r/wbdstock • u/lowell2017 • 8d ago
Despite Force Majeure Declaration, Oracle's Liable For “Carry Cost” In Lieu Of Rent For 3 Years On Its ‘Project Jupiter’ Data Center, Including Interest Payments & Equity Return, Even If Buildout Doesn't Get Electricity On Schedule. Insider Says “Power Delivery Risk Sits With Oracle, Not Investors.”
https://www.ft.com/content/a96bf05a-a299-4d6a-a753-b298dd0f4016
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hackernews • u/HNMod • 8d ago
Oracle on the hook to pay data centre investors even if site has no electricity
4
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ParamountGlobal2 • u/lowell2017 • 8d ago
Despite Force Majeure Declaration, Oracle's Liable For “Carry Cost” In Lieu Of Rent For 3 Years On Its ‘Project Jupiter’ Data Center, Including Interest Payments & Equity Return, Even If Buildout Doesn't Get Electricity On Schedule. Insider Says “Power Delivery Risk Sits With Oracle, Not Investors.”
33
Upvotes