Cloud infrastructure company QumulusAI has secured a $500 million line of credit. The financing was arranged by Permian Labs and will be distributed through USD.AI, USD.AI a blockchain-based credit protocol that connects crypto liquidity with real-world infrastructure.
The company says the non-recourse vehicle will allow QumulusAI to borrow stablecoins against 70% of its approved GPU deployments, enabling the company to access funding faster than traditional credit channels such as bank loans or risky debt.
Cloud infrastructure firm QumulusAI secures $500 million credit line
2025-10-09 10:10:52
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