> Or does this financing include provisions to pay the electricity bills for the next ten years which, in turn, gets used by the power company to finance the construction of a new power plant? The power company gets some kind of heads up?

Mostly things like this, yeah. The hyperscalers don't want to get into the power business.

They also need artificial demand to keep the valuations of their data centers high, so generating multiple business interests creating wash trading benefits their interests.