ClimateThe Next Web21 minutes ago
Applied Digital Demands Power Guarantees
2 min read
Data centre developer Applied Digital requests billions in power guarantees from tenants like Oracle and Meta before signing leases. The company also seeks guarantees from chipmakers Nvidia and AMD. Credit ratings now determine leasing access, capping space for junk-rated neoclouds such as CoreWeave. Applied Digital prefers a 70% investment-grade to 30% non investment-grade tenant mix.
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