Lambda has closed its second institutional debt facility and its first $1 billion-plus GPU debt financing. The facility was oversubscribed and rated A (low) by Morningstar DBRS and Baa1 by Moody's. Proceeds will fund the purchase and development of GPU infrastructure supporting three committed customer deployments with two investment-grade offtakers across multiple data centers. Read the announcement:

Lambda is coming to Mayes County, Oklahoma. The new data center will deploy closed-loop cooling to reduce water use, and Lambda will pay 100% of its energy costs. It's expected to generate $500M in tax revenue over the next decade and create up to 1,000 construction jobs: We’re excited to join the Mayes County community and look forward to listening, learning, and working alongside local leaders and residents. We’re committed to being a good neighbor and long-term partner as this project moves forward. Read more in @tulsaworld:

lamb @LambofCrypto said something interesting a few days ago. essentially: alts have basically chopped since 2021, few outperformers, and nobody in crypto wants to entertain the idea of a "lost decade." i had a vague idea of what lost decades looked like in stocks but i took another look. 1966 to 1980. 2000 to 2013. huge ranges. slightly higher highs or double tops with deep drops and new lows. brutal chop. a year or two uptrend followed by a year or two downtrend. conclusion: a lost decade does not mean "down only". thus, it probably was hard to know you were in a lost decade while it was playing out. then look at altcoins last cycle. solana was the headliner. everything went right for it. it clipped the 2021 high and rolled straight back over. eth did the same. the best majors of the cycle tapped the old highs and failed. meanwhile the industry drifted towards faster launches, quicker rotations, more coins to choose from. it could be the bear market talking and this is a bottom signal post but maybe we're five years into the altcoins lost decade already...