Lambda, an AI cloud-computing provider, is selling a $917 million GPU loan to finance a chip purchase for its GPU cloud.
The company said the debt proceeds will fund the Nvidia chip deal and accelerate its GPU-cloud capacity, a transaction that taps the institutional leveraged-loan market and follows a similar financing move by CoreWeave earlier this year.
The sale continues a pattern in which Lambda has used chip-backed financing and large customer arrangements to scale an Nvidia-dependent infrastructure business, after raising venture capital and executing lease and supply deals tied to Nvidia hardware to ramp capacity.
The deal also lands as Nvidia and others deepen infrastructure investments across the stack-most notably an announced plan to invest up to $3 billion in the grid-and-power provider Lancium-which underlines why GPU-backed financing has become a tool for cloud operators to secure compute and energy-linked resources.
The financing will allow Lambda to complete the chip purchase and push more GPU capacity into customer deployments.
