Zankore Secures $3.1B Loan to Deploy Nvidia GPUs Across Southeast Asia
NVDA sits 37% above its 52-week low of $164.27.
Summary
Zankore, an AI compute platform backed by Ooredoo and Indosat, has signed a senior term loan facility of up to $3.1 billion to fund the rollout of Nvidia-powered GPU and cloud infrastructure in Indonesia and Southeast Asia. The financing will support acquisition and deployment of advanced Nvidia GPUs, with an initial buildout of 100 megawatts of AI infrastructure. This follows Zankore's August launch targeting 1 gigawatt of Nvidia DSX AI Factory capacity and 200 MW of initial capacity in H1 2027. The deal underscores sustained demand for Nvidia's AI hardware in emerging markets and adds to a series of large-scale infrastructure commitments, including the $105B Ohio campus and $4.25B Texas data center. Citi acted as exclusive debt adviser, signaling institutional confidence in the project. Watch for further announcements on Zankore's capacity expansion and additional financing rounds.
At the time of this announcement, NVDA was trading at $224.65 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4T. The 52-week trading range was $164.27 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.