Infrastructure finance

Capital

Capital pathways supporting equipment, project delivery and expansion across the Grid.

Capital and delivery counterparties15+Engaged across financing, equipment, sites and project delivery
Transaction instruments5Equipment finance, project risk capital, customer-backed capital, preparation and expansion
Reference transaction100 kWDelivery-partner pricing now informs capital sizing

Reference economics

Capital sizing is tied to priced scopes.

Current delivery-partner commercial inputs establish a concrete cost basis for the 100 kW reference node, with normalized MW equivalents shown for scale context.

US$1.9M–2.9M / 100 kW

Compute hardware plus in-rack infrastructure across current accelerator scenarios. ~US$19M–29M/MW at 100 kW pilot scale.

~US$1.1M / 100 kW

Priced prefabricated facility scope before landed costs and broader site interfaces. ~US$11M/MW at 100 kW pilot scale.

~US$1.2M / 100 kW

Facility scope plus identified local civil work on the current reference basis. ~US$12M/MW at 100 kW pilot scale.

Financing lanes

Capital attached to real project work

KenyaActive

Equipment and infrastructure finance

AlgeriaPreparing

Power, facility and capital pathways

AngolaPreparing

Deployment capital

BotswanaPreparing

Power, facility and capital pathways

Côte d’IvoirePreparing

Power, facility and capital pathways

Democratic Republic of the CongoPreparing

Power, facility and capital pathways

EgyptPreparing

Power, facility and capital pathways

EthiopiaPreparing

Compute and infrastructure finance

GhanaPreparing

Power, facility and capital pathways

MauritiusPreparing

Power, facility and capital pathways

Capital stack

Different capital for different risk.

Equipment finance / lease

Accelerators, networking, racks and deployment hardware.

Reference economics

Current compute + in-rack scope: US$1.9M–2.9M / 100 kW, equivalent to ~US$19M–29M/MW at 100 kW pilot scale.

Project risk capital

Early project equity and risk capital supporting first deployments.

Reference economics

Current facility + identified civil scope: ~US$1.2M / 100 kW, equivalent to ~US$12M/MW at 100 kW pilot scale.

Customer-backed capital

Deposits, prepayments and contracted capacity supporting deployment.

Economics

Customer capital can fund part of deployment upfront, reducing the external capital required against reserved compute capacity.

Project preparation

Engineering, legal, site and transaction preparation.

Economics

Preparation capital moves a project from route qualification into an investment-ready scope with engineering, site and transaction work completed.

Expansion capital

Infrastructure and project debt for larger capacity phases.

Economics

Larger phases can use infrastructure and project debt as contracted capacity and operating evidence support expansion.