technology ·
ING seeks buyers for $500 million in 12 data center loans including New Mexico Stargate debt
Debt worries surrounding artificial intelligence are intensifying, as ING is reportedly looking to sell off a substantial portion of its data center financing.
The financial institution is seeking interested parties for approximately $500 million spread across twelve separate data center loans.
This portfolio of debt includes obligations linked to a specific location: a Stargate site situated in New Mexico.
The move suggests a potential recalibration of risk within the rapidly expanding infrastructure supporting AI technologies.
ING's reported search for buyers signals a shift in how these large-scale digital assets are being financed.
