Goldman Sachs is gauging investor interest in a roughly $1.15 billion junk bond expected to be issued in September to finance the Digital Drive data center in Virginia, which is leased to CoreWeave. The facility is being developed by American Real Estate Partners’ PowerHouse Data Centers and Chirisa Technology Parks, with equity investments from Blue Owl Capital funds. Investors have become more cautious after heavy issuance linked to the expansion of AI infrastructure and are demanding higher yields. CoreWeave’s speculative-grade credit rating has made financing for its data-center projects more expensive than for facilities backed by major hyperscalers such as Alphabet. Galaxy Digital’s $3.5 billion CoreWeave lease-backed bond offering last month ultimately carried a 10% yield.