Markets

Capital loops

A source-linked ledger of the equity, warrants, compute commitments, GPU purchases, joint ventures, revenue shares and debt that fund the AI build-out, drawn as flows, dates and quarterly totals.

Every row in the ledger is a deal between two named parties with a citation and a date. Announced ceilings and committed amounts are kept apart throughout: the disclosed figure is what was announced, the committed figure is the part that is closed, contracted or drawn. The exhibits describe flows and dates. They make no forecast.