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      "text": "MAM will have the right to invest in future hyperscaler projects. At closing, Macquarie will receive a 15% common equity interest in APLD HPC Holdings, a subsidiary of APLD, which will hold the data centers MAM helps finance.",
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      "text": "Example 100 MW\nMAM Preferred Equity investment: $225 mm\nAPLD equity investment: ~$0-$35mm +/-\nThe remaining amount will be financed (assumes 80% Loan to Cost - LTC)",
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