unusual_whales reports a mystery seller is auctioning about $500 million in data center loans including a $25 million piece tied to the Stargate project of OpenAI, SoftBank and Oracle, days after midterms raised doubts per Bloomberg.

Bloomberg reports ING has placed roughly $500 million of data center loans up for sale at once, including a $25 million slice of the OpenAI, SoftBank and Oracle Stargate project in New Mexico.

OpenAI's $500 billion Stargate project shows progress at all 7 US sites, targeting 9+ GW by 2029 amid rising AI compute demands.