Tract Capital

Nvidia-tied debt deal turbocharges bet on construction of a data center bigger than San Francisco

Tract Capital, a data center land developer, secured $3.8 billion in junk bonds, backed by Nvidia, to fund the construction of a data center in Nevada. The company aims to develop vast tracts of land with pre-secured power access for future data centers across the US. This move highlights the intense competition for powered land and energy resources in the booming AI infrastructure market.