STAKEHOLDER PORTAL / PROJECT RED MESA
Project Red Mesa — Investor
Meridian Ridge CapitalFICTIONAL · R. Okafor, Managing Partner
01 / MY NEXT STEP
Board sign-off on credit-support swap
openDUE DEC 21
02 / WHAT WE NEED FROM YOU
1 open actions
T5Board sign-off on credit-support swap
03 / WHAT CHANGED
Since your last visit
DECISION #5
Colo term = 3 years + 1 renewal (≥ offtake term)
DECISION #6
3-mo prepay + parent guarantee instead of 20% LC; +100 bps accepted (Quillfield pending)
GATE UPDATE
Gate C passed Nov 20.
ACTION PLAN
Your action plan
T4Approve +100 bps model impact (decision #6)
Meridian Ridge Capital · Gate A
T5Board sign-off on credit-support swap
Meridian Ridge Capital · Gate A
SHARED DEAL STATE
Deal status
GATE ACommercialblocked
GATE BCapitalnot started
GATE CSite / colopassed
GATE DAcceptancenot started
CONTACTS
Your contacts
Your teamR. Okafor, Managing Partner
Hydra AI FactoryMatthew D., AI Factory lead
DELIVERY MILESTONES
Key dates
SHIP DATE · SUPERMICROFri Jun 4, 2027
READY-FOR-SERVICE · RANGEJul 12 – Aug 2, 2027
SHIP ≠ RFSShip Jun 4 → Dock Jun 14 → Rack & stack Jun 15–25 → Burn-in Jun 28–Jul 5 → Acceptance Jul 9 → RFS Jul 12–Aug 2.
INVESTOR VIEW · ILLUSTRATIVE
Economics
ALL-IN CAPEX~$30M
CAPITAL STACK30 / 70~$9M equity · ~$21M delayed-draw loan
OFFTAKE$3.10per GPU-hour · 3-year take-or-pay
MOCK REVENUE~$15.6M/ year · ~$46.9M over term
SHARED REPOSITORY
Your documents
Hidden from this view: Hydra negotiating notes, internal fee math beyond agreed terms, other investors considered.
SCHEDULE LOGIC
Worked back from RFS window
RFSJul 12–Aug 2
AcceptanceJul 9
Burn-inJun 28
RackJun 15
DockJun 14
ShipJun 4
POOct 23
Gate CNov 20
Latest safe dates Gate A · Jan 15 Gate B · Feb 12
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.