Zankore

AI Infrastructure · Cloud Computing · Telecom

Funding

Zankore secures $3.1B loan to buy Nvidia GPUs across Southeast Asia

The financing arrived before the company built a single data center, a bet on demand curves rather than balance-sheet history.

• Zankore signed an up to $3.1 billion senior term loan facility to fund Nvidia-powered GPU and cloud infrastructure across Indonesia and Southeast Asia, with Citi as exclusive debt adviser leading the bank syndicate.
• Zankore is a 'neocloud' AI compute platform that launched in Jakarta on August 6, backed by Indosat Ooredoo Hutchison, Qatar's Ooredoo Group (49% founding stake), Nvidia and Nokia.
• Loan proceeds will buy Nvidia GPUs for 'DSX AI Factory' capacity, starting with 100MW in Indonesia, scaling to roughly 200MW by H1 2027 and a targeted 1GW across Southeast Asia over three years.
• The facility includes revenue-sharing and credit-support arrangements that tie the pace of GPU deployment to actual customer demand, a structure meant to make scaling more capital-efficient.
• Five international banks -- Citi, ING, Natixis CIB, Qatar National Bank and UOB -- underwrote the facility for a company with roughly one month of operating history.
• Nvidia is both a shareholder in and the chip supplier to Zankore, part of its broader push -- including a $500 billion third-party capital initiative -- to get outside financing building AI infrastructure it will supply.
• The deal shows AI compute financing maturing into its own asset class, where banks underwrite billions against projected chip demand rather than a borrower's corporate track record.