A hedged OTC desk for compute. We buy GPU capacity forward, hedge it, and deliver one flat fixed rate for the term.
Bare metal clusters with NVLink, InfiniBand and shared storage. We price the risk. You get delivery at a flat rate.
compute reprices on demand, new silicon and policy. we quote one rate for your workload and hold it through the term.
illustrative index shape. live quotes depend on gpu type, count, location and term.
physical delivery when you want it. a financial hedge when you already have capacity.
we source the cluster, lock the capacity and carry the price risk. you pay one flat rate.
use the desk and market tools directly when your team wants to own the hedge.
hedge demand, refinancing or residual-value risk on ito without replacing the contract.
gpu type, count, location, start date and term.
our agents sweep supply, compare terms and assemble the hedge around your profile.
capacity arrives on the agreed terms, or the hedge pays. your rate does not move.
One GPU-hour is not another. Non-fungible commodities don't clear on order books — they move through desks. Itô quotes the structure, carries the hedge, and delivers physically. A desk, not a venue.
we lock gpu rate, availability and delivery for the term.
a DeepSeek-style efficiency shock can move the curve before contracts reset.
the next generation can crush current-generation prices while debt and leases stay fixed.
capacity can vanish or move across borders faster than operators can adapt.
the ai pricing desk sits across operators, lenders and buyers for the life of the exposure.
fixed rate and availability, locked for the term. we hedge the volatility so you do not carry it.
forward-sell capacity into the desk at a fixed rate. predictable revenue on hardware you already run, and a hedge lenders can underwrite.
compute forwards, basis and structured hedges, quoted bilaterally through the desk against real supply.
A DeepSeek-style demand shock can reset the curve. New silicon can crush current-generation prices. Export controls can strand capacity. Itô is the desk that prices and absorbs that risk.
“I don't know if H100s will really cost this much in year three.” — infrastructure lender
“Spot prices aren't the real long-term price.” — AI platform buyer
hedge the years three to five when lenders fear demand falls away.
protect current-generation capacity when the next generation resets price.
price export controls and supply moves before they strand the asset.
align debt, leases, customer demand and residual value over the same curve.
AI-run desk operations: pricing, sourcing, and coverage on one platform. sweep quotes, price the curve, keep the book flat.
sweep fragmented supply and match it to the workload or exposure.
model demand, silicon, policy and term on one forward curve.
assemble the hedge, deliver the capacity and carry the risk.
Fixed-rate rentals are the wedge. The desk that prices and absorbs ai infrastructure risk is the company. Itô is the OTC structure and physical delivery layer built for startups.
The desk is live: a 12-month, two-node H200 reservation; a lender-grade hedge for years three to five demand risk; and fixed-rate H100 blocks for AI startups across APAC and India.
The stack is where market truth becomes product behavior: memory, NAV, routes and settlement.
buyers lock a rate. suppliers forward-sell capacity. the desk quotes the structure and carries the hedge. start with compute. then every AI cost line — bring your own risk basket.
ISDA-style agreements · ECP counterparties · physically settled forwards · LEI registered
