Nvidia Partner GMI Cloud Pursues $300 Million Loan to Expand AI Chip Capacity in Thailand

GMI Cloud, a major Nvidia partner and GPU-as-a-Service provider, is seeking a $300 million loan to purchase Nvidia's AI chips for a data center facility in Thailand—joining a widening wave of capital-backed infrastructure expansion across Asia's emerging AI ecosystem. The US-based data center operator has approached banks and private credit funds for the financing, with yields expected in the low-teens, according to people familiar with the matter. The chips will be deployed at a facility hosted by STT GDC Pte Ltd. in Thailand, where Chinese tech giant Tencent Holdings Ltd. will serve as the primary end-user of the computing resources.