QumulusAI Arises $500m to Expand AI Compute Infrastructure

QumulusAI has secured a $500 million blockchain-backed facility to fund its AI compute infrastructure buildout. The debt funding will enable QumulusAI to borrow stablecoins against up to 70 percent of its approved GPU deployments, enabling faster access to capital.

"This partnership represents a paradigm shift in AI infrastructure financing," said Mike Maniscalco, CEO of QumulusAI. "By leveraging Permian Labs' tokenization framework, we can scale faster and more flexibly – meeting the surge in AI compute demand without the constraints of legacy financing.”

"QumulusAI is exactly the type of innovative AI operator we built USD.AI to serve," said Conor Moore, Permian Labs co-founder and COO. "Their integrated approach to AI supercompute - combining HPC cloud, purpose-built data centers, and controlled power generation - fits seamlessly with our tokenized financing model, proving how blockchain can unlock institutional capital for real-world infrastructure."