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[–] 14 points 1 day ago (1 child)

Just a reminder that a bunch of companies have secured loans with their existing GPUs as collateral, so if the scarcity is artificial and prices adjust once the scarcity dries up, then a lot of those loans will be need to be recollateralized. Not sure exactly how that happens but if it’s like a margin call… that will accelerate things a lot.

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  • [–] 9 points 1 day ago

    Even if the scarcity wouldn’t get better, these GPUs will be considered ancient in a couple of years and when the competition already has the newest stuff, the collateral will still drop massively in value which could also trigger recollateralisation. It was very stupid to begin with to accept GPUs as collateral.

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