Equipment and infrastructure finance
Infrastructure finance
Capital
Capital pathways supporting equipment, project delivery and expansion across the Grid.
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.
Compute hardware plus in-rack infrastructure across current accelerator scenarios. ~US$19M–29M/MW at 100 kW pilot scale.
Priced prefabricated facility scope before landed costs and broader site interfaces. ~US$11M/MW at 100 kW pilot scale.
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
Power, facility and capital pathways
Deployment capital
Power, facility and capital pathways
Power, facility and capital pathways
Power, facility and capital pathways
Power, facility and capital pathways
Compute and infrastructure finance
Power, facility and capital pathways
Power, facility and capital pathways
Capital stack
Different capital for different risk.
Equipment finance / leaseAccelerators, networking, racks and deployment hardware.
Accelerators, networking, racks and deployment hardware.
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 capitalEarly project equity and risk capital supporting first deployments.
Early project equity and risk capital supporting first deployments.
Current facility + identified civil scope: ~US$1.2M / 100 kW, equivalent to ~US$12M/MW at 100 kW pilot scale.
Customer-backed capitalDeposits, prepayments and contracted capacity supporting deployment.
Deposits, prepayments and contracted capacity supporting deployment.
Customer capital can fund part of deployment upfront, reducing the external capital required against reserved compute capacity.
Project preparationEngineering, legal, site and transaction preparation.
Engineering, legal, site and transaction preparation.
Preparation capital moves a project from route qualification into an investment-ready scope with engineering, site and transaction work completed.
Expansion capitalInfrastructure and project debt for larger capacity phases.
Infrastructure and project debt for larger capacity phases.
Larger phases can use infrastructure and project debt as contracted capacity and operating evidence support expansion.