QumulusAI, a leading provider of GPU-powered cloud infrastructure for artificial intelligence applications, has secured a major $500 million blockchain-backed credit facility to accelerate its AI computing expansion.
The innovative financing was structured by Permian Labs and will be distributed through USD.AI, a revolutionary blockchain credit protocol that bridges cryptocurrency liquidity with real-world technology infrastructure.
This non-recourse facility enables QumulusAI to access stablecoin loans against up to 70% of its approved GPU deployments, providing significantly faster capital access compared to traditional bank financing or venture debt options.
Graphics processing units (GPUs) serve as the fundamental backbone of AI infrastructure, capable of processing thousands of simultaneous tasks essential for training and operating sophisticated AI models. The global race to secure these critical computing resources continues to intensify as AI demand surges worldwide.
QumulusAI's substantial funding arrives amid unprecedented demand for computational power, while smaller AI operators face ongoing capital constraints. Major technology corporations including Google, Meta and OpenAI currently dominate access to premium GPU supplies in the competitive AI development landscape.
Permian Labs' innovative USD.AI framework transforms physical GPUs into digital warehouse receipt tokens (GWRTs), creating blockchain-based collateral for decentralized financing solutions.
"Leveraging Permian Labs' advanced tokenization technology enables unprecedented scalability and flexibility - allowing us to meet exploding AI compute demands without traditional financing limitations," stated QumulusAI CEO Mike Maniscalco.
Bullish Global, parent company of CoinDesk, recently demonstrated confidence in the platform through a strategic $4 million investment in USD.AI.