News linked to both this project and an event.
According to Bloomberg, private credit firm Eagle Point Credit Management LLC is providing a loan of approximately $1.3 billion for a large AI data center in Texas, USA, associated with Anthropic, marking another mega-deal in the boom of AI infrastructure financing.
Odaily News According to sources familiar with the matter, Nvidia will provide approximately $100 billion in credit financing support for a hyperscale AI data center campus leased by OpenAI. The data center project, located in Ohio, USA, is one of the largest planned AI infrastructure projects globally. The financing support from Nvidia will help OpenAI complete the first phase of the project, which is expected to last about two years and cover roughly half of the entire project's construction scale.Sources indicate that this financial support may not only be used for data center construction financing but could also partially go toward purchasing Nvidia AI chips. (The Information)
Odaily News – Bitcoin miner MARA Holdings disclosed in its latest quarterly SEC filing that it has pledged 18,750 BTC as collateral for two Bitcoin-backed loans, totaling $750 million in principal.Among these, financing provided by Coinbase Credit includes a refinancing of the original $150 million credit facility plus an additional $300 million in new funds; Two Prime Lending separately provided a $300 million loan. Both loans have been fully drawn, with a combined financing cost of approximately 7.56%, primarily maturing in August 2028.The pledged 18,750 BTC were valued at approximately $1.2 billion at the time of the transaction. If a decline in Bitcoin's price pushes the collateral ratio below the agreed level, MARA could face margin call requirements; otherwise, the related BTC may be subject to liquidation risk.The new funds will mainly be used for general corporate purposes and to support MARA's acquisition of Long Ridge Energy & Power. The transaction has an enterprise value of approximately $1.5 billion. Long Ridge owns a natural gas power plant in Ohio, USA, with an expected installed capacity of 505 MW, along with over 1,600 acres of industrial land. MARA plans to further develop the site into a base for Bitcoin mining, AI, and high-performance computing infrastructure. (Crowdfund Insider)
Odaily NASDAQ-listed bitcoin treasury company Empery Digital has announced the completion of a $20 million strategic investment in preferred shares of AI data center developer Cardinal Data Power (CDP), acquiring approximately 8% equity in CDP upon transaction closing. This investment is a key component of CDP’s $70 million Series A funding round, with all proceeds allocated to the development of its first AI data center campus in West Texas, USA. (Businesswire)
Elon Musk has completed the acquisition of APR Energy, a mobile power generation company, with the overall transaction valued at least $1 billion. Documents show that Duos Technologies sold its 5% non-voting stake in New APR Energy, realizing a net gain of $50.4 million, which implies an enterprise value exceeding $1 billion. Headquartered in Florida, USA, APR Energy specializes in modular gas and diesel mobile generator sets, with a total installed capacity exceeding 1 GW. Individual projects can be deployed in as fast as 15 to 30 days, providing temporary and backup power for data centers.Industry analysts suggest that this acquisition aims to support the expansion of xAI's computing cluster and reduce reliance on the public grid. However, the fossil fuel-based power generation model will also bring trade-offs in terms of carbon emissions, compliance, and long-term operational costs. (Techrepublic)
Pact Labs has announced the completion of a $7 million Series A funding round, led by Tether, with participation from Blockchange Ventures and Lasagna. The project's primary business is to provide core infrastructure for USA₮ in scenarios such as payroll, earned wage access, credit, and everyday payments. (Tether News).
“White-Haired Stock Guru” Serenity posted a summary of the regional market style differences observed on X:1. USA: Bullish on all “futuristic” narratives, such as targets like $SPCX. Less sensitive to valuations, more focused on potential and imagination.2. Europe: From SIVE to SOI, attention to AI infrastructure construction is relatively weak. The time frame leans toward performance over the past 12 months (specifically noting that Belgium has performed decently, while observing France and Sweden).3. South Korea: High-leverage “Degen” style with extremely volatile markets, similar to the intense fluctuation structure of “50x Hyperliquid traders entering the stock market.”4. Japan: Generally mild and supportive, with fewer aggressive short-selling or bearish expressions.Serenity added that data on other regions such as Latin America is still insufficient, but observations will continue in the future.
Bill Ackman's closed-end fund, Pershing Square USA (PSUS), and alternative asset management company Pershing Square (PS) are conducting an initial public offering, expected to raise a total of approximately $5 billion, at the lower end of the previously stated $10 billion target range. This amount includes a $2.8 billion private placement already disclosed to the U.S. Securities and Exchange Commission. Approximately 85% of this offering has been subscribed by institutional investors. Bookbuilding is scheduled to close at 4:00 PM New York time on Monday, with pricing on April 28. Pershing Square USA will charge a 2% management fee with no performance fee, while voting control of Pershing Square is held by Ackman and core management.