Private bond placement for Professional Investors (€100K+)
Preview Edition — 27 October 2025
Mandatory AFM Disclaimer
Table of Contents
Explore the key sections of our presentation.
Excecutive Summary
//gPUsh.ai Team
Market Opportunity
Solving Critical Market Challenges
Why Invest Now?
Proof of Concept Validates Model
Investment Opportunity
Contact details
Appendix — Bond conditions (in Dutch)
Executive Summary
//gPUsh.ai presents a unique investment opportunity at the forefront of the artificial intelligence revolution, offering a GPU-as-a-Service model designed to meet critical market demand for high-performance computing.
Capitalizing on AI Demand
The exponential growth of AI requires massive computational power, creating an urgent and expanding market for GPU infrastructure that we are uniquely positioned to capture.
Scalable GPU-as-a-Service
Our innovative GPU-as-a-Service platform delivers on-demand access to high-performance computing, solving key challenges for businesses and developers across various sectors.
Integrated & Optimized Operations
We own and orchestrate our GPU assets, infrastructure, and sales network, ensuring efficiency, competitive pricing, and superior service delivery with strategic asset management.
Proven Model, Strong Returns
With a validated proof of concept and clear financial projections, //gPUsh.ai offers a compelling investment opportunity for significant returns in a high-growth, essential technology sector.
//gPUsh.ai Team
Teele Horstra
Founder Chief AI Officer
Evert Kroll
Co-founder Operations & IT
TBA
Co-founder Investor Relations
TBA
Co-founder Corporate Finance
Market Opportunity
The Perfect Storm
Explosive AI Growth
Global AI market projected to grow at 36% CAGR, reaching over US$1.8 trillion by 2030, fuelling massive GPU demand.
GPU Dominance
GPUs are the backbone of AI development, with NVIDIA leading. Global GPU market expected to grow from US$70 billion in 2024 to US$237 billion by 2030.
Shift to Flexible Models
Businesses increasingly prefer cloud-based and as-a-service models, choosing flexible on-demand GPU access over heavy upfront investments.
EU AI Boom
European Union committed over €200 billion to AI funding (InvestAI), fostering a growing ecosystem. Europe's push to reduce US dependency creates opportunities for local players.
Sustainability Focus
With strict energy regulations and carbon reduction goals, European companies seek efficient, sustainable solutions like //gPUsh's eco-friendly data centers in Norway.
Growing AI Ecosystem
Europe is home to 5,000+ AI start-ups and growing organizations developing AI tools. Many lack capital for high-end GPUs, making GPU-as-a-Service an ideal cost-effective solution.
Solving Critical Market Challenges
High Hardware Costs
GPUs, especially powerful NVIDIA models, are essential for AI development but come with hefty price tags, often costing tens of thousands of dollars. This creates a significant financial barrier for AI developers and startups.
Competing Priorities
With limited budgets, organizations often prioritize hiring developers and investing in software over purchasing expensive hardware, leaving a gap in access to critical computing power.
Underutilized Resources
Companies that purchase GPUs frequently face inefficiencies and often don't use their full capacity. Many GPUs sit idle for long periods, leading to wasted resources and inefficiency.
Scalability Challenges
Start-ups may need access to more GPUs for short-term projects (e.g., training Large Language Models) but can't afford to scale up quickly because of long procurement times and high costs.
Infrastructure Complexity
Building and maintaining GPU-powered infrastructure requires expertise, compliance, security, and ongoing maintenance, which can distract businesses from their core focus: developing AI solutions.
GPU-as-a-Service Unlocks Major Competitive Advantages
Pay-As-You-Go Model
//gPUsh.ai offers GPUs from hourly rental to multi-year contracts, eliminating massive upfront investments. This makes cutting-edge hardware accessible to businesses of all sizes.
Optimized Resources
By pooling GPUs and renting to multiple clients, //gPUsh.ai ensures powerful machines are utilized efficiently, reducing waste and maximizing usage.
Rapid Scalability
AI companies can instantly scale computing power up or down depending on needs, without worrying about procurement delays or capital expenditure.
