QumulusAI Secures $500M Blockchain-Backed Facility to Scale AI Compute Infrastructure
Yahoo Financeยท2025-10-09 10:01
QumulusAI, a company building GPU-powered cloud infrastructure for artificial intelligence, has locked in a $500 million credit facility to fund its growing fleet of graphics processing units (GPUs). The financing was arranged by Permian Labs and will be distributed via USD.AI, a blockchain-based credit protocol that connects crypto liquidity to real-world infrastructure, according to an announcement shared with CoinDesk. The non-recourse facility will allow QumulusAI to borrow stablecoins against up to ...