Loans
Data as of November 2, 2026
| Date | Borrower | Amount | Hardware | Location | Rate | Status | GLX |
|---|---|---|---|---|---|---|---|
| Oct 29, 2026 | NexGen Cloud (Hyperstack) | $105.8M | 1,728 × HGX B300 | Finland (Tier III data center) | 12.2% | Closed | GLX |
NexGen Cloud (Hyperstack)1,728x NVIDIA HGX B300Closed Senior secured term loan facility, amortizing over its 4-year term. Capacity fully contracted under a take-or-pay agreement with an unnamed AI inference platform. USD.AI led, arranged and closed the facility and is administrative agent through GLX; Silver Point Capital and Victory Park Capital participate as lenders. Lender allocations not disclosed. Escrow funding is timed to server shipment, expected in Q4 2026. View on USD.AI
Press | |||||||
| Oct 16, 2026 | Not disclosed | $4.6M | 16 servers · B200 | Texas, USA | 13.5% | Active | |
Borrower not disclosedNVIDIA B200Active
| |||||||
| Sep 23, 2026 | Not disclosed | $128.9M | 32 × GB200 NVL72 | British Columbia, Canada | 9.0% | Escrow | |
Borrower not disclosed32x NVIDIA GB200 NVL72Escrow Contracted for multiple years with an investment-grade counterparty. Counsel to the agent and lender (wholly owned subsidiaries of USD.AI Foundation): Bennett Jones. View on USD.AI
Press
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| Sep 3, 2026 | Hydra Host | $54.4M | 1,040 × B300 | Ohio, USA | 10.0% | Active | |
Hydra Host1,040x NVIDIA B300Active
Press
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| Sep 2026 | Not disclosed | $10.0M | 192 × B300 | — | 13.0% | Active | |
Borrower not disclosed192x NVIDIA B300Active
Press
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| Aug 7, 2026 | QumulusAIQMLS | $15.3M | 34 servers · B300 | Philadelphia, PA, USA | 15.0% | Active | |
QumulusAINVIDIA B300Active
Press
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| Aug 3, 2026 | CorvexMOVE | $7.5M | 32 servers · B200 | Delaware, USA | 10.0% | Active | |
CorvexNVIDIA B200Active Mortgage-style amortization; 15% default rate; upfront fee $150,000; required reserve deposit $724,565.50; limited guaranty from Corvex OpCo. Lender: GPU Finance Ltd., 'a subsidiary of the USD.AI Foundation' (10-Q). View on USD.AI
Press
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| Jun 5, 2026 | Duos Edge AI (Duos Technologies)DUOT | $98.1M | 2,304 × B300 | Columbus, GA, USA | 12.0% | Sold | GLX |
Duos Edge AI (Duos Technologies)2,304x NVIDIA B300Sold Secured by the GPUs and related equipment. Duos pledged its SPV equity and is not liable except for specified 'bad boy' events (8-K). Lender/agent named in Duos's prospectus: GPU Finance Ltd. First GLX 'season-and-sell' sale: the facility was sold to an institutional buyer at par (USD.AI). Duos sold the SPV to Axe Compute on Sep 30, 2026; Axe repaid the SPV's pre-existing debt of about $87.8M (Duos 8-K, lender not named). View on USD.AI
Press
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| Jun 2026 | NexGen Cloud (Hyperstack) | $34.1M | 768 × B200 | Falkenberg, Sweden | 12.0% | Active | |
NexGen Cloud (Hyperstack)768x NVIDIA B200Active Non-recourse. Moved from escrow to funded in June 2026. View on USD.AI
Press
