Platform

From the construction site to the price, in one place.

Seven views, each answering a question your committee asks.

Completion monitor

Will it finish before the tenant can cancel?

How many months each site has before its tenant can cancel the lease. Worst first.

SiteChain'27 · '28 · '29Deadline
Site 14
−2
Site 7
+2
Site 11
+4
Site 3
+7
Site 9
+14
Projected rangeMedianTenant can cancel
Site detail

Who pays whom, and where it breaks.

The lender, developer, tenant and end user behind one site, with every date that moves the schedule.

Site 14 · West TexasChain broken
End userAI labFunding gap
TenantCloud · BBB-Notice filed
DeveloperSPVPower late
Lenders21 banksModel below 95, Oct 23
Gas supply
Feb '27
On-site power
Pending
Building shells
26%
First hall live
Feb '29
Pricing and marks

What is the paper worth today?

A daily Marden model price on every instrument, beside the fund marks as filed.

GPU-backed note, issuer B79.4M −4.1 wk
Marden model · Modeled scenario, valued Oct 23 · range 77.6 to 81.2
100938679Mark gap 19.9
Marden model · Modeled scenario, valued Oct 23Fund marks, as filed · latest Sep 30
Stress

Stress-test scenarios against the debt.

Tenant downgrade, end-user funding miss or power delay, at base or severe, and every loan each one reaches.

Tenant cut to BB+End user misses fundingPower 6 months late
Modeled scenario · tenant cut to BB+ · valued Oct 23 · Marden model prices
Debt exposed
$41.0BR
Value lost
$3.8BM
range $3.1B to $4.5B
Model price below 95
6 loansM
Marden model price change, points
Site 14−14.2
Site 7−9.8
Site 3−5.7
Site 9−1.4
Weekly risk list

Which loans are likely to lose value next?

Ranked every Monday by what's at risk, with the filing behind each and the next date to watch.

#Instrument · whyNext milestone
1Construction loan, Site 14Oct 13 · gas supply date movedFNov 18 · gas lateral hearing
2GPU-backed note, issuer BOct 9 · largest customer cut its orderRNov 14 · quarterly filing due
3Term loan, Site 7Sep 22 · power permit decisionFNov 23 · air permit decision
4Senior notes, tenant ASep 24 · notice to developerRDec 1 · notice cure period ends
Alerts

Know the day something changes.

Only on names you follow. In the app and by email.

Site 14 now finishes after its tenant can cancelGas supply moved to Feb 1, 2027F7:00 AM
Issuer B note down 4.1 points on Marden modelMarden model 79.4, Oct 23. Fund mark 99.3, Sep 30.M6:05 AM
Site 7 power permit decision posted30-day comment period openFMon
New county vote scheduled near Site 3Agenda postedFFri
Coverage

Every site, down to the building.

Financed sites, US data center campuses and the power plants built to run them.

Campuses and buildings, by status
On-site power, unit by unit
Sites with debt behind them
Illustrative

Fits how your team already works.

Excel on every tableWith a sheet of sources.
Email alertsUrgent ones at once, the rest in a morning digest.
Single sign-onSeats and roles for your team.

See Marden on the names you already hold.

A 30-minute walkthrough. On three positions you choose.
Book a demo