Applied Digital wants power guarantees from Oracle and Meta, Bloomberg says
The Next Web, citing Bloomberg, reports that data centre developer Applied Digital has asked tenants including Oracle and Meta for billions of dollars in guarantees before signing leases. Citing a person familiar with the matter, the report says the money would secure power for the sites, and that Applied Digital is also seeking guarantees from chipmakers Nvidia and AMD. The outlet frames this as part of a broader push by data centre developers and utilities to have Big Tech carry grid costs if projects fail, noting that junk-rated neoclouds such as CoreWeave are being capped.
Based on The Next Web's report - only one outlet has covered this so far. Read the original.Coverage 1 source · 1 report
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Applied Digital wants power guarantees from Oracle and Meta, Bloomberg says
Data centre developer Applied Digital has asked tenants including Oracle and Meta for billions of dollars in guarantees before signing leases, Bloomberg reported. The money secures power for the sites, it said, citing a person familiar with the matter. Applied Digital is also asking chipmakers Nvidia and AMD for guarantees, the person said. These are set […] This story continues at The Next Web
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