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Crusoe, a cloud computing company, has successfully raised $225 million in debt financing from Upper90, utilizing Nvidia GPUs as collateral. The funds will be allocated to expanding Crusoe's cloud computing business, which operates independently from its data center development sector, where it engages in lease agreements with companies such as Oracle. This financing strategy highlights a growing trend in the industry, where GPU assets are leveraged to enhance infrastructure capabilities.
Crusoe just raised $225M with an asset-backed private credit firm to scale their AI infrastructure—and they’re not alone. At Hydra, we’ve built an entire financing arm to help data centers and operators do the same. With GPU-as-an-asset financing, you can scale compute without
scoop: Crusoe raised $225 million in debt from Upper90, backed by Nvidia GPUs. Crusoe will use the money to expand its cloud computing business—which is separate from its data center development business, where it signs leases with firms such as Oracle. https://t.co/ckwVofIrFn
NEWS: Crusoe raised $225 million in debt to buy more nvidia GPUs using current nvidia GPUs as collateral lol, lmao even https://t.co/UXbImDHou9
