Bit Origin buys planned NVIDIA Blackwell B300 server supply as China black-market prices for AI chips surge, according to deal announcement

A deal announced in late June by Bit Origin, a Singapore-based company focused on AI computing infrastructure, points to how demand for advanced AI hardware is intersecting with export controls and secondary markets. The announcement, reported by Yahoo Finance and repeated by other outlets, centers on an agreement designed to acquire NVIDIA-related AI infrastructure assets valued at roughly $11 million, including planned deliveries of Blackwell B300 server systems.

According to the reporting, Bit Origin expects to fund the purchase using a combination of $1 million in cash and $10 million in equity issued through pre-funded warrants. The same coverage said the transaction also includes customer deployment agreements and hosting contracts associated with the AI infrastructure, suggesting the hardware acquisition is tied to how the servers will be utilized and monetized after delivery.

The reported asset list includes 16 NVIDIA Blackwell B300 AI servers, with delivery scheduled for the third quarter. Bit Origin also said it plans to deploy the servers at a data center facility in Malaysia once they arrive and are installed, tying the procurement to a specific geographic operations plan rather than a general inventory build.

Bit Origin further projected an operating revenue figure after deployment. After the servers are delivered and deployed, the company expected to generate about $360,000 in recurring monthly revenue before operating expenses, according to the same accounts of the deal.

The timing and structure of the procurement are being linked, in the coverage, to a sharp price jump seen in China’s black market for AI chips. The reporting said the supply deal follows a Financial Times report dated June 24 that described NVIDIA AI chips as having doubled in price in China’s black market, attributing the spike to U.S. efforts to crack down on illicit exports while demand remains strong among Chinese buyers.

NVIDIA, whose GPUs and AI platforms power much of the modern AI compute stack, is the hardware supplier at the center of the transaction. In the market framing, the company’s Blackwell platform is positioned as part of the specialized infrastructure required to train and run advanced AI models, and therefore remains strategically important to vendors building compute capacity for enterprise and deployment customers.

Even with the broad outline provided, several details remain unclear from the public deal coverage. The reporting does not specify, for example, the exact purchase terms beyond the headline value, the precise structure and duration of the hosting contracts, or whether the agreement is contingent on regulatory clearance, supplier substitution, or delivery acceptance criteria. It also does not provide information on customer names, contracted service levels, or the geographic scope of any customer deployments.

For investors and industry watchers, the episode is likely less about a single procurement and more about the supply chain stress around advanced AI infrastructure. The combination of scheduled third-quarter server deliveries, an explicit monthly recurring revenue expectation, and the backdrop of reports about black-market price escalation could be a sign of how some AI compute operators are trying to lock in capacity while secondary markets remain turbulent. The next thing to watch is whether deliveries occur on schedule and whether Bit Origin provides further disclosures on revenue realization and any regulatory or logistics constraints affecting deployment.