Source: Applied Digital has asked tenants like Oracle and Meta for billions in guarantees since at least last year to secure power before finalizing leases (Bloomberg)

The financial commitment to electricity can come before a data-center lease is signed.

Applied Digital has sought billions in guarantees from prospective tenants including Oracle and Meta, according to a source cited by Bloomberg. The guarantees are intended to secure power before leases are finalized. The requests date back to at least last year; the note does not say whether those companies provided them.

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