QumulusAI Secures $500 Million Credit Line for GPU Expansion

Cloud infrastructure company QumulusAI has secured a significant credit line of $500 million to invest in the acquisition of powerful GPU equipment clusters. This financing, facilitated by Permian Labs and USD.AI, allows QumulusAI to leverage stablecoin borrowing with up to 70% collateralization based on its approved GPU deployments. This approach provides a more streamlined funding solution compared to traditional bank loans or venture debt options.