BlockBeats News, October 9th, according to CoinDesk’s report, cloud infrastructure company QumulusAI has secured a $500 million credit line to invest in a GPU equipment cluster, with these GPUs arranged by Permian Labs and distributed through USD.AI. This non-recourse credit line allows QumulusAI to borrow stablecoins with up to 70% of its approved GPU deployment as collateral, providing a faster source of funding compared to traditional bank loans or risky debt through credit channels.
