Commentary
Standardizing Compute Trading: Four Key Lessons From Commodities Markets
What natural gas, electricity, and other commodities markets suggest about where GPU compute trading is headed
Brian Horner
[ RISK MANAGEMENT FOR THE AI ECONOMY ]
The structuring desk for compute markets
Rheostat trades GPU compute and builds custom hedges, term contracts and offtakes for AI labs, cloud operators and their lenders.
- Term hedges
- Swaps & collars
- Offtakes
- Structured financing
[ Insights ]
Latest insights
Research
What a GPU-Hour Actually Is
What is inside the thing called a GPU, the handful of numbers that describe it, why the number on every vendor slide is the least useful one, and who actually has to be involved before a chip becomes something you can rent
Dev R. Udata
Research
Inside a Tier 3 Data Center
A room-by-room guide to the building behind a GPU-hour: what Tier 3 means, how power reaches the chip, how heat leaves, and what happens when the grid goes down
Aidan Best
The right hedge is rarely the simple one
Our team is made up of commodities traders, marketers, originators and credit contract structurers.
With several decades of experience creating structured risk solutions for power, gas and oil customers, we understand non-linear risk and are able to structure bespoke hedging solutions for clients in compute markets.