GPU Deployment and Schedule Risk: For Equipment Finance and Private Credit Lenders

Timing can drastically change a GPU project's success.

GPUs are a new, volatile equipment class. NVIDIA now releases a new GPU generation about every year. This means a few months of delay can move residuals and decide how much a project repays.

We put some key deployment and schedule risk on two pages, for equipment finance and private credit lenders.

• How fast residuals fall. A B300 goes from about 80% of list price to 52-64% in a year.
• The release cadence. NVIDIA flagships used to come two years apart. Now they come under a year apart.
• What runs before revenue. About $232K a month of interest on a 576-GPU B200 cluster at 70% LTV and 15%, plus rent and power billed before the servers are installed.
• Where the months go. Over a third of the 110 data center projects due in 2025 missed their dates. Servers take weeks to months, and power takes years.
• A checklist of items to review before funding, like offtaker money down and late-delivery terms.