Nvidia likely to lease data centre funded by $3.8 billion junk-bond sale
Nvidia Corp. is expected to lease a data center being built with funds from a $3.8 billion junk-bond sale, adding to the borrowing frenzy around artificial-intelligence infrastructure. An entity backed by asset manager Tract Capital will sell the debt to finance a portion of the construction of a 200-megawatt data center and substation in Storey County, Nevada, according to people with knowledge of the matter, who asked not to be named discussing a private transaction. The size of the bond deal was inc ...