| ━━ DC45 冷板液冷 (1.0 MW/舱) ━━━━ DC45 DLC Cooling (1.0 MW/cabin) ━━ | ━━ AC45 浸没液冷 (0.4 MW/舱) ━━━━ AC45 Immersion Cooling (0.4 MW/cabin) ━━ | ||||
|---|---|---|---|---|---|
| 参数Parameter | GB300 | B300 | Pro 6000 | RTX 5090 | 单位 / 备注Unit / Notes |
| ① GPU 机型 (下拉选择)① GPU model (dropdown) | DC45 ⊂ {GB300, B300} · AC45 ⊂ {5090, RTX Pro 6000}DC45 ⊂ {GB300, B300} · AC45 ⊂ {5090, RTX Pro 6000} | ||||
| 单舱 MW 容量 (1 Unit)MW per Unit (1 cabin) | 1.00 MW/Unit | 1.00 MW/Unit | 0.40 MW/Unit | 0.40 MW/Unit | DC45 固定 1.0 · AC45 固定 0.4 (硬编码)DC45 fixed 1.0 · AC45 fixed 0.4 (hardcoded) |
| Computing Unit Qty (整数 = Container 数,每 Container 1 舱)Computing Unit Qty (integer = Container count; 1 Container = 1 cabin) | 1 Unit = 1 Container (DC45 1.0 MW or AC45 0.4 MW) · 整柜/整舱1 Unit = 1 Container (DC45 1.0 MW or AC45 0.4 MW) iUnits built (1 Unit = 1 Container = 1 MW DC45 or 0.4 MW AC45) | ||||
| ▸ Facility Power (总场地 grid 拉电,含冷却)▸ Facility Power (total grid draw, incl. cooling) | — | — | — | — | 总场地 grid 拉电 (含冷却)Total grid draw (incl. cooling) |
| ② GPU 租金 ($/GPU/hr) — 随 GPU 机型自动更新② GPU rental ($/GPU/hr) — auto-updates with GPU type | USD/GPU/hr · 选机型后自动USD/GPU/hr · auto on GPU type iUSD/GPU/hr lease rate (auto from GPU_RENT_DEFAULTS on select) | ||||
| ② 利用率 (Utilization)② Utilization | % billable hours i% billable hours / 8760 | ||||
| PUE | 能效比Power efficiency iPUE = IT load / Total facility power | ||||
| 工业电价Industrial electricity | USD/kWh iUSD/kWh facility retail rate | ||||
| 关税率 — 基础设施 FOB CN (%)Tariff — Infra FOB CN (%) | 仅适用 ③④⑤⑥⑦Applies to items ③-⑦ only i% MFN tariff on (infra FOB + freight), CIF basis (WTO Art VII) | ||||
| 消费税/VAT (%) — 基建VAT / Sales tax (%) — Infra | % i% VAT/GST on landed cost | ||||
| VAT 可抵扣比例 (基建)VAT recoverable % (Infra) | % i% VAT recoverable as input credit (rest capitalized) | ||||
| VAT 退税等待 (月)VAT refund wait (months) | US 不可抵故 0 月US non-recoverable → 0 mo imonths VAT refund wait × rate × WC opportunity cost | ||||
| VAT 可抵扣比例 (OpEx 运营项)VAT recoverable % (OpEx items) | % (电/带宽/人工)(elec/bw/labor) i% OpEx VAT recoverable (elec/bw/labor) | ||||
| 基建运费 (USD/Cluster)Infra shipping (USD/Cluster) | CN→现场CN → site iUSD/Unit sea freight (per-Container) | ||||
| 带宽 (USD/月/Cluster, 训练 100Gbps / 推理 50Gbps)Bandwidth (USD/mo/Cluster, training 100Gbps / inference 50Gbps) | 100Gbps 承诺100Gbps committed iUSD/mo/Unit committed bandwidth (×12 in OpEx) | ||||
| 运维劳务 (USD/年/Cluster)O&M labor (USD/yr/Cluster) | 人工Personnel iUSD/yr/Unit on-site personnel | ||||
| 设备运维 (% FOB设备/年)Equipment O&M (% FOB/yr) | % i% equip FOB / yr (O&M) | ||||
