Bank of Internet USA

The structure can finance as much as 90% of qualifying equipment cost, with DigitalOcean funding the remainder through prepaid rent.

MUFG is serving as administrative and collateral agent, with banks including Axos, BMO, Wells Fargo, and PNC involved in the broader facility.

The company explicitly said it wants to align cash outflows more closely with revenue.

That is exactly the financing problem AI infrastructure has to solve.

From a rates and term perspective, our company is really rolling up our sleeves.

I'm pretty stoked about it because, you know, the tagline once upon a time for Axos Bank was the bank of the internet.

And the reason why that's important is because we're data centric.

We have all the tools and resources to be able to access all of your loan information at the grasp of your fingertips.