QumulusAI Secures $500M Credit Facility for GPU-Powered AI Infrastructure
QumulusAI secured a $500 million credit facility to expand its GPU-powered AI cloud infrastructure.
The financing was organized by Permian Labs and will be delivered through USD.AI, a blockchain-based credit protocol connecting crypto liquidity to real-world infrastructure.
This non-recourse facility allows QumulusAI to borrow stablecoins against up to 70% of its approved GPU deployments, providing quicker capital access compared to bank loans or venture debt.
GPUs are essential for AI infrastructure, enabling the handling of numerous tasks and supporting the training and operation of extensive AI models.
As demand for AI systems increases, smaller operators like QumulusAI face challenges in securing computing power, which is largely controlled by major tech companies such as Google, Meta, and OpenAI.
Permian Labs tokenizes GPUs into warehouse receipt tokens (GWRTs), usable as on-chain collateral, facilitating more flexible scaling for AI compute demands.
Bullish recently invested $4 million into USD.AI, highlighting growing interest in AI-linked blockchain financing solutions.
