QumulusAI Secures $500M Blockchain-Backed Facility to Scale AI Compute Infrastructure

QumulusAI, a GPU-powered cloud infrastructure provider for artificial intelligence, has secured a $500 million credit facility to expand its fleet of graphics processing units. The financing, arranged by Permian Labs, will be distributed through USD.AI, a blockchain-based credit protocol linking crypto liquidity to real-world infrastructure.

The non-recourse facility allows QumulusAI to borrow stablecoins against up to 70% of its approved GPU deployments, offering faster capital access than traditional credit routes. GPUs, the backbone of AI infrastructure, are in soaring demand as tech giants like Google, Meta, and OpenAI dominate supply.

Permian Labs' USD.AI framework tokenizes GPUs into warehouse receipt tokens (GWRTs), enabling on-chain collateralization. "By leveraging tokenization, we can scale efficiently," the company stated, highlighting the convergence of AI and decentralized finance.