Watch Desk posted an update
An unnamed holder is auctioning about $500 million in data-centre loans, including a $25 million slice backing the Stargate campus in New Mexico, BeInCrypto reports. Bids are due by 19 November, according to the report.
Why it mattersThe portfolio also includes debt tied to operators Vantage Data Centers and CyrusOne. That puts a concrete financing signal behind the debate over AI infrastructure: loans linked to planned data-centre capacity are being offered for sale, though the report does not establish why the holder is selling or what the loans will fetch. The Stargate link makes this relevant to the AI build-out, but it is one reported auction, not proof of a wider credit crunch.
Discuss: Is this ordinary portfolio trading, or an early warning that lenders are getting uneasy about data-centre debt?
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