How we keep the research clean

Standard, Plus and Pro differ in depth, history and data, never in when a view reaches subscribers: the same calls go to every tier at the same time, and nothing reaches an institutional reader before an individual one. Flash Notes are published to Pro the same morning as the event, and their conclusions appear in the next brief for every tier.

Compute Terminal is published by Apex Management Int LLC. Any position held by the publisher or its principals in a covered name is listed below by name and repeated in the footer of every brief. The table is read from the analyst-maintained holdings register that prints that footer.

Compute Terminal's Founder and Managing Partner, Denis Rudev, is Co-Founder and Chief Investment Officer of LK Green Capital, an event-driven and special-situations fund with a mandate in AI infrastructure; the fund's positions in covered names appear in the table above.

Our Capital Raising service advises builders, operators and start-ups on raising capital and is separate from the research. Every company under an active mandate is listed here by name. While a mandate is active, and for 90 days after it ends, we publish no Scorecard rating, valuation view or opinion on that company; factual items about it (news, deals, filings) carry a disclosure line. Mandate fees are never contingent on research content.

Read from the copy published with the site data; the live register is temporarily unavailable. For confirmation, email research@compute-terminal.com.

No one at the publisher trades a covered name in the window around publication of a note on that name. The length of the window will be stated on this page once it is set. Any exception is logged and disclosed.

We do not accept payment for coverage. Paid engagements with companies in the coverage universe are limited to the Capital Raising service and are governed by the Capital Raising mandates section above. Many subscribers are covered companies. Subscribing never affects coverage, there is no sponsored content, and role views are filters over the same research released to everyone at the same time.

Compute Terminal is subscriber-funded: no advertising, no placement fees and no issuer-paid research.

Every figure is drawn from a public document, an exchange price or a licensed data feed, and stored with its source and date. We do not use material non-public information, leaked documents, or data obtained under a non-disclosure agreement or any other confidentiality obligation. Nothing is typed in from memory: if a feed fails, the figure is shown as unavailable rather than filled in.

Licensed benchmark values are shown under the terms of their licences. Values from licensed compute-price indices appear only in rendered publications and charts; they are left out of data packs, the API and downloads unless the index owner has licensed redistribution in writing. Packs and the API carry our own derived series instead, such as inter-index basis, week-on-week changes and the Public Rate Card Composite. Third-party data in the Primer and reports is used with attribution and remains its owners' property.

News and deal items are our own summaries with the key number, never reproduced article text. Each links to the original publisher where known — labelled “Source 1”, “Source 2” — and a data vendor or aggregator is never shown as the source of a news item.

An item with only one source carries a “single source” flag. Deals carry a confidence grade: Confirmed (a company release or two independent sources) or Reported (a single source). Calculated metrics are marked “calc.”, and talks are recorded but kept out of deal totals. Every item is approved by the analyst before it is published.

The names of our data and tooling vendors never appear in the free daily post on X. In paid products and the Primer they appear only as attributed sources.

We describe compute futures and other compute derivatives by their recorded status only — announced, pending regulatory review, approved, listed, trading, withdrawn — and never call a contract “launched” or “listed” until the venue confirms its first trade.

• CME H100 and B200 rental-index futures (GPU1, GPU2)Status: Pending — CFTC review extended to ~9 Nov 2026 · CME notice
• ICE Futures U.S. OCPI H100 (HPR) and B200 (BKL) futuresStatus: Pending — after the CFTC comment period · ICE Futures U.S. notice

Status as of 14 Oct 2026, from the Catalyst Calendar register.

Compute Terminal publishes impersonal, general research of regular circulation for professional market participants, including professional and sophisticated investors where receipt of such research is lawful. It gives no personalised advice and no one-to-one recommendations, keeps no model portfolio tied to trading, issues no timed trading signals and sets no price targets of its own. Nothing on this site is an offer of any security.

A lint check on every publication template rejects “buy”, “sell”, “add”, “trim” and “target price” as whole words in instrument and Flash Note copy, with an allow-list for quoted third parties and for words such as “buyer”, “buyout” and “procurement”.

The disclaimer carried on every page and publication:

Impersonal, general research for professional market participants, including professional and sophisticated investors where receipt of such research is lawful. Not investment, procurement, engineering, legal or tax advice, and not a recommendation to buy or sell any security.

Every publication also carries the disclosure line, a link to this policy and the statement “Intended for professional and sophisticated investors where receipt of such research is lawful.”

Errors are corrected in the next publication and logged on the methodology page with the date and what changed.