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.

NVIDIA Corporation (NVDA) Secures Bit Origin’s AI Chips Supply as Prices Skyrocket in China’s Black Market

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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. The sudden spike in prices comes as the US ramps up a crackdown on illicit exports amid strong demand from Chinese companies.

NVIDIA Corporation (NASDAQ:NVDA) is the primary provider of the hardware, software, and infrastructure that power modern artificial intelligence. The company has evolved into a full-stack AI ecosystem. It controls the global market for AI chips used to train and deploy advanced models.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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