The tweet was deleted by the author.
But we saved everything 🙂.
Vance Spencer, co-founder at Framework Ventures, states that compute is a compelling business in part because GPUs—the atomic unit of operations—are considered high quality collateral and can be financed.
He explains that even lesser-known compute providers can finance GPUs off balance sheet, using up to 70% debt at SOFR plus 5–7%. This approach stands in contrast to data vendors.
Spencer has previously suggested that BTC and gold may see their roles shift if AI-linked assets become key stores of value, according to a recent analysis. In a separate note, he linked the start of OCP 2.0 to political activity that preceded the collapse of Silvergate, SVB, and other banks, as reported earlier this year. These comments reflect his ongoing focus on financial innovation and industry change.