Zankore Secures $3.1 Billion GPU Financing

Indonesian AI infrastructure platform Zankore has secured support from NVIDIA, signing a $3.1 billion loan agreement to purchase advanced chips, reflecting the surge in demand for computing power in Asia. Citigroup, Dutch bank ING, Natixis, Qatar National Bank, and UOB underwrote the loan, making it one of the largest AI infrastructure financings in Asia. Citigroup acted as the sole debt advisor for the transaction. GPU financing is becoming a new frontier for AI lenders, with banks and private credit focusing on hardware that powers data centers. In Asia, bank-led transactions have been relatively scarce due to uncertainties around chip residual values and geopolitical risks stemming from U.S.-China technology competition.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.