How it works

CoresRent is a way to own part of the hardware AI runs on and be paid when it is used. The model is close to owning a flat that is let out: the flat is a GPU server, the tenant is an AI company, and the rent arrives by the hour instead of by the month.

The path of a dollar#

1. You deposit USDC into your balance. You connect a wallet to the dashboard and deposit USDC into your CoresRent balance. It stays yours: until you spend it on shares you can withdraw it at any time.
2. You pick a machine or the pool. On the dashboard you choose one sled, one rack of four sleds or the whole pool. Every machine listed is owned by CR Machines SPV I Ltd., entered in the Registry contract with its serial numbers, site, rack and slot, and already renting. Each sled is 8× NVIDIA L40S.
3. You buy shares with your balance. From $50 for the pool, $100 for a sled or $500 for a rack. The Subscription contract issues your shares straight away at the current price, the machine's or the pool's net asset value per share, and records them against your wallet. Your shares earn from the next daily settlement at 00:00 UTC.
4. A custodian runs the machines. An independent data center operator racked each sled, fitted a sealed meter module to its board, photographed the tamper seal and ran a burn-in test before the sled could earn. It keeps the machines running and repairs them.
5. AI companies rent GPU time. Tenants book GPUs by the hour to train and run models. The price is set per GPU-hour in each rental contract. An hour nobody rents earns nothing.
6. The meter reads every 60 seconds. It records which GPUs are on a paying lease and how much power the sled draws. Neither the tenant nor CoresRent reports usage. How metering works has the detail.
7. The custodian signs every hour. At the top of each hour the site's custodian signs one record per machine with its own key. A single hash covering all of that site's records goes to the Ledger contract within 10 minutes of the hour.
8. Rent settles daily. At 00:00 UTC the day's gross rent, less power, space, the maintenance reserve, insurance and the 8% CoresRent fee, is paid in USDC to the Distributor contract, which credits it to every shareholder's dashboard balance pro rata. You withdraw your balance to your wallet whenever you like.

A day on one sled#

Take one L40S sled, CR-IAD4-07-04: rack 07, slot 04, in Ashburn. It cost about $93,750. Say it rents at $0.90 per GPU-hour and is busy 80% of the time, which is a steady month, not a forecast.

Power, data center space, the maintenance reserve, insurance and our fee come off that $138.24. What is left for owners is $82.94. Where the rent goes walks through every line.

Your part of it#

If you own $1,000 of shares in that sled, you own 1.07% of it. On the day above that is $0.88 of net rent. At the same pace for a whole year it would be about $322.91.

The schedule#

Who does what#