| 保险 (% 设备成本/年)Insurance (% equipment/yr) | % i% equip FOB / yr (insurance) | ||||
| 地方财产税 (% CapEx/年)Property tax (% CapEx/yr) | % i% CapEx / yr (property tax) | ||||
| 安装/调试 (USD/Cluster)Install/commission (USD/Cluster) | 一次性One-time iUSD/Unit one-time install (grossed up by WHT) | ||||
| WHT 预提所得税 (服务费)WHT on cross-border services | %·跨境服务费;含税总成本% · grossed-up cost basis i% WHT on cross-border services → install / (1-WHT) | ||||
| ③ 债务融资占比③ Debt financing ratio | % of CapEx i% of CapEx financed (project-level) | ||||
| ③ 年利率 (Cost of debt)③ Cost of debt (annual rate) | % | ||||
| 企业所得税率Corporate income tax | % i% corp income tax (applied to max(EBT,0)) | ||||
| 折旧期 (年) — 直线Depreciation life (yr, SL) | 会计折旧 (legacy/兜底)Book depreciation (legacy/fallback) iyrs straight-line (fallback) | ||||
| 折旧期 ① 算力+网络 (年,SL)Dep life ① Compute+Network (yr,SL) | 算力+网络,4 年Compute+Network, 4yr iyrs compute depreciation (GB300/B300/RTX/5090) | ||||
| 折旧期 ② 基建+安装 (年,SL)Dep life ② Infra+Install (yr,SL) | 基建+安装,10 年Infra+Install, 10yr iyrs infra depreciation (cabin/BESS/transformer) | ||||
| Y5 残值 (% CapEx)Y5 terminal value (% CapEx) | 市价残值 ≠ 账面 (IRR用)Market resale, for IRR i% market resale at Y5 (terminal value) | ||||
| NOL 抵扣上限 (% 应税)NOL deduction cap (% taxable) | % US 80,FI/CN 80-100US 80 (TCJA §172), FI 100, CN 80 i% NOL deduction cap (TCJA §172: US 80%, CN 80%) | ||||
| 主 P&L 预测期 (年)Main P&L horizon (yrs) | 年 · 主 P&L + Y-horizon 残值;投资方 horizon ≥ 此值yrs · main P&L + Y-horizon terminal; investor horizon ≥ this iMain projection horizon (yrs). Drives P&L loop, terminal-value trigger, investor min horizon floor. | ||||
| BOM 项BOM item | 单价 (USD/Unit)Unit cost (USD/Unit) | 来源 / IncotermsOrigin / Incoterms | 关税类别Duty category | 说明Notes |
|---|---|---|---|---|
| ① 算力 — GB300 NVL72 (1 Rack, 8 racks/Unit)① Compute — GB300 NVL72 (per Rack, 8 racks/Unit) | DDP Taiwan/US | 已含税 (per rack)Duty-paid (per rack) | $4.5M/Rack · 8 racks/Unit = $36M/Unit · 576 GPUs/Unit · 单价含 1.2 溢价 ($3.75M × 1.2) · 含 NVSwitch · DRAM/SSD/HBM 紧缺溢价$4.5M/Rack · 8 racks/Unit = $36M/Unit · 576 GPUs/Unit · per-rack price incl. 1.2 premium ($3.75M × 1.2) · incl. NVSwitch | |
| ① 算力 — B300 HGX (8 in a Rack, 64 pcs/Unit)① Compute — B300 HGX (8 per Rack, 64 pcs/Unit) | DDP Taiwan/US | 已含税 (per PC)Duty-paid (per PC) | $540K/台 · 64 pcs/Unit = $34.56M/Unit · 512 GPUs/Unit · 单价含 1.2 溢价 ($450K × 1.2) · 8 台/Rack$540K/PC · 64 pcs/Unit = $34.56M/Unit · 512 GPUs/Unit · per-PC price incl. 1.2 premium ($450K × 1.2) · 8 PCs/Rack | |
| ② 内部高速网络 (Spectrum-X/IB)② Internal high-speed network (Spectrum-X/IB) | DDP Taiwan/US | 已含税Duty-paid | Leaf-spine + 800G 光模块Leaf-spine + 800G optics | |
