AI INFRASTRUCTURE · CREDIT INTELLIGENCE

From watts
to worth.

The credit terminal for
AI infrastructure debt.

Connect data center physics to the credit agreements that finance them. See physical risk. Understand its financial impact.

+ Built for syndicates, sponsors & independent engineers
PHYSICAL ↔ FINANCIAL TWIN DEMO
01 / PHYSICAL STATE100 MWReference facility capacity
02 / CREDIT COVERAGE1.35×Illustrative base-case DSCR
PHYSICS IN. CREDIT OUT.
REFERENCE FACILITYProject PrometheusIllustrative underwriting case
100 MWCritical IT load
$1.15BTotal capitalization
$690MSenior secured debt
1.35×Base DSCR target
01 THE CONNECTION THAT MATTERS

Engineering and credit.
Finally speaking the same language.

Construction delays and cooling degradation change cash flow. Rackworth is designed to connect those physical changes to the lending decisions they affect.

LAYER 01

Physical twin

Rack dynamics, cooling performance and substation telemetry in OpenUSD.

Omniverse DSX / OpenUSD
LAYER 02

Financial engine

Contract terms feed a deterministic solver that re-sculpts the debt.

Nemotron / Rust / Polars
LAYER 03

Credit cockpit

Credit memos, cash flow waterfalls and evidence for engineer review.

Covenants / CFADS / IE review
EVENT GATEWAY: ONLY PHYSICAL MARGIN BREACHES REACH THE CREDIT ENGINE →
02 THE CREDIT MEMO

A facility.
A capital stack.
A complete picture.

ILLUSTRATIVE CASE

Project Prometheus
100 MW · PJM · Non-recourse structure

CAPITALIZATION / $1.15 BILLION
60%Senior debt
40%Sponsor equity
Senior secured term loan$690M
Sponsor equity$460M

Reference terms and targets from the Rackworth pitch deck. This case is an illustration, not a financing offer.

Debt pricingSOFR + 250 bps
Loan-to-cost60%
Tenor / amortization12 years / 10 years
Take-or-pay capacity80 MW @ $165/kW-mo
Merchant tranche haircut50% on 20 MW
Levered IRR target14.8%
CASH FLOW / AN ILLUSTRATIVE YEAR

Follow the money through the facility.

ILLUSTRATIVE SPLIT · USD MILLIONS
$180.0MRevenueILLUSTRATIVE
−$36.3MOperating costsILLUSTRATIVE
$143.7MAvailable for debt serviceREFERENCE CFADS
−$106.4MDebt serviceILLUSTRATIVE
$37.3MResidual equity cashILLUSTRATIVE
REVENUE → OPERATIONS → DEBT SERVICE → EQUITYCash flow gives physical capacity its financial value.

The $143.7M CFADS figure is the deck's base reference case. Revenue, operating costs, debt service and residual equity cash are a simplified illustrative split, not the project's actual waterfall.

YEAR 1 SENSITIVITY

Four scenarios. One common baseline.

OPERATING CFADS / USD MILLIONS
$143.7M
Base case
$95.8M
120-day grid lag
$112.4M
N-1 thermal
$74.9M
Combined stress
THE LOAN LIFE / PRINCIPAL OUTSTANDING

Capital today. Repayment over time.

An animated view of a $690M beginning balance across a ten-year amortization period.

Year 0: $690 million principal outstanding, illustrativeYear 1: $621 million principal outstanding, illustrativeYear 2: $552 million principal outstanding, illustrativeYear 3: $483 million principal outstanding, illustrativeYear 4: $414 million principal outstanding, illustrativeYear 5: $345 million principal outstanding, illustrativeYear 6: $276 million principal outstanding, illustrativeYear 7: $207 million principal outstanding, illustrativeYear 8: $138 million principal outstanding, illustrativeYear 9: $69 million principal outstanding, illustrativeYear 10: $0 million principal outstanding, illustrative
YEAR 0$690M
YEAR 5$345M
YEAR 10$0

Illustrative straight-line principal repayment only; interest is excluded. The proposed production solver would sculpt the actual schedule to cash flow and covenant requirements.

03 THE EVENT SIMULATOR

When physics changes,
the credit moves.

Move the controls to follow a physical shock through interest carry, cash flow and debt coverage.

ONE PHYSICAL SHOCK. A CREDIT CHAIN REACTION.AUTOMATIC SCROLL STORY
0.84×
Default threshold crossed

Grid delay and cooling loss combine. The reference case requires a $74.2M sponsor cure.

YEAR 1 CFADS$74.9M
SPONSOR CURE$74.2M
LOCK-UP FLOOR / 1.20×DEFAULT FLOOR / 1.05×
01 · Base case1.35× DSCR
02 · 120-day grid lag1.02× DSCR
03 · Combined stress0.84× DSCR

Reference scenarios from the deck. This sequence settles after playing and leaves the simulator below under your control.

