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Open original source ↗How would this accounting work? Is it really off balance sheet if you underwrote the risk? AI data centers are really stressors for the accounting industry. I hope they are paying attention.
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New wrinkle: “But META also offered a sweetener: If it decides to terminate the lease early or opts to not renew it and the value of the data center falls below a pre-determined threshold, the company will reimburse investors for potential losses, according to people briefed on the matter who asked not to be identified discussing confidential deal terms.”
ShanuMathew93 ↗