JPMorgan leads a $5B debt package for Volta’s AI data centre buildout
JPMorgan has begun approaching lenders about a $5B debt package to fund Volta Infra Holdings’ AI data centre buildout, weeks after the seven-month-old company raised $300M at a $2.4B valuation. Its first major site is a 121-megawatt campus in Norway leased from bitcoin miner Bitdeer.
JPMorgan has started sounding out lenders for a $5B debt package. The money would fund Volta Infra Holdings’ buildout of AI data centres, according to people familiar with the financing, and neither company would comment.
The borrower is seven months old. Volta was founded this year by Ricard Boada and Sofia Gumuzio, two former executives from Brookfield’s infrastructure business, and operates out of London, Palo Alto and New York.
It has moved at an unusual pace. Volta raised $300M at a $2.4B valuation this month, backed by Andreessen Horowitz, Altimeter, Nvidia and Michael Dell.
Its anchor customer arrived almost immediately. Anthropic signed a six-year,...
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