DSCR · Debt-Service Coverage Ratio
Operating cash flow divided by debt payments; lenders require it above a threshold to ensure loans are serviceable.
Current numbers
~70%breakeven utilization for a debt-financed cluster; 1,024-GPU H100 swings -$330k to +$340k/mo (the DSCR driver) (contested — single-source)
1.20–2.00xminimum DSCR band — ~1.20–1.45x contracted vs ~1.75–2.00x merchant