🚨 THE POWER DEAL IS SIGNED. THE DATA CENTER LOAN IS NOT FUNDED. AND CPI JUST GOT HOTTER.
Wall Street celebrated Monday. Tuesday morning, inflation delivered the invoice.
âš¡ $4 BILLION: NRG agreed to sell 4.9 gigawatts of natural gas generation to LS Power. The transaction remains subject to approvals and closing conditions.
💰 $300 MILLION: WhiteFiber entered a data center loan agreement. Its SEC filing confirms that no proceeds had been funded at the time of filing. Initial funding depends on readiness and customer acceptance of 40 megawatts.
📈 INFLATION: October CPI increased 0.4%, above the 0.3% forecast. Core inflation rose 0.3%, adding pressure to borrowing costs.
Here is what…
The skinny
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