| ③ DC45 模块化机舱 (含 UPS / 8min 备电)③ DC45 modular cabin (incl. UPS / 8-min ride-through) | FOB China | 基建Infra | 舱体 + 配电 + 液冷 CDU + UPS + 8min 蓄能 + 消防/监控Enclosure + power distribution + liquid CDU + UPS + 8-min storage + fire/BMS | |
| ④ Hybrid Cooler (干冷+冷板液冷复合)④ Hybrid Cooler (dry+DLC combined) | FOB China | 基建Infra | 干冷+冷板液冷复合,适应不同气候(US/UAE/FI 通用)Dry+DLC combined, climate-adaptive (US/UAE/FI) | |
| ⑤ BESS — 1.8 MW / 3.5 MWh (per 1.0 MW Unit)⑤ BESS (per 1.0 MW Unit) | FOB China | 基建Infra | LFP 集装箱式 + PCS,约 $257/kWh · 可参与调峰套利LFP container + PCS, ~$257/kWh · grid arbitrage capable | |
| ⑥ MV 开关柜 (per 1.0 MW Unit)⑥ MV switchgear (per 1.0 MW Unit) | FOB China | 基建Infra | 11/20/33kV 进线 + 计量保护11/20/33kV intake + metering/protection | |
| ⑦ MV-LV 变压器 (2.5 MVA, per 1.0 MW Unit)⑦ MV-LV transformer (per 1.0 MW Unit) | FOB China | 基建Infra | 市场价区间 $26K-42K;数据中心级油浸/干式取中位 ~$65K;如 N+1 冗余则 ×2Market range $26K-42K; data-center grade midpoint ~$65K; ×2 if N+1 | |
| DC45 设备成本合计 (GB300 case) / UnitDC45 total equipment (GB300) / Unit | — | |||
| DC45 设备成本合计 (B300 case) / UnitDC45 total equipment (B300) / Unit | — | |||
| DC45 GPU 数量 (per 1 Container = 1 Unit)DC45 GPU count (per 1 Container = 1 Unit) | GPU/单元GPUs/unit | 单元数Units | 合计 GPU 数 / ContainerTotal GPUs / Container | ||
|---|---|---|---|---|---|
| GB300 NVL72 | — | ||||
| B300 HGX server | — |
| BOM 项BOM item | 单价 (USD/Unit)Unit cost (USD/Unit) | 来源 / IncotermsOrigin / Incoterms | 关税类别Duty category | 说明Notes |
|---|---|---|---|---|
| ① 算力 — RTX 5090 整机 (8 GPU/4U)① Compute — RTX 5090 server (8 GPU/4U) | DDP Taiwan/US | 已含税 (per server)Duty-paid (per server) | $81.05K/台 · 64 台/Unit = $5.187M/Unit · 含 CPU + 内存 + SSD + 8×GPU + BF3 NIC + Imm 改造 · 消费级 · 近期市场波动 +30%$81.05K/server · 64 pcs/Unit = $5.187M/Unit · incl. CPU + DRAM + SSD + 8×GPU + BF3 NIC + Imm retrofit · consumer · +30% market | |
| ① 算力 — RTX Pro 6000 Server 整机 (8 GPU/4U)① Compute — RTX Pro 6000 Server (8 GPU/4U) | DDP Taiwan/US | 已含税 (per server)Duty-paid (per server) | $148.95K/台 · 64 台/Unit = $9.533M/Unit · 含 CPU + 内存 + SSD + 8×GPU + BF3 NIC + Imm 改造 · 工作站级 · 近期市场波动 +30%$148.95K/server · 64 pcs/Unit = $9.533M/Unit · incl. CPU + DRAM + SSD + 8×GPU + BF3 NIC + Imm retrofit · workstation · +30% market | |
| ② 内部高速网络 (400G ROCE, per 0.4 MW Unit)② Internal high-speed network (per 0.4 MW Unit) | DDP Taiwan/US | 已含税Duty-paid | Leaf-spone + 400G ROCE 网络 · 0.4 MW 等效 ($1.255M/MW × 0.4)Leaf-spine + 400G ROCE · 0.4 MW equivalent ($1.255M/MW × 0.4) | |
