Northdex is building Europe's first EU-governed reference price for GPU compute, delivering a neutral, transaction-based benchmark to a market where none currently exists. With a strong focus on trust and methodology, Northdex is developing a normalisation and aggregation framework designed to be more manipulation-resistant than existing alternatives.

Northdex is based in Stockholm and serves GPU cloud operators, data centres, and financial institutions across Europe. Through direct data partnerships, Northdex works to turn thousands of incomparable transactions, different currencies, contract types, and configurations, into a single, trustworthy reference price the market can rely on.

Northdex engages with operators throughout the Nordics and Europe, including non-obvious and often overlooked providers, and takes a deliberately EU-native, EU-domiciled approach, never trading or taking a position, to remain a credible, neutral benchmark administrator.