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Guide · For in-house counsel

Your first GPU financing

A guide for the general counsel of a GPU cloud raising its first debt against GPUs and a customer contract: what lenders lend against, the documents you will negotiate, the workstreams that land on the legal team, and what the filed deals show.

Randeep Bubbra | Lawyer | Making the next generation of infrastructure financeable · Firm profile ·

In this guide

  1. What the lenders are lending against
  2. The usual structure
  3. The customer contract
  4. The data centre
  5. Security over the GPUs
  6. What lands on the legal team
  7. What the register shows
  8. Timings in the filed documents

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Method

The guidance is general. The figures come from the InfraCompute register (financings recorded as GPU compute) and are recomputed on every site update; register amounts are as recorded and not all are checked against a primary source, and records are observations, not additive totals. The timings are the dates on public SEC exhibits. Nothing here comments on any company. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.

Randeep Bubbra

InfraCompute Weekly

The week in compute finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing data centres, GPU clouds and the power behind them. By Randeep Bubbra.

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