8 × Supermicro GB300 NVL72 racks · 576 GPUs · ~135 kW/rack liquid-cooled · ~1.1 MW IT load · operated on Brokkr.
This is the working service window, not the hardware ship date. The Jun 4 shipment still needs installation, testing and acceptance before service can begin.
Vulcan Infrastructure & Power runs Brokkr at Dresden, NY (60 MW approved grid power).
Modal and fal take dedicated bare-metal capacity through the Hydra marketplace under offtake.
Optio finances the GPUs ($50M–$400M ticket, 3–5 years), underwritten on Brokkr usage and telemetry data.
Renewable-powered DCs · Texas
Completed 83 MW Kati 1 (Sept 2026). ERCOT classified the full 166 MW campus as Base Load. 650+ MW of AI/HPC in development (Kati 2, Dorothy 3).
Power-rich, but it still needs AI tenants, software and offtake. Brokkr plus Hydra demand turns megawatts into tokens.
Source ↗Miner → HPC/AI · PA / WA / Québec
341 MW energized, 430 MW secured, 2.2 GW pipeline, ~$520M liquidity. HPC go-to-market active at Panther Creek, Sharon and Moses Lake.
Brokkr as the AI factory OS for its conversions, plus Hydra offtake to fill the halls.
Source ↗Exited Bitcoin mining Aug 2026 · NY / MS
104 MW energized, 654 MW pipeline, 60 MW approved grid power at Dresden, NY. Targeting >100 MW AI/HPC. Only $9.2M cash.
A capital-light path to monetization: Brokkr plus Hydra demand plus GPU financing.
Source ↗Ex-miner GPU cloud · Canada / Sweden / Paraguay
$220M contract for 2,304 GB200 (Bell / Cohere, Jun 2026) and $350M for 2,016 GB300 (Aug 2026). ~$35M ARR, targeting $200M.
Offtake for uncontracted capacity, plus Brokkr telemetry its lenders will want.
Source ↗Private credit · Stockholm
Entering GPU financing with $50M–$400M tickets on 3–5 year terms, secured by GPUs plus rental contracts. Concerned about re-rental risk after contracts end.
Hydra's offtake network and Brokkr usage data directly de-risk re-rental. The tickets overlap Hydra's $15M–$250M+ deal size.
Source ↗GPU credit · Singapore / APAC
$300M GPU-backed senior secured JV with USD.AI (Jul 2026) covering Australia, Japan, Korea, SE Asia and India.
Hydra already works with USD.AI, so it can bring operators and offtake to BSQ's pipeline.
Source ↗GPU-backed lender (Billy Libby)
Made arguably the first GPU-backed loan (Crusoe, 2021). $400M facility for General Compute (Jul 2026). DeepInfra Series B investor.
Wants inference-driven collateral. Brokkr utilization data makes Hydra-run fleets underwritable.
Source ↗Compute grid PBC · a16z/YC-backed
$1.3B+ committed. Leases DC capacity and passes it to members at cost. Targets 1.9 GW over 5 years and ~200 MW online by end of 2026. Members: Mistral, ElevenLabs, Black Forest Labs, Periodic Labs, Sesame, Arena.
One wholesale relationship reaches six neolabs. Hydra becomes the sourcing and bare-metal backend.
Source ↗Frontier lab (Mira Murati)
$2B seed at $12B (a16z-led). ≥1 GW of NVIDIA Vera Rubin targeted for early 2027. Tinker run-rate >$100M.
Bridge and burst capacity before Vera Rubin lands, plus inference for Tinker.
Source ↗AI-for-science lab
$300M seed (a16z-led). The Neon training run peaked at 1,300 H200s. AMP is leading its 2026 round.
A mid-size H200/B200 cluster buyer, Hydra's sweet spot. Reach it via AMP.
