Bloomberg: Moonshot rents Nvidia B300 servers in 432 million yuan deal

On November 10 that, according to Bloomberg, regulatory documents reviewed by the outlet show that Moonshot AI rented 32 servers equipped with NVIDIA B300 GPUs this summer. The documents value the batch of servers at a combined 432 million yuan (approximately $64.8 million) and note that the equipment is located within China. This may violate U.S. regulations prohibiting the sale of such chips to China without explicit permission. Bloomberg stated it could not confirm whether permission was obtained.

The document was signed by the server owner, Lingmeixin (Beijing) Technology, and Beijing Zhongguancun Bank on August 4, and submitted by the bank on August 6 to a database maintained by the credit reference agency of the People's Bank of China. The contract shows that Zhongguancun Bank provided a 200 million yuan loan for the purchase of the servers. Lingmeixin used the servers themselves and the 345.6 million yuan in revenue generated from service contracts signed with the parent entity, Beijing Moonshot AI Technology, as dual collateral. Based on this, each server is valued at 13.5 million yuan (approximately $2 million), which is roughly 350% higher than the market price in the United States. Moonshot AI denied the allegations. A spokesperson stated that the company has no business relationship with Lingmeixin, did not participate in or authorize the related financing or guarantee arrangements, was unaware of them, and questioned the accuracy of the documents. Bloomberg noted that after seeking comment from Moonshot AI, Lingmeixin, and Zhongguancun Bank on November 3, references to Moonshot AI were subsequently removed from the database. NVIDIA stated that the entities involved are not its customers and will not provide them with replacement products, services, or support. Super Micro Computer said it has no business relations with these entities and emphasized compliance with U.S. export and re-export controls. The backdrop is that U.S. authorities have previously accused Moonshot AI of using restricted Blackwell chips to train frontier models. Following the release of Kimi K3, some White House officials claimed the company had acquired restricted NVIDIA hardware.