u/After_Program · 29d ago1 prior · awaiting results
NUAI signed a 20-year power deal. The financing is the part I’m watching.
NUAI's 20-year Vistra power deal for its West Texas data center de-risks power supply, but creates significant near-term financing challenges. The company must post $116M in letters of credit within 15 business days plus potentially $82.8M more, against only $69.8M in cash and uncertain loan facility funding—all before securing a paying tenant.