Nvidia-Backed Zankore Raises a $3.1bn Loan to Buy Nvidia GPUs for Indonesia
The facility will fund 100MW of Nvidia infrastructure in Indonesia and could expand to 1GW over three years, the company said.
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Nvidia-backed Zankore raises a $3.1bn loan to buy Nvidia GPUs for Indonesia
Zankore has secured a senior term loan facility of up to $3.1bn to buy and deploy Nvidia GPUs across Indonesia and Southeast Asia. Nvidia is one of the company’s backers and also the supplier of the hardware the financing will pay for. Citi acted as exclusive debt adviser, while Citi, ING, Natixis CIB, Qatar National […] This story continues at The Next Web
Nvidia-Backed Firm in Indonesia Signs $3.1 Billion GPU Loan
Zankore, an Indonesian AI infrastructure platform backed by Nvidia Corp., signed a $3.1 billion loan deal on Wednesday to purchase advanced chips, underscoring surging demand for computing capacity across Asia.
Zankore, an Indonesian computer platform for AI launched just a few weeks ago, would have secured a senior loan of $3.1 billion to acquire GPUs from NVIDIA and deploy up to 1 GW of capacity in Southeast Asia. *** According to information disseminated about the operation, Zankore signed the credit facility on September 9 with support from Citigroup, ING, Natixis, Qatar National Bank and United Overseas Bank. The project initially contemplates 100…
Zankore signs $3.1B loan deal to buy NVIDIA chips for Southeast Asia’s largest AI infrastructure push
Zankore's rapid financing highlights Southeast Asia's growing AI infrastructure demand, potentially reshaping regional tech ecosystems. The post Zankore signs $3.1B loan deal to buy NVIDIA chips for Southeast Asia’s largest AI infrastructure push appeared first on Crypto Briefing .
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