Bitget came up with this thing, and honestly, it’s pretty interesting—they’re really innovating around asset-based products. One is a pre-market perpetual contract for leasing Nvidia’s H100 GPUs, and the other is B200. This reminds me of the 'LME Nickel Case' I talked about in one of my earlier videos. A company called Tsingshan Holding Group in China tried to hedge against a sharp drop in nickel prices the following year by shorting 1x, but later got maliciously squeezed by opponents, losing 1.5 billion RMB. That was in the precious metals market. But compute power leasing is different. It’s not like precious metal futures—there’s no scarcity, and it’s hard for any single party to manipulate the price. That’s because Nvidia’s compute power is accessible to everyone in the market, making it relatively balanced. Plus, there’s no need for physical delivery. Bitget is using asset innovation to help the compute power market establish an open price discovery mechanism, creating tools for industry risk management and turning compute power into a financialized, standardized, and globally tradable asset. This is perfect for compute power company owners to hedge their risks.