USD.AI Secures $106 Million for NexGen Cloud to Boost European AI Compute

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-29
Category: technology
Source: PR Newswire
Original source

USD.AI has led a $106 million senior secured term loan facility for NexGen Cloud, a European provider of scalable AI Cloud solutions. This financing will enable NexGen Cloud to significantly expand its GPU capacity. The investment addresses the increasing demand for AI compute resources among businesses and governments across Europe.

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