{
  "schema": "aic.execution-checkpoints/1",
  "dataset_id": "selected-execution-checkpoints",
  "reviewed_on": "2026-10-14",
  "language": "en",
  "scope": "Four selected disclosures linked to published AI Infra Credit research. Not a live status feed, exhaustive market survey, financing total or comparable completion ranking.",
  "date_policy": "source_date is the publication date of the selected evidence. event_date is populated only when the event date is established; event_no_later_than is an upper bound, not an exact event date.",
  "records": [
    {
      "id": "fermi_amd_support",
      "case_name": "Fermi and AMD",
      "stage_code": "support_signing_announced",
      "stage_label": "Support signing announced",
      "source_date": "2026-10-13",
      "event_date": null,
      "event_no_later_than": "2026-10-13",
      "evidence_kind": "issuer_announcement",
      "summary": "Fermi announced a signed AMD credit-support agreement for its phase-one lease. The public record now identifies a support provider.",
      "next_evidence": "Support scope and effectiveness, lease closing and project funding.",
      "inference_limit": "The announcement does not establish an AMD guarantee cap or a project-loan draw.",
      "source_url": "https://www.newswire.com/news/fermi-signs-credit-support-agreement-with-amd-and-announces-partnership",
      "report_url": "https://aiinfracredit.com/en/research/the-balance-sheet-behind-the-backstop#section-9",
      "evidence_url": "https://aiinfracredit.com/downloads/fermi-amd-credit-support-2026-10-14.json"
    },
    {
      "id": "volta_placement",
      "case_name": "Volta",
      "stage_code": "placement_and_terms_reported",
      "stage_label": "Placement reported",
      "source_date": "2026-10-13",
      "event_date": null,
      "event_no_later_than": null,
      "evidence_kind": "attributed_reporting",
      "summary": "Semafor reported an Apollo order and a proposed interest-rate reduction tied to Anthropic reaching investment grade. Allocations were still being discussed.",
      "next_evidence": "Final allocation, executed terms and first funding.",
      "inference_limit": "An investor order is not confirmed funded cash; a future rate step-down is not current liquidity.",
      "source_url": "https://www.semafor.com/article/10/13/2026/voltas-5-billion-debt-deal-is-a-pulse-check-on-the-ai-financing-boom",
      "report_url": "https://aiinfracredit.com/en/research/volta-and-the-price-of-utility-compute#section-11",
      "evidence_url": "https://aiinfracredit.com/downloads/volta-utility/volta-execution-update-2026-10-14.json"
    },
    {
      "id": "coreweave_notes",
      "case_name": "CoreWeave convertible notes",
      "stage_code": "issuance_completed",
      "stage_label": "Notes issued",
      "source_date": "2026-09-22",
      "event_date": "2026-09-22",
      "event_no_later_than": null,
      "evidence_kind": "issuer_filing",
      "summary": "CoreWeave reported completion of its $4.2bn convertible offering. Issued principal, proceeds and capped-call spending are separate measurements.",
      "next_evidence": "Subsequent liquidity disclosures and the cash or share obligations under the settlement terms.",
      "inference_limit": "Completed issuance does not identify today's unrestricted cash or prove deployment of the proceeds.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/crwv-20260917.htm",
      "report_url": "https://aiinfracredit.com/en/research/coreweave-and-the-price-of-avoiding-dilution",
      "evidence_url": "https://aiinfracredit.com/downloads/convertible-settlement/convertible-settlement-evidence.json"
    },
    {
      "id": "iren_horizon_1",
      "case_name": "IREN Horizon 1",
      "stage_code": "customer_acceptance_reported",
      "stage_label": "Acceptance reported",
      "source_date": "2026-08-13",
      "event_date": null,
      "event_no_later_than": "2026-08-13",
      "evidence_kind": "issuer_announcement_filed_as_exhibit",
      "summary": "IREN reported Microsoft acceptance of Horizon 1, the first 50 MW IT-load phase in a four-phase program.",
      "next_evidence": "The relevant legal tranche and guarantee-release scope, plus later delivery milestones.",
      "inference_limit": "This disclosure does not establish acceptance of all four phases or release of every parent obligation.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126032638/ef20080141_ex99-1.htm",
      "report_url": "https://aiinfracredit.com/en/research/iren-customer-acceptance-and-parent-support",
      "evidence_url": "https://aiinfracredit.com/downloads/iren-acceptance/iren-acceptance.json"
    }
  ]
}