Oracle Loans Backing Massive New Mexico Data Center Tumble To Stressed Levels
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BizTocOracle Loans Backing Massive New Mexico Data Center Tumble To Stressed Levels
Oracle Loans Backing Massive New Mexico Data Center Tumble To Stressed Levels Overnight we explained why the AI supercycle now hinges on the ever faster issuance of more and more debt, so critically needed to fund trillions in capex in the coming years... ... and which according to Goldman will look something like this. The problem is that as spreads keep blowing out as more investors do the ugly math (discussed extensively here), the pace of de…
Oracle’s Project Jupiter in New Mexico reportedly mothballed as $18B loan trades at steep discount
Oracle's Project Jupiter halt highlights financial instability risks in large-scale AI infrastructure, impacting regional economic growth prospects. The post Oracle’s Project Jupiter in New Mexico reportedly mothballed as $18B loan trades at steep discount appeared first on Crypto Briefing .
The secondary market is valuing more cautiously the debt linked to Oracle’s Jupiter Project, while delays and regulatory obstacles in New Mexico raise doubts about the cost and timing of its expansion of infrastructure for artificial intelligence. *** Loans for approximately $18 billion related to the Jupiter Project are quoted between 89 and 91 cents per dollar. The project accumulates at least seven months of delay, according to reports, amid …
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