QumulusAI revealed a $500 million non-recourse financing facility, structured by Permian Labs and facilitated via the USD.AI Protocol.
The facility allows QumulusAI to finance up to 70% of approved GPU deployments with stablecoin liquidity from USD.AI’s blockchain-based credit market. This structure offers faster access to capital compared to traditional financing alternatives like bank or private credit capital, with flexible terms enabling a non-dilutive path to scale AI infrastructure.
QumulusAI’s facility reflects a broader shift in how compute infrastructure is financed. Global demand for AI infrastructure is projected to surpass $6.7 trillion by 2030, yet capital remains concentrated among hyperscalers like OpenAI, Google, and Meta. USD.AI’s financing model opens new pathways for emerging operators like QumulusAI, linking real-world hardware directly to blockchain-based credit markets for accelerated, more transparent scaling.
Permian Labs developed the financing framework behind USD.AI, which treats GPUs as a financeable commodity. Permian Labs issues GPU Warehouse Receipt Tokens (GWRTs), and USD.AI serves as the on-chain DeFi protocol that enables those tokens to be used as collateral for borrowing stablecoin-based credit, unlocking capital for the next generation of AI builders.
This structure creates yield-bearing opportunities for onchain depositors, while giving operators fast, transparent access to non-dilutive financing.
For QumulusAI, the $500 million facility signals institutional confidence in its infrastructure growth strategy and provides a repeatable model for scaling deployments with blockchain-native financing rails. For Permian Labs and USD.AI, it represents the continued expansion of real- world assets into on-chain credit markets, bridging institutional capital with income-generating compute infrastructure.
“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.”
To learn more about the QumulusAI $500M financing to accelerate AI infrastructure growth, visit the website here.
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