Neoclouds are over-leveraged with drying up credit, and buyers have little to no protection when buying compute.
A robu | Hanami
Neoclouds are over-leveraged with drying up credit, and buyers have little to no protection when buying compute.
A robust forward curve is a must, or wall street starts pushing this debt onto people. https://x.com/ivanburazin/status/2115913817834090698
Quoted @ivanburazin: After this tweet, a GPU provider we already wired $3M to called and asked for $5M more upfront. Said it’s now riskier. He tried to renegotiate a signed contract.
Then banks we were in talks with cut their lending offers in half, saying their IC got scared.
One reply moved capital markets against everyone building in this space except the people big enough to be immune to it.
https://t.co/IK3NCDT3pN