From RuntimeWire · RuntimeWire · · 40s
USD.AI Secures $106M GPU Loan for Finland Data Center
USD.AI leads $106M GPU financing deal for Finland data center.
In brief
USD.AI leads $106M GPU financing deal for Finland data center. NexGen Cloud secured a $106 million senior secured loan from USD.AI, Silver Point Capital, and Victory Park Capital to finance GPU capacity at a Tier III data center in Finland. Originally reported by RuntimeWire.
NexGen Cloud Secures Loan
NexGen Cloud led by CEO Chris Starkey secured a $106 million senior secured loan to finance GPU capacity at a Tier III data center in Finland.
Lenders Involved
USD.AI led and closed the facility with Silver Point Capital and Victory Park Capital as lenders.
Why It Matters
Lenders depend on hardware retaining value and financed capacity continuing to earn revenue.
Here's the gist
NexGen Cloud secured a $106 million senior secured loan from USD.AI, Silver Point Capital, and Victory Park Capital to finance GPU capacity at a Tier III data center in Finland.
