AI infrastructure firm secures up to $500 million onchain loan after bypassing banks

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Source: CryptoNewsNet Original Title: AI infrastructure firm secures up to $500 million onchain loan after bypassing banks Original Link: Sharon AI, an Australian high-performance computing company, announced it had secured up to $500 million in financing from blockchain-based lender USD.AI to scale its GPU infrastructure across the Asia-Pacific region.

The funds will support the deployment of compute systems used to train and run large artificial intelligence models, including an initial $65 million rollout expected to begin this quarter.

The agreement enables Sharon AI to access capital through a non-recourse credit facility, meaning loans are backed by physical GPU hardware rather than the company’s corporate assets.

USD.AI’s onchain lending system turns verified GPU deployments into tokenized collateral, allowing lenders to track performance directly without the need for traditional credit checks.

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