Add as a preferred source on GoogleJPMorgan, Goldman Sachs Underwrite $1.3 Billion of Volta AI Loan
The banks are arranging a planned $5 billion loan for the AI cloud services company. The term loan would cover Volta AI’s lease costs for Bitdeer data centers.
JPMorgan and Goldman Sachs are underwriting $1.3 billion of Volta AI’s planned $5 billion loan, reshaping the financing structure for the AI cloud services company.
The two banks are arranging the broader $5 billion loan but would underwrite only the $1.3 billion term-loan portion. That financing would be used to pay lease costs for Volta AI’s use of data centers operated by Bitcoin miner Bitdeer.
Volta Infrastructure Holdings, which operates as Volta AI, is pursuing the loan for its AI cloud services business.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.