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| Apr 29, 2026 | Not disclosed | $11.3M | 256 × B200 | Spring, TX, USA | 11.5% | Active | |
Borrower not disclosed256x NVIDIA B200Active
Press
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| Apr 17, 2026 | QumulusAIQMLS | $16.4M | 75 servers · H200 | North Kansas City, MO, USA | 12.0% | Active | |
QumulusAINVIDIA H200Active
Press | |||||||
| Apr 6, 2026 | Crucible Capital | $26.8M | 576 × B300 | Newport, WA, USA | 10.0% | Active | |
Crucible Capital576x NVIDIA B300Active Non-recourse, settled on-chain. Barkr valuation services agreement (initial maximum payout $24,735,943). View on USD.AI
Press
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| Mar 20, 2026 | Not disclosed | $197K | 3 servers · RTX PRO 6000 | Spring, TX, USA | 15.0% | Listed | |
Borrower not disclosedNVIDIA RTX PRO 6000Listed
| |||||||
| Mar 11, 2026 | Not disclosed | $526K | 4 servers · H200 | Montréal, Canada | 12.0% | Listed | |
Borrower not disclosedNVIDIA H200Listed
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| Mar 9, 2026 | Not disclosed | $233K | 3 servers · RTX PRO 6000 | Montréal, Canada | 13.5% | Listed | |
Borrower not disclosedNVIDIA RTX PRO 6000Listed
| |||||||
| Mar 4, 2026 | Not disclosed | $9.8M | 10 H200 + 38 B200 servers | Spring, TX, USA | 11.5% | Active | |
Borrower not disclosedNVIDIA H200 + B200Active
Press
| |||||||
| Feb 17, 2026 | QumulusAIQMLS | $4.3M | 9 B300 + 18 RTX PRO 6000 servers | Philadelphia, PA, USA | 12.0% | Active | |
QumulusAINVIDIA B300 + RTX PRO 6000Active First loan under the Barkr residual-value structure (USD.AI, Feb 6, 2026). View on USD.AI
Press | |||||||
| Feb 7, 2026 | Not disclosed | $310K | 4 servers · RTX PRO 6000 | Montréal, Canada | 13.5% | Listed | |
Borrower not disclosedNVIDIA RTX PRO 6000Listed
| |||||||
| Jan 28, 2026 | Not disclosed | $2.3M | 8 servers · B200 | Saint-Denis, France | 15.0% | Listed | |
Borrower not disclosedNVIDIA B200Listed
| |||||||
| Jul 2025 | Not disclosed | $620K | — | — | — | — | |
Borrower not disclosed
Press
| |||||||
NexGen Cloud (Hyperstack)
1,728x NVIDIA HGX B300Closed
Senior secured term loan facility, amortizing over its 4-year term. Capacity fully contracted under a take-or-pay agreement with an unnamed AI inference platform. USD.AI led, arranged and closed the facility and is administrative agent through GLX; Silver Point Capital and Victory Park Capital participate as lenders. Lender allocations not disclosed. Escrow funding is timed to server shipment, expected in Q4 2026.
View on USD.AI- Amount
- $105,772,545
- Announced
- Oct 29, 2026
- Rate
- 12.2%
- Term
- 4 Years
- Location
- Finland (Tier III)
- Hardware
- NVIDIA HGX B300
- GPU Total
- 1,728
- Servers
- 216
- Lenders
- Silver Point CapitalVictory Park Capital
Press
Borrower not disclosed
NVIDIA B200Active
- Amount
- $4,565,270
- Funded
- Oct 16, 2026
- Rate
- 13.5%
- Location
- Texas, USA
- Hardware
- NVIDIA B200
- Servers
- 16
Borrower not disclosed
32x NVIDIA GB200 NVL72Escrow
Contracted for multiple years with an investment-grade counterparty. Counsel to the agent and lender (wholly owned subsidiaries of USD.AI Foundation): Bennett Jones.
