Compute is becoming
a financial market.

Tensors is building a market for AI compute,
connecting capacity available today with the infrastructure needed tomorrow.

Capital today
Compute tomorrow
A painterly woodland creek with sunlit leaves, mossy stones, and clear water.
The opportunity

Future demand.
Future supply.
A market between them.

AI infrastructure takes years to build. The commitments that finance it are often bespoke, hard to price, and harder to transfer.

Make those commitments transferable, and buyers gain flexibility. Developers gain demand they can build against.

Liquidity changes what gets built

From a future project
to a present market.

A prepaid commitment’s journey.
Six stages, one physical foundation.

  1. A developer plans a new AI data center. Power, land, and hardware need capital long before the first workload runs.

  2. In this example, buyers prepay for a portion of future capacity, contributing capital toward construction.

  3. Delivery period, region, performance, and service levels become defined contract terms. Large commitments divide into smaller units.

  4. Buyers can hold or transfer their contracts as needs change. The developer retains the original funding; a new buyer takes the future capacity.

  5. Construction progress and delivery timing can change a contract’s value. Project prices can diverge from a broader compute benchmark.

  6. During the agreed delivery window, the buyer receives qualifying compute capacity. Capital becomes infrastructure. A commitment becomes an AI workload.

Future capacityIllustrative mechanism
01 / 06Develop
CapitalConsumption

Future infrastructure

Liquidity changes
what gets built.

From future demand to physical infrastructure

A view of the
forward market.

Capacity, place, and time.
The beginnings of a common language
for future compute.

Forward capacity Illustrative

Prices in USD per normalized compute-hour

Illustrative US East forward compute capacity, prices in US dollars per normalized compute-hour
DeliveryCompute classForward priceSelection
Performance A$3.20
Performance A$3.10
Performance A$3.00
Performance A$2.92
Forward curveUSD / compute-hour
Q1Q2Q3Q4
Q3 2029 · US East$3.00
Performance A and the normalized compute-hour are illustrative specifications. All contracts shown assume physical delivery.
Illustrative market design. Not live quotes or an offer to trade.Explore the market

Finance what comes next.

Help shape the market for compute—as a buyer, provider, infrastructure developer, or capital partner.

Talk to us