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Updated · Bloomberg · Apr 24Hut 8 subsidiary plans $3 billion bond sale for Google-linked data center
15 articles · Updated · Bloomberg · Apr 24
- The subsidiary aims to finance a 245-megawatt facility in St. Francisville, Louisiana, with support from Goldman Sachs, JPMorgan, and Morgan Stanley.
- Investor calls are being arranged, and the bond deal could launch within days as part of the AI-driven data center expansion.
- This move reflects growing demand for AI infrastructure, with major tech and finance firms collaborating to meet surging computational needs.
Why is Google backing a $10 billion facility instead of simply building and owning its own? Is Big Tech's $1.5 trillion AI financing gap creating the next 'too big to fail' financial crisis? As data centers consume 17% of U.S. power, can the grid handle the AI revolution without blackouts? Will a $10 billion data center bring prosperity to rural Louisiana or just drain its water and power? With GPUs obsolete in seven years, how can a 15-year data center bond be a secure investment? Is pivoting from Bitcoin to AI a genius move or a jump from one volatile bubble to another?