View on USD.AI- Amount
- $128,900,000
- Announced
- Sep 23, 2026
- Rate
- 9.0%
- Term
- 3 Years
- Location
- British Columbia, Canada
- Hardware
- NVIDIA GB200 NVL72
Press
- USD.AI announces $128.9M GPU financing facility, its largest to date (PR Newswire)
- USD.AI $128M GPU financing facility (USD.AI)
- Bennett Jones client work (bennettjones.com)
- September recap (rates)
Hydra Host
1,040x NVIDIA B300Active
- Amount
- $54,404,473
- Announced
- Jul 20, 2026
- Funded
- Sep 3, 2026
- Rate
- 10.0%
- Term
- 3 Years
- Location
- Ohio, USA
- Hardware
- NVIDIA B300
- GPU Total
- 1,040
- Servers
- 130
Press
- July recap (escrow)
- September recap (funded)
Borrower not disclosed
192x NVIDIA B300Active
- Amount
- $10,000,000
- Announced
- Oct 2, 2026
- Funded
- Sep 2026
- Rate
- 13.0%
- Hardware
- NVIDIA B300
- GPU Total
- 192
Press
- September recap (USD.AI)
QumulusAI
NVIDIA B300Active
- Amount
- $15,331,685
- Announced
- Jul 13, 2026
- Funded
- Aug 7, 2026
- Rate
- 15.0%
- Location
- Philadelphia, PA, USA
- Hardware
- NVIDIA B300
- Servers
- 34
Press
- July recap (USD.AI)
- August recap ('third draw', 15%)
- QumulusAI 10-Q/A Q2 2026, subsequent events (SEC)
Corvex
NVIDIA B200Active
Mortgage-style amortization; 15% default rate; upfront fee $150,000; required reserve deposit $724,565.50; limited guaranty from Corvex OpCo. Lender: GPU Finance Ltd., 'a subsidiary of the USD.AI Foundation' (10-Q).
View on USD.AI- Amount
- $7,500,000
- Announced
- Aug 3, 2026
- Funded
- Aug 3, 2026
- Rate
- 10.0%
- Term
- 3 Years
- Location
- Delaware, USA
- Hardware
- NVIDIA B200
- Servers
- 32
Press
- Corvex 10-Q Q2 2026, subsequent events (SEC)
- August recap (USD.AI)
Duos Edge AI (Duos Technologies)
2,304x NVIDIA B300Sold
Secured by the GPUs and related equipment. Duos pledged its SPV equity and is not liable except for specified 'bad boy' events (8-K). Lender/agent named in Duos's prospectus: GPU Finance Ltd. First GLX 'season-and-sell' sale: the facility was sold to an institutional buyer at par (USD.AI). Duos sold the SPV to Axe Compute on Sep 30, 2026; Axe repaid the SPV's pre-existing debt of about $87.8M (Duos 8-K, lender not named).
View on USD.AI- Amount
- $98,135,008.28
- Announced
- Jun 5, 2026
- Rate
- 12.0%
- Term
- 3 Years
- Location
- Columbus, GA, USA
- Hardware
- NVIDIA B300
- GPU Total
- 2,304
- Servers
- 288
Press
- USD.AI provides $98.1M debt financing to support Duos Edge AI GPU deployment managed by Hydra Host (PR Newswire)
- USD.AI $98M Duos Edge AI / Hydra Host (USD.AI)
- Duos 8-K (financing)
- Duos 424B5 ('GPU Loan Agreement' with GPU Finance Ltd.)
- Duos 8-K (SPV sale to Axe Compute)
- GLX: connecting institutional capital to compute (USD.AI)
- USD.AI leads $106 million GPU financing for NexGen Cloud (PR Newswire)
NexGen Cloud (Hyperstack)
768x NVIDIA B200Active
Non-recourse. Moved from escrow to funded in June 2026.
View on USD.AI- Amount
- $34,055,508
- Announced
- Apr 30, 2026
- Funded
- Jun 2026
- Rate
- 12.0%
- Term
- 3 Years
- Location
- Falkenberg, Sweden
- Hardware
- NVIDIA B200
- GPU Total
- 768
- Servers
- 96
Press
- USD.AI provides $34M facility to finance NexGen Cloud's GPU deployment in Sweden (PR Newswire)
- USD.AI $34M NexGen Cloud Sweden (USD.AI)
- NexGen Cloud news (nexgencloud.com)
- April recap (USD.AI)
- June recap (USD.AI)
Borrower not disclosed
256x NVIDIA B200Active
- Amount
- $11,295,783
- Announced
- Apr 30, 2026
- Funded
- Apr 29, 2026
- Rate
- 11.5%
- Location
- Spring, TX, USA
- Hardware
- NVIDIA B200
- GPU Total
- 256
- Servers
- 32
Press
- April recap ('$11M in Texas')
- July recap (USD.AI)
QumulusAI
NVIDIA H200Active
- Amount
- $16,395,614.34
- Announced
- Apr 17, 2026
- Funded
- Apr 17, 2026
- Rate
- 12.0%
- Location
- North Kansas City, MO, USA
- Hardware
- NVIDIA H200
- Servers
- 75
Press
Crucible Capital
576x NVIDIA B300Active
Non-recourse, settled on-chain. Barkr valuation services agreement (initial maximum payout $24,735,943).
