[lenerdenator]

Given that $5 million is not that much in the heavy industry game, I'd like to know why they couldn't get the bridge loans.

Like, that's not an unreasonable size of loan for a regional expansion for medium-sized businesses; there should be some sort of lender interested in doing that for them.

[fragmede]

That's why, if you look at Fervo energy's makeup, and ask why do your have so many finance people, relative to the number of engineers; that's why. As a software developer, I have no idea how to get a $5 million bridge loan other than whatever ChatGPT could tell me. Meanwhile, a team of finance guys with domain expertise could have gotten them that $5 million.

[cyberax]

I suspect some shenanigans from investors. The bankruptcy also was handled in an unusual manner, not through a regular liquidation.