Equinix has entered into a preliminary agreement with small modular reactor (SMR) creator Oklo, backed by OpenAI chief Sam Altman. According to Datacenter Dynamics, this is the first contract signed by an operator to include the use of SMR. AltC Acquisition Corp's Form S4 filing with the U.S. Securities and Exchange Commission (SEC) discloses some details of the transaction. In particular, Equinix made an advance payment of $25 million. It is believed that in this case we are talking about equity financing - Equinix gets the opportunity to buy a share of 1,5-1,9% in the Oklo business. The reactor developer is currently in the midst of a reverse merger with SPAC company AltC Acquisition, which intends to bring the nuclear power specialist to an IPO in July 2024. Instead of shares, Equinix can also receive a discount on energy purchases.
Source: 3dnews.ru