| ③ AC45 浸没罐 (FOB, 含 Tanks + CDU + BMS + UPS)③ AC45 immersion tank (FOB, incl. Tanks + CDU + BMS + UPS) | FOB China | 基建Infra | 浸没罐体 + 密封 + 介电流体循环 CDU + BMS + UPSTank + sealing + dielectric CDU + BMS + UPS | |
| ④ 介电流体 (初始填充, FOB)④ Dielectric fluid (initial fill, FOB) | FOB China | 基建Infra | 12 $/L × 9600 L = $115,200/Unit · SHELL S5 / Castrol 氟化液 · 5-7 年置换$12/L × 9600 L = $115,200/Unit · SHELL S5 / Castrol fluorinated · 5-7 yr replacement | |
| ⑤ BESS (per 0.4 MW Unit) — $257/kWh × ITPwr × PUE × 用量 h⑤ BESS (per 0.4 MW Unit) — $257/kWh × ITPwr × PUE × duration h | $/kWh × h × PUE = — | FOB China | 基建Infra | $257/kWh × 0.4 MW × PUE_AC45 × 用量 h · LFP Container + PCS · 0.5c 电芯 (2h) · 可参与调峰套利$257/kWh × 0.4 MW × PUE_AC45 × duration h · LFP Container + PCS · 0.5C cell (2h) · grid arbitrage |
| ⑥ Hybrid Cooler (Dry Cooler + Compressor, per 0.4 MW Unit)⑥ Hybrid Cooler (Dry Cooler + Compressor, per 0.4 MW Unit) | FOB China | 基建Infra | 干冷器 + 压缩机 (闭式循环冷源) · 辅助介电流体散热Dry cooler + compressor (closed-loop heat rejection) · aux cooling for dielectric fluid | |
| ⑦ MV 开关柜 (per 0.4 MW Unit) — $220K/MW × 0.4⑦ MV switchgear (per 0.4 MW Unit) | FOB China | 基建Infra | 11/20/33kV 进线 + 计量保护11/20/33kV intake + metering/protection | |
| ⑧ MV-LV 变压器 (per 0.4 MW Unit) — $65K/MW × 0.4⑧ MV-LV transformer (per 0.4 MW Unit) | FOB China | 基建Infra | 市场价区间 $26K-42K;按 0.4 MW Unit 等比缩放Market $26K-42K; scaled to 0.4 MW Unit | |
| AC45 设备成本合计 (5090 case) / UnitAC45 total equipment (5090) / Unit | — | |||
| AC45 设备成本合计 (RTX Pro 6000 Server) / UnitAC45 total equipment (RTX Pro 6000) / Unit | — | |||
| AC45 GPU 数量 (per 1 Container = 1 Unit)AC45 GPU count (per 1 Container = 1 Unit) | GPU/4UGPUs/4U | 4U 数4U units | 合计 GPU 数 / ContainerTotal GPUs / Container | ||
|---|---|---|---|---|---|
| RTX 5090 (4U device) | — | ||||
| RTX Pro 6000 Server (4U device) | — |
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| CapEx 行项目CapEx line item | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| 行项目Line item | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| P&L 行项目P&L line item | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| 期间Period | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| 指标Metric | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
角色定义:GPU 投资方拥有 ① 算力服务器 + ② 内部高速网络,以 DDP 价直接入资产 (默认 4 年折旧);租给运营方按月收租。月租公式 = CapEx × (1+回收期内总回报%) / 回收期月数。可调整回收期、回报率、折旧期。所得税按当地税率,VAT 按当地标准。 Role: GPU investor owns ① compute servers + ② internal high-speed network; capitalized at DDP price (4-yr depreciation default); leases to operator monthly. Monthly rent = CapEx × (1+total return % over payback) / payback months. Income tax at local rate, VAT at local standard.
