Summary

Nvidia is expected to lease a 200-megawatt data center in Nevada, funded by a US$3.8 billion junk-bond sale. The bond deal, increased by US$150 million due to positive demand, will finance part of the construction and reduce Tract Capital’s equity contribution. Nvidia, which uses AI to design chips and software, will initially lease the space for 16 years with options to extend.

https://www.theedgesingapore.com/news/tech/nvidia-lease-data-centre-funded-us38-bil-junk-bonds