Sources: Meta and BlackRock's $14B El Paso data center project is not insured against total loss, exposing lenders to credit risks and big potential liabilities (Financial Times)
Meta and BlackRock’s uninsured $14B AI data center financing highlights rising credit risk around hyperscale compute buildouts.
Excerpt
<a href="https://www.ft.com/content/adeca274-67a3-4ee8-94f1-f43e4f28be97"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260817/i11.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260817/p11#a260817p11" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.ft.com/">Financial Times</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.ft.com/content/adeca274-67a3-4ee8-94f1-f43e4f28be97">Sources: Meta and BlackRock's $14B El Paso data center project is not insured against total loss, exposing lenders to credit risks and big potential liabilities</a></b></span> — Investors in gigawatt-scale campuses face billions in underinsured risks as insurers balk at cost of full coverage</p>
Read at source: https://www.techmeme.com/260817/p11#a260817p11