#GMICloud
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Financing and transaction coverage
Dates are our publication dates. Announcements and talks are not closing; different reports may concern the same transaction.
- · GMI Cloud · $223 million · $223M equity + $445M credit facility · Company announcement
#GMICloud timeline · newest first
Sun, Oct 4
GPU cloud provider GMI Cloud secures $223 million in equity and a $445 million credit facility to expand compute in the US and Asia-Pacific
Second-tier GPU clouds are being financed more and more like real estate: a little equity, a lot of secured lending, and pre-leases holding up the expansion.