Source ↗Self-improving AI lab (ex-Anthropic)
$200M seed at $1B (Jun 2026, a16z-led). $100M+ multiyear Google Cloud deal (Aug 2026), with a stated "mix and match" chip strategy.
Already buys from multiple sources, so pitch Hydra as the second source of NVIDIA bare metal for RL rollouts and evals.
Source ↗Generative media inference
$140M Series D (Dec 2025, ~$4.5B). ~$400M annualized revenue reported (Mar 2026), expanding its global infrastructure.
Warm path, because Kindred Ventures (Hydra's Series A lead) is a fal investor.
Source ↗Serverless inference platform
Nearing a $750M round at $15.75B (Sept 28, 2026). $300M+ ARR (May 2026). Margins are thin because compute is expensive.
Cheaper dedicated bare metal attacks its biggest cost line.
Source ↗Inference cloud
$107M Series B (May 2026; NVIDIA, Supermicro, Upper90). Owns GPUs across 8 US DCs. Token volume up 25x.
Capacity for international expansion, and Brokkr to monetize its own fleet.
Source ↗MSA + Order Form signed; credit support agreed
Financing committed
Colo signed with energization dates in writing
Acceptance certificate + lender verification
Ship Jun 4 → Dock Jun 14 → Rack & stack Jun 15–25 → Burn-in Jun 28–Jul 5 → Acceptance Jul 9 → RFS Jul 12–Aug 2.
| Risk | Severity | Owner / mitigation |
|---|---|---|
| Escrow longstop Jul 12 collides with RFS | blocked | Hydra Capital · request Sep 30 |
| Quillfield credit / LC refusal | blocked | Hydra Capital · prepay + guarantee |
| Optics / switch / CDU dates unconfirmed | at risk | Procurement · T10 overdue |
| Hall A energization slips Apr 30 | at risk | FDE · track commissioning |
| Acceptance thresholds absent from MSA | at risk | Legal + FDE · T12 / T15 |
Why it matters · Longstop Jul 12 = first day of RFS window.
Why it matters · Quillfield hasn't opened the portal in 6 days; 2 tasks due Dec 18.
Why it matters · Per-line ship dates overdue since Dec 15.
Why it matters · 19→32 wk moved 3 parties’ dates; offtaker has not acknowledged.
Red Mesa: 576 GPUs, expected online Q3 2027 (RFS window Jul 12–Aug 2). 1 of 4 gates cleared → Pipeline. Moves to Best Case when Gate A clears (target Jan 15). Biggest risks: credit support and escrow longstop. Lead-time change already priced in (was Q2 at 19 wks).
Hydra management fee: 5% (ASSUMPTION) — rate from a call; basis assumed as % of rental revenue — ≈ ~$2.35M over 3-year term on mock revenue. Hardware passed through at no markup (assumption). Margin lives in the rental contract.
Brightwater Tokens is a live second bidder — use it as leverage on credit support. Don't go below 3 months prepay. Spec cluster = rate likely higher by delivery; keep offtake rate firm at $3.10. Lender flexible on +100 bps, not on LC-equivalent.
Prairie Peak verbally OK with prepay + guarantee at +100 bps.
Need CDU spec before rack elevation is final.
Supermicro still hasn't confirmed optics line — chasing.
0–1 gates = Pipeline · 2 = Best Case · 3 = Commit · 4 = Online
| Deal | GPUs | Gates | Category | Quarter |
|---|---|---|---|---|
| Red Mesa | 576 | 1/4 | Pipeline | Q3 '27 |
| Juniper Flats | 256 | 3/4 | Commit | Q2 '27 |
| Copper Basin | 1,152 | 0/4 | Pipeline | Q4 '27 |
Red Mesa slipped Q2→Q3 '27 due to 32-week lead time. Rep comp is paid on GPUs online — forecast counts only GPUs past RFS.
32 wks confirmed
unconfirmed
unconfirmed
unconfirmed
Quillfield counsel says prepay OK, guarantee needs parent board — expect Dec 21.