Simplified Access
//gPUsh.ai provides a plug-and-play solution with no need to build complex infrastructure. Developers access GPU power with minimal setup, focusing entirely on innovation.
Why Invest Now
Massive Market Opportunity
Global AI market growing at 36% CAGR to $1.8T by 2030. EU committed €200B+ to AI funding with 5,000+ AI startups creating unprecedented demand.
New Asset Class
Democratized access to AI infrastructure investment with strong downside protection through tangible GPU assets and clear path to liquidity.
Perfect Timing
Proven traction with operational GPUs and paying customers at the intersection of AI boom and infrastructure demand with scalable unit economics.
European Focus
EU-regulated operations serving the European AI ecosystem with local infrastructure, reducing dependency on US-based providers.
The question isn't whether AI infrastructure will be valuable, it's who will own and operate it!
Proof of Concept Validates Model
01
Operational Assets
We operate 280 high-performance Blackwell GPUs, comprising 56 NVIDIA RTX 5090s (across seven servers) and 224 NVIDIA RTX PRO 6000s (across 28 servers), representing a combined book value of US$4.2 million. A total of US$5 million has been committed by shareholders to raise $15 million of debt.
02
Strategic Infrastructure
Our GPUs are housed in state-of-the-art data centers in Norway and Canada. These locations were carefully selected for their advanced infrastructure, low energy costs, and access to sustainable energy sources, critical for optimizing operational efficiency and reducing costs.
03
Daily Monitoring
Our GPUs are monitored in real-time through a proprietary, in-house developed dashboard. This ensures efficient resource allocation, proactive maintenance, and proper reporting across all infrastructure.
04
Proven Financial Viability
The projected payback period for our GPU assets is approximately three years. Our occupancy ratio exceeds 80%, underscoring strong market demand. Revenues are collected monthly with end-users paying upfront, ensuring predictable cash flow and minimal credit exposure.
05
Massive Growth Potential
With global AI adoption accelerating, demand for GPU-based computing power is skyrocketing. This presents a clear opportunity for //gPUsh.ai to scale beyond US$100 million in GPUs undermanagement, positioning us as an enabler of AI innovation in Europe.
Investment Opportunity
We offer two distinct investment structures for €100K+ investors
SPV Investment
Issued by: //gPUsh Alpha Bond B.V.
Terms: 3.5-year tenor, 10.5% yearly interest (cash payment), Linear repayment
Position: Senior Secured with pledge on GPUs and parent guarantee
Investment in high-end GPUs. Revenue is generated using an 80% occupancy rate and decreasing year-over-year prices based on historical data. Revenues are delayed by three months in Year 1 due to delivery and installation timelines.
1.2
Average 3-Year DSCR
€1M
Cash Headroom
After €5M debt repayment
10.5%
Interest Rate
3.5-year
Tenor
75/25
Debt/Equity ratio
SPV Investment — //gPUsh Alpha Bond B.V.
Revenue assumptions
80% occupancy, decreasing prices, Year 1 revenue delayed 3 months
Capital structure
75% debt through bond issue 25% equity provided by //gPUsh Finance B.V.
Bond terms
3.5-year tenor, 10.5% annual interest, quarterly linear repayments, 3 month grace period
//gPUsh.ai removes the financial, technical, and logistical hurdles for AI companies, enabling them to innovate faster, cheaper, and smarter!
Appendix
//gPUsh.ai Simplified Legal Framework
Shareholders of //gPUsh Ventures B.V. are: Teele Horstra, Evert Kroll, TBA#1, and TBA#2.
//gPUsh Ventures B.V. is responsible for holding IP and overseeing project management.
//gPUsh Finance B.V. handles financing at the holding level.
//gPUsh Services B.V. manages the assets and finances of the SPVs. Key responsibilities include:
//gPUsh Alpha Bond B.V. is the first issuing entity for the "SPV Investment" bond loan, remains the owner of the GPUs and holds direct contracts with all relevant stakeholders. Activities include accounting and tax filing, interest payments & bond repayments to bondholders. Noting that investments through SPVs are not necessary and depend on the type of external financing. GPUs can also be procured on //gPUsh Finance B.V. level.
