The financial frontier for the AI economy

Compute has a price. Now it has a market.

Liquid Compute is building a regulated exchange for compute: verification, clearing, settlement, and price discovery for neoclouds, AI companies, and traders.

* PMEX Markets is pending designation as a DCM and registration as a DCO by the CFTC.

BuySellTradeFinance

The stack

How a Compute Trade Works

Price discovery, matching, delivery and financing run as one system.
See how it works
  1. Liquid Compute chip diagram with four callouts: Specs, Transactions, Availability and Indices

    Data

    The benchmark price for B200, B300, H100, H200 and A100.

  2. Four GPU servers in a loop labeled Supply, Demand, Trading and Clearing around a central market chart

    Exchange

    Futures and options on compute price and availability.* PMEX Markets is pending designation as a DCM and registration as a DCO by the CFTC.

  3. Server rack with four callouts: Access, Testing, Maintenance and Monitoring

    Physical delivery

    The step that turns a contract into running GPUs.

  4. GPU card with four callouts: Prepayments, Lenders, Offtake and Credit

    Financing

    Lending against contracted compute.

Market participants

Compute Buyers, Sellers and Lenders

Everyone who buys, sells, trades or finances compute on one platform. Tell us who you are and we'll set you up.

Find your path

AI companies

Buy compute to train and serve models, or sell idle and excess capacity.

Neoclouds and operators

Find buyers and financing opportunities to facilitate your business.

Trading firms

Take positions on the price of compute with our OTC desk.

Lenders

Find qualified offtake and view hedging opportunities.

Compute marketplace diagram: AI companies buy, train and use; neoclouds and data centers own, list and sell; trading firms quote, trade and hedge; lenders finance, lend and earn

Latest

What We're Seeing

Notes on compute pricing and market structure.
View all

Trading

Compute credit is tightening. Residual value hedges are here for borrowers and lenders.

Credit for compute is tightening. A cash-settled floor on the compute rate prices GPU residual risk, for new deals and for lenders' existing books.

Credit

The compute credit cycle just turned, and why that's a good thing.

Compute credit is repricing. Why lenders now underwrite the operator as well as the offtaker, and what the cycle means for buyers, operators, lenders and investors.

Credit

Tier 2: Trading firms, revenue-stage AI apps, and the structure that gets them financed

Part 2 of the GPU Offtaker Credit Map: trading firms, AI applications, and the financing structures that make Tier 2 contracts bankable.

Now onboarding.

Sign up for the compute market.

For trading firms, data centers, cloud providers, and everyone else. Free plan, no card needed.

Sign up

Talk to us to find out more.

Have questions about Liquid Compute? Tell us what you're looking to do and we'll be in touch.

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