Financing
PayPal to use PYUSD stablecoin to fund AI infrastructure through USD.AI
The move links PayPal’s dollar-pegged token to onchain funding for GPUs and data centers, supported by a $1 billion customer incentive program.
QumulusAI Secures $500M Blockchain-Backed Facility to Scale AI Compute Infrastructure
The non-recourse facility allows QumulusAI to borrow stablecoins against up to 70% of its approved GPU deployments.
Florida Pharma Firm Will Use XRP for Real-Time Payments in $50M Financing Deal
“We believe that there are certain advantages to integrating XRP and its related infrastructure into its healthcare ecosystem,” the firm said in the release.
Blockstream Raises $210M in Convertible Note Financing Round
The money will be used to advance adoption and development of Blockstream's layer-2 technologies, to grow the company's mining operations, and expand its bitcoin treasury.
The Future of Mining Finance: Time to Get Creative
To finance mining rigs in a down market, firms will have to look beyond stock issuance. They may have to borrow against their machines or mined crypto or put themselves up for sale.
