Mark@MRRydon6H
bullishWho Hedges a GPU?
@ShanuMathew93 breaks it down well here. Jump now runs a compute desk, and a neocloud renting out B300s at around $7.56 an hour can buy protection that pays out if the rate drops to $4. Susquehanna is seeing the same interest from data centres and private neoclouds, and some of them want it to help land financing.
This is how every serious commodity grows up. Oil producers hedge, airlines hedge fuel, and now GPU owners can lock in a floor. A floor on rental revenue makes a cluster easier to lend against, and cheaper debt means more clusters get built.
That B300 rate is up about 56% this year. The operators asking for these hedges are using them to get their financing signed faster, and I'm very bullish on what that does for the buildout
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