Bloomberg: Texas grid audit, not investor demand, now blocks refinancing of Anthropic's Texas compute campus

Bloomberg reports that a Texas grid audit, not investor demand for AI, is now the binding constraint on refinancing Anthropic's leased Texas compute campus. Morgan Stanley-led banks have shelved a $5 billion to $7 billion junk-bond sale after Governor Greg Abbott froze approvals of new grid connections for data centers pending the audit, leaving seven banks holding a $14.2 billion one-year loan they have already disbursed, about $2 billion each. The episode matters because it shows power-grid regulation, not capital appetite, gating AI infrastructure buildout.

• Rohan Paul2026-10-29 17:09