We are thrilled to send our congratulations to @AxeCompute on successfully securing a prepayment of $317M+ to fund their expanding GPU cluster.
Chief Executive Officer Chris Miglino outlined the unique strategy that makes this operational pace possible. By requiring customers to pay 20-45% of the total project expenses in advance, the company establishes a reliable income stream. This contracted revenue is subsequently leveraged to acquire project financing. As a result, the construction phase can proceed immediately without being delayed by the need for a traditional capital raise.
Additionally, incoming term sheets are set to supply approximately 49% of the equity needed to develop 55MW of new US capacity in partnership with Duos.
Be sure to check out our newly published blog to read the comprehensive breakdown of this exciting development.
Chief Executive Officer Chris Miglino outlined the unique strategy that makes this operational pace possible. By requiring customers to pay 20-45% of the total project expenses in advance, the company establishes a reliable income stream. This contracted revenue is subsequently leveraged to acquire project financing. As a result, the construction phase can proceed immediately without being delayed by the need for a traditional capital raise.
Additionally, incoming term sheets are set to supply approximately 49% of the equity needed to develop 55MW of new US capacity in partnership with Duos.
Be sure to check out our newly published blog to read the comprehensive breakdown of this exciting development.