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Bloomberg reports Moonshot-linked rental of Nvidia B300 servers

Documents reviewed by Bloomberg News indicate that Moonshot AI arranged to use 32 servers fitted with Nvidia B300 GPUs in China. Moonshot disputed the documents and said it had no business relationship with the company that owned the server

AI.info Team · Written with AI · fact-checked · 2026-11-10

Filings point to a server arrangement

Moonshot AI signed an agreement in August to rent 32 Super Micro Computer servers fitted with Nvidia B300 GPUs, according to documents reviewed by Bloomberg News. The filings valued the servers at 432 million yuan ($64.8 million) and placed them in China. The reported arrangement could breach US export rules requiring an explicit license for sales to the country, but Bloomberg News said it could not determine whether a license had been obtained; Moonshot disputed the documents’ accuracy.

The records were two financing contracts signed on Aug. 4 by Lingmeixin (Beijing) Technology, which owned the servers, and Beijing Zhongguancun Bank, which financed the purchase. Chinese companies are legally required to submit certain financing details to a database maintained by the credit agency of the People’s Bank of China. The bank filed the contracts on Aug. 6, two days after they were signed.

After Bloomberg News sought comment from Moonshot, Lingmeixin and the bank on Nov. 3, documents in the database no longer mentioned Moonshot, the report said. A Moonshot spokesperson said, “We currently have no business relationship with Lingmeixin.” The spokesperson added that Moonshot neither took part in nor authorized the financing or guarantee arrangements and had no knowledge of them.

Loan backed by equipment and service income

The contracts describe a 200 million yuan ($30 million) loan from Beijing Zhongguancun Bank to finance the server purchase. Lingmeixin provided two forms of collateral: the servers and earnings of 345.6 million yuan derived from a service contract with Beijing Dark Side of the Moon Technology, Moonshot’s main entity. Lingmeixin and the bank did not respond to requests for comment.

In a statement attached to the contracts, Lingmeixin said the equipment was intended to fulfil that service contract, and that Moonshot had the right to use computing services but did not own the hardware. The contracts imply a value of 13.5 million yuan ($2 million) for each server, about 350% above the going rate in the US, according to the report. Bloomberg News said the premium likely hints at a black market where tight demand is hardly satisfied by limited supply under US export controls.

The contracts say Lingmeixin bought the servers from a recently established subsidiary of Beijing Chunju Technology. They do not establish how that subsidiary obtained the Super Micro servers or what it paid for them. The contracts place the servers in Qingyang, in western China.

Export restrictions and company responses

The US has accused Moonshot of training some of China’s frontier AI models using restricted Blackwell chips, Bloomberg News reported. The outlet also reported in July that the company had a channel for accessing the processors. Separately, after Moonshot released Kimi K3 over the summer, a White House official said the startup had accessed restricted Nvidia hardware.

A Super Micro spokesperson said the company “does not conduct business with these entities” and is committed to following applicable US export and re-export control laws and regulations.