Report
Data center developers reportedly face a tougher debt market
The Information reports investors are demanding more compensation for construction risk, while some banks are pulling back from lending.
TLDR
The Information reports that data center developers face a tougher debt market as investors demand more compensation for construction risk and some banks pull back from lending. It says CleanSpark, which is developing a data center for Meta Platforms, had to offer investors big concessions to land financing.
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