Banks hesitate to fund data center builders after tightening lending rules

Banks are hesitating to fund neocloud companies after previously lending to them.

CoreWeave, Nebius and Oracle are among the companies involved.

They borrowed money to build data centers, which support their cloud businesses.

Lenders have since tightened their rules, changing how willing banks are to provide funding.

This shift matters because the companies have used borrowing to build their data centers.

The available information does not say what happens next or how the companies will respond.