Oracle sends force majeure notice on New Mexico data center

Summarised from 3 outlets · Updated 25 Sept, 07:37 · Archive

Oracle has issued a force majeure notice on its New Mexico Stargate data center project.

Oracle has issued a force majeure notice on its New Mexico Stargate data center, which would allow the company to delay payments if the facility misses its 2028 target to come online. The Financial Times reports that Oracle remains responsible for payments to Project Jupiter investors despite the notice.

Oracle sends force majeure notice on New Mexico data center — Image: Financial Times

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How it is being reported

Oracle on the hook to pay data centre investors even if site has no electricityThe tech group is responsible for ‘Project Jupiter’ payments despite force majeure notice on New Mexico projectFinancial Times · 25 Sept, 00:47
Oracle sends 'force majeure' notice about data center project — stock drops 3%Oracle is reportedly looking to delay payment on Project Jupiter if the data center fails to come online in 2028CNBC · 24 Sept, 21:00
Oracle sends force majeure notice on its New Mexico Stargate data centerThe notice would allow Oracle to delay payments should the facility miss its 2028 target to come online.TechCrunch · 24 Sept, 19:11

In this story: Oracle · New Mexico

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log