Data Center Sector Under Severe Stress
CoreWeave credit spreads are blowing out to 1050bps and the stock is imploding, Blackstone's AirTrunk pushed its $1.5B IPO to 2027, and Digital Realty is paying residents to accept its expansion — all signaling a major data center bubble under pressure.
What we know
An account on X calls CoreWeave 'going to zero' as its credit spreads hit 1050bps, CDS going points up — first flagged by credit markets days ago. Another account on X also reports Blackstone's AirTrunk is delaying its $1.5B data center IPO to 2027 after the Firmus failure. Another account on X reports Digital Realty ($DLR) is offering De Soto, Kansas households $1,000/year for 10 years out of a $20M fund to ease backlash against a planned 1,400-acre campus. Another account on X notes in Korean that data centers hide 'all kinds of insane risks and massive liabilities that ordinary people don't understand' — while 'coins are simple and pure.'
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.