Costs of Setting Up a New Business
Operations
March 26, 2026
$45M total one-time startup investment for 1 MW BTM hydro GPU facility across 14 cost items in 10 categories
$45,000,000
Total Startup Investment (incl. contingency)
14
Cost Items
10
Categories
~13%
Contingency
$0
Electricity
CAPEX Distribution by Segment
59%
Compute Hardware
$26.5M
25%
Infrastructure
$11.16M
13%
Contingency
~$5.22M
<1%
Soft Costs
~$120K
Itemized Startup Cost Breakdown
| Category | Cost Item | Share | Amount |
|---|---|---|---|
| Compute | 4x GR200 NVL72 (288 GPU + 144 Grace CPU) | $26,500,000 | |
| Networking | InfiniBand NDR800, fat-tree topology | $4,800,000 | |
| Storage | All-NVMe, ~1.5 PB usable | $2,100,000 | |
| Cooling | Direct Liquid Cooling (DLC) system | $1,600,000 | |
| Civil | Prefab modular containers, seismic-rated | $1,600,000 | |
| Power | UPS 200 kW + distribution (no BESS) | $1,060,000 | |
| Integration | System integration, testing, commissioning | $1,000,000 | |
| Connectivity | Fiber build + Starlink backup | $500,000 | |
| Software | NVIDIA stack, orchestration platform | $500,000 | |
| Professional | Legal counsel (JV), accounting setup [A] | $50,000 | |
| Recruitment | CTO, Head of Energy, Sales [A] | $30,000 | |
| Pre-launch | Travel, site visits, due diligence [A] | $25,000 | |
| Advisory | Advisory board agreements [A] | $10,000 | |
| Legal | Georgia LLC (Virtual Zone), trademark [A] | $5,000 | |
| TOTAL (incl. ~$5.2M contingency) | $45,000,000 |
Key Notes
Electricity = $0 â behind-the-meter JV structure, not a cost line item
Contingency ~$5.22M (~13%) built into total, not itemized separately
Items marked [A] = Assumption â REL estimates pending confirmation
All amounts USD, gross before financing adjustments
No recurring OPEX included â startup costs only (pre-commercial)
1 MW facility: 4x GR200 NVL72 racks, 288 GPU, PUE < 1.10
