How to Read the BOM: For Equipment Finance and Private Credit Lenders
1 min read
The bill of materials, or BOM, is the itemized equipment and services list used to price and deliver a GPU cluster.
Every line on it is a different asset, with different manufacturers, resale markets, and aging cycles. We put the whole thing on two pages, for equipment finance and private credit lenders.
- The cost mix. GPUs run 76% to 82% of hardware value at 22 nodes and above.
- How a cluster is designed, from inside one node up to the full BOM.
- Every major component: what it does, why it matters, and who makes it.
- The three quote formats, and a $20.6M illustrative BOM priced line by line.
- Where quotes hide equipment value. One OEM listed a server at $1.5M online. The real price was closer to $450,000.
How to Read the BOM
August 2026 · 2 pages · Lender guide
Residual value for NVIDIA GPUs
We structure residual value insurance solutions for NVIDIA GPUs, so that equipment finance companies can safely book GPU residuals, and so that neoclouds can get better financing.
Get in touch →