Hello and warm welcome to the Paragraph community!
My name is Albena, and I've been writing The Web3 + AI Newsletter on and off for the last three years. In it, I explore the most significant projects, innovators, and researchers building at the intersection of blockchain technology and AI.
A while ago, the Decentralized AI (dAI) space got so overwhelmingly fast-paced, that a weekly newsletter simply couldn't do it justice. That's why I launched The Web3 + AI Daily, a daily run-through of the most exciting dAI news that I'm publishing on LinkedIn and other social media (check previous editions here). Meanwhile, my curiosity to try out and support crypto-native publishing and social media platforms led me to Paragraph, so today I'm starting to share my content her too.
Thank you for being here! Let's dive in.
QumulusAI, a company providing GPU-powered cloud infrastructure for AI, has secured a $500M credit facility to expand its fleet of GPUs. The funding, arranged by Permian Labs and distributed via $USDai*, is blockchain-backed and non-recourse, meaning QumulusAI can borrow stablecoins against up to 70% of its approved GPU deployments.
* USDai earns yield by providing liquidity to emerging AI companies who have real collateral, but aren't the size of OpenAI or have access to Blackstone.
The tokenization framework developed by Permian Labs allows QumulusAI to access capital more quickly than traditional credit methods, by using warehouse receipt tokens (GWRTs) as collateral on-chain. This facility is crucial as demand for AI compute power skyrockets, but smaller operators like QumulusAI face challenges in securing capital, especially with tech giants like Google, Meta, and OpenAI dominating the GPU market.
The deal comes as AI demand continues to surge, and QumulusAI's CEO, Mike Maniscalco, highlighted how leveraging blockchain financing allows the company to scale faster and more flexibly.
The non-recourse facility allows QumulusAI to borrow stablecoins against up to 70% of its approved GPU deployments.
Galaxy Digital has secured a significant $460M investment to convert its former Bitcoin mining Helios campus in Texas into a large-scale AI data center. This move is part of Galaxy’s broader strategy to grow its business in both digital assets and data centers, according to CEO Mike Novogratz.
This funding follows Galaxy's $1.4B loan secured earlier in August to support Helios’ expansion. As part of a 15-year contract with CoreWeave, a crypto miner-turned AI cloud infrastructure provider, Galaxy will supply compute power for AI and high-performance computing (HPC) workloads starting in 2026, with projections of over $1B in annual revenue from the partnership. When fully built, Helios will become one of North America’s largest AI infrastructure projects, with a 3.5-gigawatt capacity.
In a bid to make an Artificial Intelligence (AI) data center out of its former Bitcoin mining site in Texas, Galaxy Digital has secured a $460 million private investment. According to sources familiar with the matter, the fund was obtained from one of the world's "largest asset managers." Galaxy Digital ...
Canaan Inc. saw its shares surge 40% after unveiling a new pilot project in Calgary, Alberta, that uses flared natural gas to generate electricity for high-density computing operations. The initiative repurposes stranded gas to power both Bitcoin mining and AI workloads, and is expected to reduce 12,000 to 14,000 metric tons of CO₂-equivalent emissions annually.
The project aligns with the growing trend of leveraging, and even repurposing, existing mining infrastructure for AI and data-center workloads.
Canaan Inc. has launched a pilot project with Aurora AZ Energy in Alberta, Canada, to convert flared natural gas into electricity for high-density computing, including bitcoin mining and AI workloads, leading to a significant 40% surge in its stock price.
In its latest dAI-focused Mindshare edition, Bankless covered Virtuals Protocol and its new launchpad Unicorn.
After months of experimenting with its launchpad Genesis, Virtuals has rolled out Unicorn — a new mechanism that replaces presale pledging with immediate market access, seeking to address what the team views as Genesis's core flaw: it became a farming game rather than a conviction engine.
Overall, Unicorn aims to solve the farming problem by offering direct market participation, aligning fundraising with project growth, and rewarding long-term community engagement. If successful, it could reshape how projects are launched and scaled in the crypto ecosystem. Learn more in the link below.
Genesis rewarded farmers over believers. Unicorn opens markets from Day 1 and ties founder unlocks to real traction.
I came across an interesting initiative for the developers and coders among you interested in longevity. The Agentic AI Against Aging hackathon, sponsored by Nebius, VitaDAO, Retro Biosciences, AthenaDAO, Immortal Dragons, Open Longevity , Bio Protocol and more, has started. Check the details below. You have until October 25th to join.
AI agents, working to extend human life. Join our hackathon October 7-25, 2025.
Thank you for reading! The next edition is coming tomorrow!
I invite you to subscribe to The Web3 + AI Newsletter to stay in the loop on the hottest dAI developments.
I'm looking forward to connecting with fellow Crypto x AI enthusiasts, so don't hesitate to reach out to me on social media.
Disclaimer: None of this should or could be considered financial advice. You should not take my words for granted, rather, do your own research (DYOR) and share your thoughts to create a fruitful discussion.
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Albena Kostova-Nikolova
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