卖什么
Pending CFTC regulation to be the first cash and physically settled…
商业模式拆解
买家：谁掌握预算？
Trading firms, datacenters, neoclouds, cloud providers and AI companies.
触发点：什么让他们现在购买？
Compute capacity needs a transferable market with price discovery, and buyers need financing for operator deposits ($250M facility with K8 Capital announced Oct 6, 2026).
工作流：什么输入变成什么输出？
Verification, clearing, settlement and price discovery for physical compute through an order book, with derivatives (GPU indices) on top; the exchange venue PMEX Markets is pending CFTC designation as DCM/DCO.
经济账：省了什么，怎么收费？
未核实Exchange and clearing venue; likely transaction and clearing fees (not stated); raised a $15M seed round.
渠道：怎么接触到客户？
Self-serve account signup for the compute market ("Free plan, no card needed").
融资历史与报道
| 融资日期 | 轮次 | 金额 | 投资方 | 来源 |
|---|---|---|---|---|
| — | YC 2025 冬季 | — | Y Combinator | ycombinator.com |
档案汇总自公开报道和公司官网。商业模式部分是 MaxBC 对这些材料的解读，不是已确认的事实；未知之处留空，不作猜测。 更新于 2026-10-12.