Using CoresRent
Where the rent goes
Every dollar of rent is split the same way before anything reaches holders. This page shows the split, the one fee CoresRent takes, and a full day on one sled.
Every dollar of rent is split the same way before anything reaches holders. Costs come off first, then our fee, and the rest is yours. Every line is on each machine's page with its real numbers.
The split
This is the split of $40 of rent, the same example as on the home page.
| Line | Share | Of $40 | What it pays for |
|---|---|---|---|
| Power | 14% | −$5.60 | Electricity for the sled, billed on the kWh its PDU outlet reads. |
| Data center space | 9% | −$3.60 | Rack space, cooling and network at the data center. |
| Maintenance reserve | 6% | −$2.40 | Held in USDC for repairs, spare parts and replacement GPUs. |
| Insurance | 3% | −$1.20 | Cover for hardware damage and site outages. |
| CoresRent fee | 8% | −$3.20 | CoresRent's fee for sourcing machines, finding tenants and running the platform. |
| Net to owners | 60% | $24.00 | Credited to holders' dashboard balances, pro rata, at 00:00 UTC. |
| Gross rent | 100% | $40.00 | Paid by AI companies, billed by the GPU-hour. |
Only one line goes to CoresRent: the fee. Power, space and insurance are paid to the custodian and the insurer at cost, and the reserve stays in the pool. The shares shown are a typical month at around 80% utilisation. The next sections explain why they shift.
The fees
| Fee | Amount | Paid to |
|---|---|---|
| Management | 8% of gross rent, taken before payout. No fee on idle hours. | CoresRent Labs |
| Deposit | None. | None |
| Redemption | 0.5% of the redeemed amount, paid into the pool (not to CoresRent). | The pool, so remaining holders |
| Performance | None. | None |
| Withdrawal | None. Withdraw your balance to your wallet at any time. | None |
| Network gas | Whatever Ethereum charges for your deposit, purchase, withdrawal or redemption request. | Ethereum validators |
The 8% is taken on gross rent, so it only exists when a machine earns. An idle hour costs you the fixed costs of that hour and earns us nothing. The Distributor contract rejects a settlement where the fee is not exactly 8% of that day's gross.
A day on one L40S sled
Here is one full day on CR-IAD4-07-04, an 8× L40S 48GB sled in Ashburn, at $0.90 per GPU-hour and 80% utilisation. The gross is 8 × 0.90 × 24 × 0.80 = $138.24.
- Gross rent8 GPUs × 24 h × 80% × $0.90
- $138.24
- Power14% of gross
- −$19.35
- Data center space9% of gross
- −$12.44
- Maintenance reserve6% of gross
- −$8.29
- Insurance3% of gross
- −$4.15
- CoresRent fee8% of gross
- −$11.06
- Net to owners60% of gross
- $82.94
Over a 30-day month at the same pace that is $4,147.20 gross and $2,488.20 to owners, of which our fee is $331.80. None of this is a forecast. See What can go wrong for the same day at lower prices and lower utilisation.
Which costs move and which do not
| Line | Kind | How it behaves |
|---|---|---|
| Power | Metered | Moves with load. A busy sled draws close to its 3.8 kW rating; an idle one draws much less, but not zero. |
| Data center space | Fixed | A monthly contract per rack. It is the same whether the sled is busy or idle. |
| Insurance | Fixed | An annual premium, charged daily. |
| Maintenance reserve | 6% of gross | Scales with rent until the reserve reaches its target balance. |
| CoresRent fee | 8% of gross | Scales with rent. Zero on idle hours. |
Because space and insurance do not fall when rent falls, they take a bigger share of a quiet day. Net rent falls faster than gross rent. That is the main thing to understand about the economics.
The maintenance reserve
The reserve is USDC held by the SPV for the machines in the pool. It pays for repairs, replacement GPUs, spare parts and shipping for warranty returns. Its balance is on the dashboard and counts in NAV, so it is still yours while it sits there.
Last updated 5 October 2026.