Victory Park Lends Against Nvidia Chips in Iceland

Crusoe pledges Nvidia GPUs to get financing for cloud computing expansion

Nvidia Corp.’s graphics processing chips are worth far more than their weight in gold. That’s become apparent to bankers big and small, the latest being Victory Park Capital, an asset-backed lender to private companies.

Chicago-based Victory Park entered into an equipment loan in late July with Crusoe Energy Systems LLC, a provider of artificial intellig…