🇺🇸Corvex (MOVE), formerly a wearable-health business, borrowed $7.5 million via a subsidiary from USD.AI for Blackwell GPU servers.

Corvex’s SEC-filed November 12 press release discloses an actual $7.5 million borrowing, rather than merely an available financing commitment. The subsidiary financing with USD.AI funds GPU servers for the Blackwell expansion at Mid-Atlantic 1; the supplied excerpt does not specify the facility’s maximum size or the number of servers being financed.

The company’s quarterly filing establishes the legacy-business context. Before its merger, substantially all historical commercial operations concerned a consumer wearable-health business centered on the wellness ring, formerly called the Evie Ring, alongside connected devices and blood-pressure and glucose-monitoring development programs.

Corvex’s current infrastructure offering includes production AI training and inference, with deployments available through managed Kubernetes or bare-metal configurations. Its filing also describes confidential-computing software for protecting model weights and a Token Factory service providing open-source models through an application programming interface.

The filed release reports unaudited Q3 revenue of $4.982 million, operating expenses of $22.419 million, and a net loss of $17.519 million. Corvex explicitly cautions that historical results are not necessarily comparable across periods because of the merger and legacy-business asset transfer.