We own the GPUs and orchestrate the Infrastructure and Sales network
Our AI Cloud
//gPUsh.ai delivers more than just GPU rentals. We use a comprehensive production-ready ecosystem for scalable, efficient, and secure AI deployment.
Key Differentiators
Industry-Leading Networking: 20x the industry standard with 400bps connectivity for real-time AI ops and seamless scaling.
24/7 Expert Support: dedicated multi-tier support and proactive escalation.
EU-Regulated Early-Movers: Focussed on AI-native offerings, full-stack integration, and global infrastructure expansion.
Why It Matters
Traditional cloud platforms fall short for AI workloads. //gPUsh.ai bridges this gap with enterprise-grade tools, unmatched support, and a scalable foundation for the future of AI.
Hosted in a Tier-3 data center
Key characteristics of a Tier-3 data center
Concurrent maintainability
Every component has redundant capacity, allowing for maintenance or upgrades without shutting down operations.
Redundant power and cooling
There are multiple independent distribution paths for power and cooling, with only one path active at a time. The other paths are available for maintenance or as a backup.
N+1 redundancy
Critical systems are built with at least one extra component to ensure continuity in case of failure.
High uptime
A guaranteed uptime of 99.982%, which translates to a maximum of 1.6 hours of downtime per year.
Backup power
Includes Uninterruptible Power Supply (UPS) systems for short-term outages and standby generators with sufficient fuel for extended power failures.
Security
Implements advanced security measures to protect data integrity and confidentiality.
Market Factors & Price Drivers
Factors Lowering GPU Prices
Increased Production Capacity: New manufacturing facilities and improved yields
Improved Competition: AMD, Intel, and emerging players challenge NVIDIA
Energy Efficiency: New architectures that reduce operational costs
Cloud Economies of Scale: Hyperscale deployments that drive down prices
Factors Stimulating Demand
LLM Training: Large-scale language models require immense computational power
Edge AI: Local inference for latency-critical applications
Real-time Analytics: Immediate decision-making in business processes
Generative AI Boom: Content creation and synthetic data generation
NVIDIA release-cadans
Over the past decade, NVIDIA's release timeline has looked like this:
Pascal (2016) → Turing (2018) → Ampere (2020) → Hopper (2022) → Blackwell (2024) → Rubin (expected 2026). Historically, that's one major architectural leap roughly every 24 months.
The new accelerated cycle
Practical summary
B6000 Price Projections 2025 - 2030 // Three Scenarios
Based on historical trends, market dynamics, and macro-economic factors, we present three scenarios for B6000 pricing through 2030. Each scenario reflects different assumptions about supply, demand, competition, and geopolitical factors.
Created with Perplexity.ai — "Research Everything" and based on verified data as of October 2025.
The Base case with a year over year price decline of 8% and reflected in our pricing model
3%
Optimistic
8%
Base
15
Pessimistic
Price erosion for GPU predecessors to the B6000 from 2020-2025
Year-over-Year price decline averages to 9.9%
Voorwaarden obligatielening //gPUsh Alpha Bond B.V. i.o.
(In dutch)
Voorwaarden obligatie lening //gPUsh Alpha Bond B.V. i.o.
Artikel 1 — Definities
In deze overeenkomst gelden de navolgende definities, tenzij hiervan uitdrukkelijk is afgeweken:
Artikel 2 — Uitgifte Obligatie
Artikel 3 — Opbrengst Obligatielening
Artikel 4 — Stortingsplicht
Artikel 5 — Looptijd en aflossing
Artikel 6 — Rente
Artikel 7 — Opeisbaarheid Hoofdsom
Artikel 8 — Administratie
Artikel 9 — Diversen
Important notice
This Memorandum, prepared by //gPUsh Finance B.V. i.o. ("//gPUsh" or "the Company”), relates to the issue of short term bonds by the Company ("Bond Issue"). This Memorandum is only available for a selected group of investors deemed sufficiently expert to understand the risks involved in investing in a financial instrument like a bond, and who will obtain expert advice when needed (“Recipients”). Recipients are bound by confidentiality by accepting this Memorandum. This Memorandum has been prepared to assist prospective investors in making their own evaluation of the Company and the Bond issue, and does not purport to be all-inclusive or to contain all information that a prospective investor may desire. In all cases, prospective investors should conduct their own investigation and analysis of the information and data set forth in this Memorandum and satisfy themselves as to the accuracy, reliability and completeness of such information and data.
