[Goldman Sachs Prepares $1.15 Billion Junk Bond to Finance AI Data Center Linked to CoreWeave] BlockBeats News, August 20: Goldman Sachs is gauging investor interest in a $1.15 billion junk bond issuance, with the proceeds earmarked for the construction of a data center leased to AI cloud computing company CoreWeave. According to sources, the project is located near Richmond, Virginia, and is being developed by PowerHouse Data Centers, a subsidiary of American Real Estate Partners, in collaboration with Chirisa Technology Parks. The bond is expected to hit the market as early as September. This financing comes at a time when investors are becoming more cautious about AI infrastructure debt. With an increase in bond issuances related to AI data centers this year, the market has begun demanding higher yields. CoreWeave has previously supported high-yield bond issuances for numerous data center developers through long-term lease agreements, but its speculative-grade credit rating has also driven up financing costs. [Original Link]