Binance News
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QumulusAI Secures $500 Million Credit Line for GPU Investments
According to BlockBeats, cloud infrastructure company QumulusAI has secured a $500 million credit line to invest in GPU equipment clusters. These GPUs are arranged by Permian Labs and distributed through USD.AI. This non-recourse credit line allows QumulusAI to borrow stablecoins using up to 70% of its approved GPU deployments as collateral, offering a faster funding option compared to traditional bank loans or venture debt.
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