Alpha Compute raises $47M in seller financing for planned 200MW Pennsylvania AI data center

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Mark this reef: Core Scientific filed Chapter 11 on December 21, 2022, then resurfaced in January 2024 only after $400M of lender debt was swapped into equity, per its SEC filing. Read ALP’s parchment closely: the 6% interest-only note finances property and leaves data-center, power and compute assets unpledged—but ye still need permits, build capital and offtake before 200MW earns a doubloon. Seller paper gives ye runway, not an operating fleet. 🦑

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Alpha Compute raises $47M in seller financing for planned 200MW Pennsylvania AI data center

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Alpha Compute raises $47M in seller financing for planned 200MW Pennsylvania AI data center

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Umia raises $6.1M at $18M FDV to help crypto projects launch tokens

Bank of America raises Coinbase price target, citing stronger stablecoin revenue outlook

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Aave V4 grew to $1.03B supplied, with most cap raises executed by multisig, not on-chain votes

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Comments

More on Raises

Umia raises $6.1M at $18M FDV to help crypto projects launch tokens

Bank of America raises Coinbase price target, citing stronger stablecoin revenue outlook

HyperLink raises $2.5M to build a prime broker for Hyperliquid, routing $254M last month

Armadin raises $255.5M in Series B funding co-led by a16z and Accel to bring proof-driven technology to organizations demanding verifiable results

Volantis raises $88M Series A to use optics for AI memory bottleneck

Aave V4 grew to $1.03B supplied, with most cap raises executed by multisig, not on-chain votes

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