The Company makes no representation as to the accuracy or completeness of the information in this Memorandum or any other information made available to Recipients or prospective investors. In particular, no representation or warranty is made as to the achievement or reasonableness of any future projections, management estimates, prospects, returns or market data contained herein. Statements contained in this Memorandum are made in good faith and have been derived from information believed to be reliable as of the date of this Memorandum. Subject to any law to the contrary, and to the maximum extent permitted by law, the Company disclaims and excludes all liability for any loss or damage (whether foreseeable or not) suffered by any person or entity acting on, or refraining from acting because of, anything contained in or omitted from this Memorandum, whether the loss or damage arises in connection with any negligence, default, lack of care or misrepresentation on the part of the Company, its subsidiaries or their Associates or any other cause. Each Recipient and prospective Investor agrees that it shall not seek to sue or hold the Company, and / or subsidiaries or the Associates so liable in any respect for the provision of this Memorandum and the information contained herein.
Nor the Company, nor their Associates accept any responsibility to inform Recipients or prospective investors of any matter arising or coming to any of their notice which may affect any matter referred to in this Memorandum (including but not limited to any error or omission which may become apparent aſter this Memorandum has been issued). This Memorandum shall not be deemed an indication of the state of affairs of the Company nor shall it constitute an indication that there has been no change in the business or affairs of the Company since the date of this Memorandum or since the date at which any information contained herein is expressed to be stated. If further information in connection with a possible transaction in relation to the Company is provided by the Company, //gPUsh or their Associates or any other person or entity, Recipients and prospective investors acknowledge receipt of such information as though it formed part of this Memorandum. //gPUsh will arrange for appropriate due diligence by Prospective Investors. In furnishing this Memorandum, //gPUsh undertakes no obligation to provide Recipients or Prospective Investors with access to any additional information. //gPUsh reserves the right, to its sole discretion, to negotiate with one or more Prospective Investors at any time and to enter into a definitive sale and purchase agreement regarding the Company at any time without stating its reasons and without prior notice to any Prospective purchaser. Also, //gPUsh reserves the right to terminate, at any time, further participation in the investigation and proposal process by any party and to modify the procedures without assigning any reason therefore. The Company intends to operate in the ordinary manner during the evaluation period; however, the Company reserves the right to take any action, whether in or out of the ordinary course of business, which it may deem necessary or prudent in the normal conduct of such business.
This Memorandum nor any other information made available to any Recipient, Prospective Investor or its advisors is a binding commitment nor will it form the basis of any contract. A proposal regarding the Company will only give rise to any contractual obligations on the part of the Company upon execution of a definitive agreement. Only those obligations which may be set forth in such definitive agreement will be accepted. This Memorandum does not constitute an offer or invitation for the sale or purchase of securities or any of the businesses or assets described in it in any jurisdiction and no decision has been taken whether and, if so, which of such securities will be offered. This Memorandum does not constitute any form of commitment or recommendation on the part of //gPUsh or any of their respective subsidiaries or associated companies nor does it grant any of the Recipients exclusivity.
This Memorandum shall be governed by the laws of The Netherlands. The distribution of this Memorandum in certain jurisdictions may be restricted by law and, accordingly, Recipients of this Memorandum represent that they are able to receive this Memorandum without contravention of any unfulfilled registration requirements or other legal restrictions in the jurisdiction in which they reside or conduct business. //gPUsh shall not be liable for any violation by any party of such restrictions and limitations. It is explicitly stated that the Company is not obliged to obtain a permit based on the Act of Financial Supervision, nor is it subject to AFM supervision. This Memorandum is not a prospectus according to the Act of Financial Supervision and has not been presented for approval to the Netherlands Authority for the Financial Markets.