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| GPU 投资方 — 输入参数GPU Investor — Inputs | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ① 锁定合约期 (月)① Reserved Contract Period (months) | ||||
| ② 合约期内溢价 % (= 合约累计收租 / CapEx − 1)② Contract Markup % (= contracted rent / CapEx − 1) | ||||
| ③ 合约期后续租租率 (% of 合约月租)③ Post-Contract Renewal Rate (% of contracted rent) | ||||
| ④ 折旧期 (年, 会计/税务)④ Depreciation life (yrs, accounting/tax) | ||||
| ⑤ 经济寿命 (年, 实际创收年限)⑤ Economic life (yrs, revenue-generating) | ||||
| ⑥ 债务融资占比 % (= 债务 / CapEx,默认 90% = 高杠杆)⑥ Debt financing % (= debt / CapEx; default 90% = high leverage) | ||||
| ⑦ 债务年利率 % (等额本息 5y)⑦ Annual cost of debt % (amortizing, 5y) | ||||
| ⑧ 贷款摊还期 (年)⑧ Loan amortization (yrs) | ||||
三段式租赁结构: ① 锁定期 (Y1 至合约期末):合约月租 (locked) + util 100% · ② 续租 / On-Demand 期 (合约期末至经济寿命止):合约月租 × 续租率% + util 用 Section 1 的 on-demand 利用率 (默认 80%) · ③ 报废 (经济寿命之后):租金归零。
关键概念: 折旧期 ≠ 经济寿命。H100 美国市场 2026 仍能租 — GPU 折完旧仍创收。默认 GPU 经济寿命 7 年 (4 年折旧 + 3 年续租)。
Three-phase lease: ① Reserved (Y1 to contract end): contracted rent (locked) + 100% utilization · ② Renewal / On-Demand (contract end to economic life): contracted × renewal % + on-demand utilization (from Section 1, default 80%) · ③ Retired (after economic life): zero rent.
Key concept: Depreciation life ≠ Economic life. H100 still earns in US market in 2026 — GPUs continue generating revenue after fully depreciated. Default GPU economic life 7 yrs (4 yr dep + 3 yr renewal).
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| GPU 投资方 — 输出GPU Investor — Outputs | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| GPU 投资方 — 全寿命期年度 P&L (Y1 至使用寿命止)GPU Investor — Full Lifecycle Annual P&L | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
角色定义:IT Infra 投资方负责 GPU/网络以外全部投资 (③ DC45 / ④ Hybrid Cooler / ⑤ BESS / ⑥ MV 开关柜 / ⑦ MV-LV 变压器 + 运费 + 关税 + 不可抵 VAT + 安装含 WHT) — = 主表 CapEx 合计 − 算力 DDP。默认 10 年折旧,与算力解耦。 Role: IT Infra investor owns everything except GPU/network: ③ DC45 / ④ Hybrid Cooler / ⑤ BESS / ⑥ MV switchgear / ⑦ MV-LV transformer + freight + duty + non-rec VAT + grossed-up install = Main-model Total CapEx − Compute DDP. Default 10-yr depreciation.
