[jonners00]

>if GPUs are really being used as the lein or collateral, these are fundamentally depreciating assets and are marked as such even if the depreciation rates are slightly wrong.

As long as the initial value of a blackwell chip derived from correctly forecast and discounted cash flow is sound, this is correct. On the other hand, if the initial value is a function of scarcity/demand and high manufacturing cost that's wildly detatched from actual returns then 'could be an issue' is a significant understatement.