# GPU-backed lending

Part ID: 11.04a · Layer 11 (Software, tools & services touching the hardware (optional)) · child of 11.04

Lending structured against pools of GPUs as collateral, used to finance compute purchases without relying solely on developer or operator balance sheets.

## Companies

| Company | Role | Confidence | Ownership | Ticker | Note |
|---|---|---|---|---|---|
| Blackstone | service | inferred | public | BX |  |
| Brookfield | service | inferred | public | BN |  |
| Coatue | service | inferred | private |  |  |
| Magnetar | service | inferred | private |  |  |

Confidence tags: disclosed = company/filing statement; reported = trade press or partner list; inferred = taxonomy lead.