Lender & borrower counsel
Market-price covenants, rollover mechanics, and defined-terms drafting against a published series — series selection, fallback language, and how the change-management policy behaves inside a facility over its life.
Contact · 2026-07-18
Contact the Administrator
CCIR publishes citable reference series for the GPU compute market and independent analysis built on them. We operate no marketplace and no trading desk. Two conversations start here: citing a published series — in a credit agreement, a rating analysis, or a surveillance report — and contributing data to the reference.
Start a conversation
research@ccir.io Citation & use
Citing a Published Series
The reference series are built to be cited. Every cell on /rates prints its series identifier, the statistic behind it, and panel depth; methodology, change-management, and governance documents are published at /documents. We work through citation and use questions with the people wiring a series into documents and analysis:
Rating agencies
Decline and re-contracting inputs by generation and tenor, mapping collateral pools to published cells for surveillance, and questions on methodology, history depth, and restatement policy.
Regulators & supervisors
Methodology, governance, and data-provenance questions — how the series are constructed, what is archived, and how material changes and restatements are handled and disclosed.
Worked covenant, rollover, and pool-surveillance mechanics are at /applications.
How we work
CCIR is independent: no marketplace, no trading desk. We report observed prices — we do not value or rate any asset, and we take no position in the markets we measure. Raw contributions are held in confidence; what we publish are aggregated references. Terms are set per partner.
Data partnership
Markets Financialize on Shared Price Infrastructure
Every market that grew a financial layer did it on a neutral reference it could settle, lend, and hedge against — crude on Platts assessments, used vehicles on Manheim, ocean freight on the Baltic indices. Compute is earlier. Capacity is bought and sold daily and increasingly financed, but there is no neutral reference the market shares. The more of the market that contributes, the more representative that reference becomes — and the more useful it is to everyone who transacts against it or lends into it.
Who we'd like to hear from
Operators & marketplaces
Clouds, neoclouds, and marketplaces with on-demand, committed, or transaction pricing. Contributing places your capacity in the reference the market reads — and sharpens the segment you operate in.
Lenders & credit desks
Banks and funds financing GPU buildouts. We track GPU-backed debt issuance and the rates operators post; the credit side sharpens both, and connects the price of compute to the cost of financing it.
Exchanges & desks
Venues and desks with executed prints. A neutral reference is only as good as the transactions behind it; executed data is where the reference earns its standing.
Administrator
The CCIR reference series are published by Compute Credit Index Research LLC, a Delaware limited liability company formed March 11, 2026. The administrator operates no marketplace, runs no trading desk, and holds no positions in the markets it measures. Methodology, change-management, and governance documents are published at /documents.