USD.AI Leads $106 Million GPU Financing for NexGen Cloud Expansion

USD.AI has announced the closing of a $106 million senior secured term loan facility to support NexGen Cloud, an AI infrastructure provider based in Europe. This financing, which involves participation from Silver Point Capital and Victory Park Capital, is intended to fund the acquisition of 216 NVIDIA HGX B300 servers, totaling 1,728 GPUs, for deployment in a Tier III data center in Finland.

Transaction Details

• Total Facility Value: $106 million over a four-year term.
• Deployment: 216 NVIDIA HGX B300 servers (1,728 GPUs) in Finland.
• Participants: USD.AI (lead), Silver Point Capital, and Victory Park Capital.
• Expectations: Server shipments are anticipated to arrive in Q4 2026.

This agreement marks the second financing deal between USD.AI and NexGen Cloud this year, bringing the total commitment between the two entities to $140 million. The facility was arranged through USD.AI’s GPU Loan Exchange (GLX), a platform designed to connect institutional capital with GPU operators in the 'Compute Middle Market.' The project is backed by a take-or-pay agreement with an AI inference platform, ensuring contracted cash flows for the loan term.

About the Participants

• USD.AI: Manages the GLX marketplace to facilitate asset-backed loans for AI infrastructure.
• NexGen Cloud: A provider of full-stack AI cloud environments, focusing on sovereign-by-design infrastructure.
• Silver Point Capital & Victory Park Capital: Global investment firms providing the institutional credit for this facility.

Investors and interested parties can verify these details and review organizational profiles at the official websites of USD.AI (usd.ai), NexGen Cloud (nexgencloud.com), Silver Point Capital (silverpointcapital.com), and Victory Park Capital (victoryparkcapital.com).