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Fluidstack: GPU-backed senior facility (Macquarie)

GPU-backed loan for Fluidstack, 1 April 2025.

Key terms

Borrower or issuer
Fluidstack
Date
1 April 2025
Structure
GPU-backed loan
Amount
Not disclosed
Pricing
Not disclosed
Security
NVIDIA GPUs

What’s notable

A senior facility from Macquarie secured on the NVIDIA GPUs it finances, deployed in an Icelandic data centre for European AI labs. The amount is undisclosed. Later reports of over US$10bn of GPU-backed approvals for Fluidstack are unverified and are not counted here.

Recorded terms

Lender type
Lender type not establishedNo lender named in the public sources held
Security
NVIDIA GPUs
Lenders and arrangers
Macquarie
Tenant or offtaker
Leading AI research lab (unnamed)

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Sources

  1. Fluidstack gpu-backed facility (Senior debt facility secured by the financed GPUs)Source date: 1 April 2025

About this record

Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.

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Randeep Bubbra

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