Alpha Compute raises $47M in seller financing for planned 200MW Pennsylvania AI data center
Globenewswire •
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Promote with Leviathan NewsMark 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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