Filings show Moonshot AI rented Nvidia B300s in China

Documents filed with Beijing regulators show that Chinese AI startup Moonshot AI signed a contract in August to rent 32 servers built by Super Micro Computer ↘ 2.83% and fitted with B300 GPUs from Nvidia ↘ 5.47%, Bloomberg reported on Tuesday. The B300 is Nvidia's most powerful AI accelerator. The filings valued the servers at 432 million yuan ($64.8 million) and placed them inside China. That points to a possible breach of US rules that bar such sales to China without an explicit license. Bloomberg could not determine whether a license was obtained.bloomberg.com+1

Moonshot, the developer of the Kimi models, disputed the documents' accuracy. After Bloomberg asked for comment on November 3, the database entries no longer mentioned Moonshot.economictimes.com

The financing trail

The documents were two financing contracts signed on August 4 by Lingmeixin (Beijing) Technology Co., which owns the servers, and Beijing Zhongguancun Bank, which financed the purchase. The bank lent 200 million yuan ($30 million). Lingmeixin put up the servers as collateral, along with 345.6 million yuan in expected revenue from a service contract with Moonshot's main entity, Beijing Dark Side of the Moon Technology Co. A statement attached to the contracts said Moonshot "only has right to use the compute service, with no ownership of the equipment".finance.yahoo.com

The contracts put the value of each server at about 13.5 million yuan, roughly 350% above the going US rate. The servers are kept in Qingyang, one of China's national computing hubs in the west of the country. On its website, Lingmeixin describes itself as a distributor of DJI drones. It bought the servers from a new subsidiary of Beijing Chunju Technology, a company known mainly for selling liquor such as Moutai, and the documents do not show how that company obtained them.thenextweb.com+1

Denials all around

"We currently have no business relationship with Lingmeixin," a Moonshot spokesperson said. "We neither participated in nor authorized the related financing or guarantee arrangements, and had no knowledge of them." Nvidia said the entities involved "are not Nvidia customers." Super Micro said it "does not conduct business with these entities" and is committed to complying with US export controls.seekingalpha.com

Mounting pressure on Nvidia

US officials have already accused Moonshot of training frontier models such as Kimi K3 on restricted Blackwell chips. The company plans to list in Hong Kong early next year. The report adds to scrutiny of Nvidia after CEO Jensen Huang admitted to an affair with a former executive of Megaspeed, a company linked to a US chip-smuggling probe, whom US officials suspect of spying for China. Nvidia shares fell on Monday and are now down for 2026. Chinese developers have also rented servers outside China, especially in Southeast Asia, to reach Nvidia's top chips, even as Beijing pushes domestic alternatives.investing.com+3