Bloomberg: A State Grid Audit, Not Investor Demand for AI, Is Now the Binding Constraint on Refinancing the Anthropic Texas Compute Campus
Morgan Stanley-led banks have shelved a 5 billion to 7 billion dollar junk-bond sale tied to an Anthropic-leased data center in Texas, according to Bloomberg. The pause follows a freeze ordered by Governor Greg Abbott on approving new grid connections for data centers until Texas regulators finish an audit. That leaves seven banks holding a 14.2 billion dollar one-year loan they have already disbursed, with roughly 2 billion dollars at stake each. The episode matters because it shows power-grid permitting, not investor appetite, can now gate how AI compute gets financed.
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- Rohan Paul2026-10-29 17:09