From the lender's standpoint they can repossess the data center. It's not like t... | Hacker News

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lxm 43 days ago | parent | context | favorite | on: AI's debt binge can't last, hidden borrowing reach...

From the lender's standpoint they can repossess the data center.

It's not like their collateral is a bunch of NFTs.

wanda 43 days ago [–]

Do the lenders actually have the right to that collateral? What are the details in these private SPV deals?

And is it collateral if it has yet to be built?

(I'm asking because I want to correct my own ignorance.)

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