[The Information: Most GPU Loans Hedged, Temporarily Resilient to Rate Hikes] According to a report by The Information on September 24, recent Federal Reserve rate hikes, with the possibility of further increases, have put pressure on companies financing AI data centers and chips. However, the floating-rate loans of major GPU buyers have been largely hedged against rate hike impacts through structural design. In recent years, CoreWeave has borrowed billions through 'Delayed Draw Term Loans' (DDTL) to purchase NVIDIA GPUs. Companies like Iren and Nscale have also adopted this structure, with most transactions incorporating interest rate swaps for hedging. CoreWeave has hedged at least 75% of the floating portion of its $2.6 billion GPU loan from last year, while its new $8.5 billion loan requires a hedging ratio of no less than 95%. Nscale's $1.85 billion Texas project loan mandates a hedging ratio of 90%–110%.