RACKWORTH / CREDIT COCKPIT
INTERACTIVE DEMO
PROJECT PROMETHEUS

Physical shock → financial impact

100 MW / PJM
PHYSICAL EVENT INPUTS
0 days
ON TIME180 DAYS

$143,750/day in additional interest carry.

Full reference compute yield.

$0.00045
USD / 1K TOKENS20 MW TRANCHE

An exploratory sensitivity around the reference case.

LOAD A SCENARIO
Covenants within thresholdsILLUSTRATIVE
MINIMUM YEAR 1 DSCR
1.35×

Above the 1.20× distribution lock-up floor.

DSCR1.35×TARGET
OPERATING CFADS$143.7MYear 1 operating cash flow
TOTAL CAPITALIZED INTEREST$51.8MIncludes base construction carry
SPONSOR CURE$0.0MIllustrative equity requirement
DELIVERABLE IT POWER100.0 MWPost-energization capacity
THRESHOLD EVENT PAYLOAD LOCAL DEMO
{"event_type":"NOMINAL_TELEMETRY","grid_lag_days":0,"cooling_state":"nominal"}

The four presets reproduce the deck's reference scenarios. Slider values use a simplified interpolation for exploration. No live telemetry, legal extraction or production credit solver is connected.

04 THE DECOUPLED ARCHITECTURE

Keep the physics in the twin.
Keep the math in the engine.

OpenUSD carries geometry and physical state. Threshold events bridge to the financial engine. Every layer has a clear job.

01 / SIMULATE

Physical twin

OpenUSD · Omniverse DSX

↓MARGIN BREACH EVENT
02 / PARSE & SOLVE

Financial engine

Nemotron NIM → Rust / Polars

↓CREDIT EXCEPTION
03 / REVIEW

Credit cockpit

Evidence · Coverage · Engineer review

PHYSICAL EVENT → CREDIT MODEL → ENGINEER REVIEW
SYSTEM INSPECTORCONCEPT EXAMPLE

A physical schema, with a physical job.

Rack geometry and cooling telemetry belong to the twin. Loan schedules stay in the financial engine.

rackworth:physical {
  rackPeakKW: 131.5
  targetFlowRateLPM: 185.0
  maxCoolantSupplyTempC: 32.0
}
↳ Credit math is deterministic. The language model extracts terms.
PROPOSED TECHNOLOGY STACKOmniverse DSXNemotron NIMNeMoTensorRT-LLMRust / Polars
05 THE ENGINEER COPILOT

Evidence prepared.
Judgment stays human.

Rackworth's proposed workflow prepares technical exceptions and links financial figures to their source. Independent Engineers retain the sign-off.

Explore the review workflow using the current simulator scenario.

SAMPLE EVIDENCE MAP DEMO
01
Operating cash flowCapacity tariff → CFADS
LEGAL
02
Grid energizationSubstation COD → Interest carry
PHYSICAL
03
Cooling performanceOpenUSD prim → Deliverable load
PHYSICAL
04
Distribution covenantCredit agreement → Coverage floor
LEGAL
SOURCE → VARIABLE → EXCEPTION → HUMAN REVIEW REVIEW READY
06 THE INVESTOR OVERVIEW

The full Rackworth vision.
Fourteen slides. One connected idea.

Download the deck
Rackworth pitch deck, slide 1: From watts to worth
01 / 14From watts to worth
07 THE COMMERCIAL MODEL

Built for the infrastructure
capital stack.

01 / PROJECT DEVELOPERS

Pre-financing
bankability certification

Evidence and underwriting preparation ahead of debt syndication.

$50–100kper project
02 / LENDER SYNDICATES

Live covenant
surveillance

Portfolio monitoring and Independent Engineer review workflows.

$150–350kper year, per $1B portfolio
03 / SPECIALTY INSURERS

Parametric risk
monitoring

Cooling and energization delay monitoring for underwriting.

2–4 bpsof total insured value

Indicative commercial model from the pitch deck. Pilot scope and terms are to be agreed.

DAYS 01–30

Foundation

Electrical single-lines.
Physical and credit schemas.

DAYS 31–60

Event gateway

Map physical telemetry.
Stream breaches to the solver.

DAYS 61–90

Pilot

Independent Engineer audits.
Live pilot credit memos.

PROPOSED 90-DAY ROADMAP
NOW ONBOARDING PILOT PARTNERS

A new kind of infrastructure.
A new kind of underwriting.

INDEPENDENT ENGINEER / SAMPLE REVIEW

Technical exception report

This local demonstration records a review state only. No signature, draw approval or disbursement is made.