Bloomberg: Moonshot AI rents Nvidia B300 servers in a contract worth 432 million yuan

Moonshot AI rented 32 servers equipped with Nvidia B300 GPUs this summer, with regulatory filings valuing the hardware at RMB 432 million (about $64.8 million) and placing the equipment inside China, per Bloomberg. The August 4 contract between server owner Lingmeixin (Beijing) Technology and Beijing Zhongguancun Bank shows a RMB 200 million loan to buy the servers, secured both by the hardware and by RMB 345.6 million in service-contract revenue from Moonshot's Beijing entity, implying roughly RMB 13.5 million ($2 million) per server, about 350% above U.S. market prices. The disclosure matters because U.S. rules bar sales of such chips to China without explicit licenses, and Bloomberg could not confirm whether one was granted. Moonshot denied the arrangement, saying it has no business relationship with Lingmeixin and did not participate in or authorize the financing or guarantees, while Nvidia said the entities involved are not its customers and Supermicro said it has no dealings with them. Watch for licensing clarification from U.S. authorities and for how the dispute affects Moonshot's access to constrained Blackwell-class compute as it trains frontier Kimi models.