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| IT Infra 投资方 — 输入参数IT Infra Investor — Inputs | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ① 锁定合约期 (月)① Reserved Contract Period (months) | ||||
| ② 合约期内溢价 % (= 合约累计收租 / CapEx − 1)② Contract Markup % (= contracted rent / CapEx − 1) | ||||
| ③ 合约期后续租租率 (% of 合约月租)③ Post-Contract Renewal Rate (% of contracted rent) | ||||
| ④ 折旧期 (年, 会计/税务)④ Depreciation life (yrs, accounting/tax) | ||||
| ⑤ 经济寿命 (年, 实际创收年限)⑤ Economic life (yrs, revenue-generating) | ||||
| ⑥ 债务融资占比 % (= 债务 / CapEx,默认 90% = 高杠杆)⑥ Debt financing % (= debt / CapEx; default 90% = high leverage) | ||||
| ⑦ 债务年利率 % (等额本息 10y)⑦ Annual cost of debt % (amortizing, 10y) | ||||
| ⑧ 贷款摊还期 (年)⑧ Loan amortization (yrs) | ||||
三段式租赁结构 (基建): ① 锁定期 60 月 — 与运营方初始合作期对应 · ② 续租期 (60 月 至 15 年) 按 90% 续租 — 机电设备贬值慢 · ③ 报废 (15 年后)。基建 (变压器/开关柜/DC45 机舱) 物理寿命 15-20 年,远超 10 年折旧期。 Three-phase lease (Infra): ① Reserved 60 mo · ② Renewal (60mo to 15yr) at 90% — slow electrical equipment depreciation · ③ Retired after 15 yrs. Infra physical life 15-20 yrs, well beyond 10-yr accounting depreciation.
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| IT Infra 投资方 — 输出IT Infra Investor — Outputs | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| IT Infra 投资方 — 全寿命期年度 P&L (Y1 至使用寿命止)IT Infra Investor — Full Lifecycle Annual P&L | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
约束 #3 必须两相均满足:
· Reserved 期:util=100% (端客户保留容量,不管用不用都付费),电费打满,GPU/Infra 租金按"合约月租"locked · 收入按合约 $/GPU/hr × 100% util
· On-Demand 期:util=Section 1 的"利用率" (默认 80%),电费按功率因子 (idle 底盘 + util × 70%) 缩放,GPU/Infra 租金按"合约月租 × 续租率%" · 收入按合约 $/GPU/hr × on-demand util
任一相 margin < 0 → 列红,顶部弹警告。Reserved 期通常是 binding constraint (电费最高+租金最高)。
Both phases must satisfy Constraint #3:
· Reserved Phase: util=100% (customer reserves capacity, paid regardless of usage), full electricity, GPU/Infra rent at contracted (locked) · Revenue = contracted $/GPU/hr × 100%
· On-Demand Phase: util = Section 1's "Utilization" (default 80%), electricity scaled by power factor (idle floor + util × 70%), rent at contracted × renewal % · Revenue = contracted $/GPU/hr × on-demand util
Either phase margin < 0 → column flagged red, top banner shown. Reserved phase is typically the binding constraint (highest electricity + highest rent).
| ━━ DC45 冷板液冷 ━━━━ DC45 DLC ━━ | ━━ AC45 浸没液冷 ━━━━ AC45 Immersion ━━ | |||
|---|---|---|---|---|
| 运营方可行性 (Y1 年度)Operator Feasibility (Y1 annual) | GB300 (DC45) | B300 (DC45) | RTX Pro 6000 (AC45) | RTX 5090 (AC45) |
关税 = (FOB + 运费) × 税率 (WTO Art VII)。基建: US 35% (Sec 122 + Sec 301), UAE 5%, FI 0%。VAT 垫付成本 = 可抵 VAT × 年利率 × 等待月/12 (一次性 Y1 OpEx)。US 0 (不可抵), UAE 3 月, FI 6 月。含税 install = install / (1 − WHT%),差额资本化。US 30% · UAE 0% · FI 15%。Rev = GPU 数 × $/GPU/hr × 8760 × 利用率;默认 escalator −5%/年 (新一代 GPU 折价压力)。Duty = (FOB + Freight) × Rate (WTO Art VII). Infra rates: US 35% (Sec 122 + Sec 301), UAE 5%, FI 0%.VAT_WC = Recoverable_VAT × rate × wait_months/12 (one-time Y1 OpEx). US 0 (non-recoverable), UAE 3 mo, FI 6 mo.grossed_install = install / (1 − WHT%), delta capitalized. US 30% · UAE 0% · FI 15%.Rev = GPU_count × $/GPU/hr × 8760 × Utilization; default escalator −5%/yr (next-gen GPU price decay).Explore the three cooling architectures — DLC, Immersion, and General configuration — and select the one that fits your site.