Every posting cites its governing paragraph. A position and a citation, not accounting advice.
TokenCapEx
Prepaid assetReserved GPU commitment

Reserved GPU commitment

The posting

A multi-year reserved GPU commitment is a signed commitment, not consumption. The amount paid or payable in advance is a prepaid asset, not an expense and not a capitalized intangible on day one. It unwinds as capacity is drawn down: to cost of revenue when it serves a paid product, to expense for experimentation, or to a software asset for capacity used in an internal-use build ASU 2018-15.

Commitment vs consumption

The mistake is treating the whole committed amount as the period's OpEx. A reserved commitment gives you the right to future capacity; you have consumed nothing at signing. Book the advance payment as prepaid compute and release it as you actually draw down the reserved capacity. The commitment-vs-consumption axis is the single most important read on this instrument.

Prepaid assetIllustrative example, not client data
CapEx / Balance sheet
OpEx / P&L
DrPrepaid compute (asset)X
CrCashX
At signing: the committed advance is set up as a prepaid asset. Figures illustrative.

Where the drawn-down capacity lands

Term length drives the schedule

The commitment term sets the maximum period over which the prepaid unwinds and caps any useful life for capitalized capacity. A three-year commitment cannot support a five-year amortization of the compute it funds.

Prepaid unwinds across the committed term
Y1
Y2
Y3

Questions this posts answers

Is a reserved GPU commitment CapEx or OpEx?
Neither at signing. It is a prepaid asset that unwinds as capacity is consumed, landing in COGS, expense or a capitalized asset depending on what the capacity is used for.

Posts to

Primary sources

Ledger current as of 2026-07-24. A position and a citation, not accounting advice. See how we cite.