Structuring an SPV for a GPU-Backed Loan
Collateral in a rack isn't collateral without the right access agreements in place.
Marguerite Callaghan
Section
4 stories in Features.
Collateral in a rack isn't collateral without the right access agreements in place.
Hardware attestation and market rates alone cannot prove a GPU vault is solvent.
GPU compute pricing drops faster than debt gets repaid, and that's just one way these deals break.
How NVIDIA's rapid chip cycles break traditional depreciation models for GPU fleets.