View on USD.AI- Amount
- $26,821,643.82
- Announced
- Apr 6, 2026
- Funded
- Apr 6, 2026
- Rate
- 10.0%
- Term
- 3 Years
- Location
- Newport, WA, USA
- Hardware
- NVIDIA B300
- GPU Total
- 576
- Servers
- 72
Press
- Crucible Capital $26M GPU-backed loan (USD.AI)
- April recap (USD.AI)
Borrower not disclosed
NVIDIA RTX PRO 6000Listed
- Amount
- $196,524
- Funded
- Mar 20, 2026
- Rate
- 15.0%
- Location
- Spring, TX, USA
- Hardware
- NVIDIA RTX PRO 6000
- Servers
- 3
Borrower not disclosed
NVIDIA H200Listed
- Amount
- $525,875.92
- Funded
- Mar 11, 2026
- Rate
- 12.0%
- Location
- Montréal, Canada
- Hardware
- NVIDIA H200
- Servers
- 4
Borrower not disclosed
NVIDIA RTX PRO 6000Listed
- Amount
- $232,650
- Funded
- Mar 9, 2026
- Rate
- 13.5%
- Location
- Montréal, Canada
- Hardware
- NVIDIA RTX PRO 6000
- Servers
- 3
Borrower not disclosed
NVIDIA H200 + B200Active
- Amount
- $9,800,000
- Funded
- Mar 4, 2026
- Rate
- 11.5%
- Location
- Spring, TX, USA
- Hardware
- NVIDIA H200 + B200
- Servers
- 10 H200 + 38 B200
Press
- The interest rate of intelligence (USD.AI)
QumulusAI
NVIDIA B300 + RTX PRO 6000Active
First loan under the Barkr residual-value structure (USD.AI, Feb 6, 2026).
View on USD.AI- Amount
- $4,282,443.62
- Announced
- Feb 13, 2026
- Funded
- Feb 17, 2026
- Rate
- 12.0%
- Location
- Philadelphia, PA, USA
- Hardware
- NVIDIA B300 + RTX PRO 6000
- Servers
- 9 B300 + 18 RTX PRO 6000
Press
Borrower not disclosed
NVIDIA RTX PRO 6000Listed
- Amount
- $310,350
- Funded
- Feb 7, 2026
- Rate
- 13.5%
- Location
- Montréal, Canada
- Hardware
- NVIDIA RTX PRO 6000
- Servers
- 4
Borrower not disclosed
NVIDIA B200Listed
- Amount
- $2,296,940.10
- Funded
- Jan 28, 2026
- Rate
- 15.0%
- Location
- Saint-Denis, France
- Hardware
- NVIDIA B200
- Servers
- 8
Borrower not disclosed
- Amount
- $620,000
- Announced
- Jul 2025
Press
- 2026 YTD report (Lighthouse)
- August recap (USD.AI)
Loan history
USD.AI has originated 20 publicly documented GPU-backed financings totalling $531.4M committed, of which $296.8M has been funded, as of , making it the most active lender in the Compute Middle Market. GLX is USD.AI's marketplace connecting institutional capital with GPU financings originated through USD.AI. Launched Oct 1, 2026. $200M+ has moved through GLX as of Oct 29, 2026.
How this is counted
- A loan is listed when USD.AI originated it and it has been publicly announced, filed with the SEC, or shown in USD.AI's Proof of Loans attestation or app. Borrowers are named only where they have been named publicly.
- Each draw on a facility is listed separately (e.g. QumulusAI). Approved facilities with no public draw, and unannounced pipeline, are not listed.
- Committed is the announced loan or facility amount. Funded counts loans that have been drawn, so it excludes loans still in escrow or closed and awaiting funding.
- Loans later sold through GLX stay listed. Origination is what is counted.
- Amounts are as announced; where an unnamed ledger row matches an announced loan, its exact figures are shown with a note.
- Data as of November 2, 2026.