Lambda secures over $1B GPU loan for 30,000 Nvidia chips

· Tech · United States

AI cloud company Lambda has secured its first delayed draw term loan exceeding $1 billion to purchase more than 30,000 Nvidia GPUs. The fixed-rate facility carries a 6.78% interest rate.

Why it matters：The loan highlights how AI cloud providers are increasingly turning to debt markets to fund GPU capacity, a trend that could shape competition in AI infrastructure.

Key points

  • The loan exceeds $1 billion and is Lambda's first delayed draw term loan.
  • Proceeds will fund more than 30,000 Nvidia GPUs.
  • The fixed interest rate is 6.78%.

Sources (original reporting)

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