Compute vertical · diligence room

Compute has a price. It does not have a delivery leg.

CME Group and Silicon Data set 5 October 2026 for the first two compute futures contracts — H100 and B200 rental index futures, settled against Silicon Data's GPU rental indices. Compute is being priced like a commodity. What is still missing underneath that price is the part that makes a commodity tradeable: a neutral way to establish that the hours were actually delivered, and to release or refund the money accordingly. That is what Hashlock builds.

Hashlock Markets · Delaware C-Corp, File #10561489 · Pre-seed, $1M at a $10M post-money cap

The argument in three steps

01 · The gap

Compute trades on prepayment and trust

A buyer and a seller can agree a rate for GPU hours and still have no neutral record that the hours arrived. So deals settle on prepayment, on reputation, or not at all. Forwards and spot markets need a delivery leg before they can clear.

02 · The rail

Settle-or-refund, already live

Hashlock's atomic settlement rail is live on mainnet across six chains, externally audited, and takes custody of nothing. Either both legs of a trade complete or both refund. The compute vertical reuses that rail rather than building a new one.

03 · The build

Delivery evidence, funded by AWS

The missing piece is machine-verifiable proof of delivery — metering, SLA evaluation, provider adapters. AWS is funding that layer through GoML under a signed engineering SOW. The settlement adapter stays in-house, on the audited core.

Where this stands today

Settlement railLive on mainnetSix chains · externally audited, QuillAudits, October 2026

Compute moduleArchitecture and spec completeSettlement core in design · V2, 2027, gated on external audit sign-off

Engineering partnerAWS via GoMLSigned SOW, up to $250K in kind · GPU telemetry module in progress

Compute counterpartiesProspective — none engagedio.net, Render and Akash class are integration targets, not customers

Compute revenueNone yetNo compute volume has settled and no compute pilot is running

Round$1M · $10M capPre-seed, post-money SAFE · open

Stated plainly because it is the first question a diligent reader asks: the settlement rail is real and in production, and the compute module on top of it is not. The nearer-term revenue line is institutional crypto OTC, which runs on the same rail today.

Open materials

Compute settlement one-pager The vertical in a single page PDF33 KB2026-10-23 Compute settlement deck The delivery leg of the GPU trade, end to end PDF69 KB2026-10-23

Behind the login

Compute power exchange deck The full exchange build and its economics PDF89 KB2026-10-23 Compute market and customers Market size, named supply and demand side targets PDF37 KB2026-10-23 GoML / AWS engineering SOW What the SOW covers, what it excludes, and the commercial terms PDF30 KB2026-10-28 Agent economy deck Autonomous agents are the demand behind compute PDF83 KB2026-10-23

Enter the restricted set

Access is provisioned per reader. Corporate and financial documents — the cap table, founder agreements, board consents, the financial model and the letters of intent — are held in the main investor room, not here.