TechFlow news, October 9 — According to CoinDesk, cloud infrastructure company QumulusAI has secured a $500 million credit facility to fund its expanding fleet of GPUs. The financing was arranged by Permian Labs and distributed through USD.AI.
The non-recourse credit line allows QumulusAI to borrow stablecoins against up to 70% of the value of its approved GPU deployments, offering faster access to capital compared to traditional bank loans or venture debt.




