NVIDIA Corporation (NVDA) Secures Bit Origin’s AI Chips Supply as Prices Skyrocket in China’s Black Market NVIDIA Corporation (NASDAQ:NVDA) is one of the top AI Stocks to buy according to billionaire Philippe Laffont.
On June 29, Bit Origin, an emerging AI computing infrastructure company, announced an agreement to the acquire about $11 million worth of NVIDIA Corp (NASDAQ:NVDA)’s Blackwell B300 AI infrastructure assets
Iaroslav Neliubov/ The Singapore-based company will fund the purchase with $1 million in cash and $10 million in equity issued through pre-funded warrants. The transaction also includes customer deployment agreements and hosting contracts tied to the AI infrastructure. The assets acquired include 16 Nvidia Blackwell B300 AI servers slated for delivery in the third quarter.
The company is to deploy the servers at a data center facility in Malaysia. Following their delivery and deployment, Bit Origin expects to generate about $360,000 in recurring monthly revenue before operating expenses. The purchase comes on the heels of the Financial Times reporting on June 24 that Nvidia AI chips have doubled in price in China’s black market.