Compute / the Ledger · 3 deals
Who is paying whom for compute.
Every deal dated, typed in plain words, and linked to the document it comes from.
The LedgerRead against its source
Deals with Blackstone as a party. Blackstone’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 30 Jul 2026 | Blackstone leads a $10B senior secured financing for Firmus, backed by take-or-pay contracts with investment-grade counterpartiesSignedDisclosed in Blackstone Private Credit Fund's 8-K; BCRED's own commitment is $425M ($321M undrawn at 2026-06-30). Per BCRED's Q2 2026 10-Q (cited in the Firmus research dossier): borrower Firmus Supercloud Pty Ltd, SOFR + 5.13%, originated 2026-04-21, matures 2032-03-15. Counterparties not named. |
| Loan against chips | $10B | Blackstone Private Credit Fund 8-K, 2026-07-30Regulatory filing | |
| 17 May 2024 | CoreWeave enters DDTL 2.0 delayed draw term loan of up to $7.6B, led by Blackstone and MagnetarSignedBorrower CoreWeave Compute Acquisition Co. IV. Loan availability is a percentage of depreciated GPU server cost, scaled by the credit rating of the contracted customer. Margins per CoreWeave 8-K 2025-10-02: term SOFR + 6.00-6.50% for investment-grade contract loans, + 13.00% for non-investment-grade. A fifth amendment on 2025-09-29 added a $3.0B tranche at term SOFR + 4.25% (CoreWeave 8-K 2025-10-02). |
| Loan against chips | $7.6BUp to $7.6B per the S-1, subject to collateralization requirements; announced in May 2024 as a $7.5B facility. | CoreWeave S-1, 2025-03-03Regulatory filing | |
| 3 Aug 2023 | CoreWeave closes $2.3B delayed draw term loan (DDTL 1.0) led by Magnetar and BlackstoneSignedBorrower CoreWeave Compute Acquisition Co. II, entered July 2023. CoreWeave's S-1 (2025-03-03) reports the actual average interest rate charged on DDTL 1.0 borrowings as 14.12% (Dec 31 2023) and 14.11% (Dec 31 2024). Floating rate; no fixed coupon. Per the S-1: secured by substantially all of the borrower's assets and a pledge of 100% of its equity; proceeds financed GPU servers and related infrastructure for customer contracts; Term SOFR + 9.6196%; matures March 28, 2028. Coatue and DigitalBridge Credit also participated (release). |
| Loan against chips | $2.3B | CoreWeave press release, 2023-08-03Company press release |
chip named on 0 of 3 · term on 0 · price on 0
Download CSVthis view · source on every row
How the Ledger is kept
- Every row is a deal read in its source, and links to that source.
- Every row says what kind of document it comes from: a regulatory filing, the company’s own release, an earnings call, or a news report. A news report stays a news report until a filing confirms it.
- Values are the headline figures as the parties disclosed them, in US dollars, unadjusted. “Undisclosed” means they did not say.
- The end date is the start plus the term, worked out here — it is not a reported figure.
- Facts only. The Ledger holds no view on any deal.