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:

Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It's the latest in a string of loans, underscoring the high cost of the AI boom.

We criticized Lambda in ClusterMAX 2.0 for their reliability; in this round of testing, it was one of Lambda’s points of emphasis. Their passive health checks cover the relevant conditions and ultimately autoremediated three errors we simulated during testing. Two synthetic XIDs were autoremediated in less than 15 minutes, and there were connected dashboards to monitor node health. Our test that triggered a genuine XID 79 by performing a PCIe secondary bus reset brought the node into `NotReady` with no `GpuXid`, no cordon, and no monitoring visibility on the Kubernetes layer, but it ultimately rejoined the fleet after 2 hours. Our node-reboot tests on the Kubernetes layer also completed without incident. Great work by the Lambda team on the ClusterMAX Sliver!