Supermicro-backed neocloud Argentum AI seeks $5B for chip financing: report

[Data center] piranka/E+ via Getty Images The Supermicro-backed (SMCI [https://seekingalpha.com/symbol/SMCI]) neocloud Argentum AI is currently in discussions with a major private credit firm to secure $5B in financing for the purchase of AI chips, according to _Reuters_. Supermicro shares popped up 7% by noon trading. The funds would help supply chips for Argentum's data center in Poland with DL Invest Group, the report [https://www.reuters.com/business/finance/neocloud-firm-argentum-ai-talks-5-billion-ai-chip-financing-sources-say-2026-10-27/] said, citing anonymous sources familiar with the matter. The 300MW facility is designed to house tens of thousands of Nvidia's (NVDA [https://seekingalpha.com/symbol/NVDA]) GPUs.