GMI Cloud raises $668M for GPU expansion

GMI Cloud announced $668 million in new financing—$223 million in Series B equity plus a $445 million CTBC credit facility—to expand GPU capacity across the United States, Taiwan, and Southeast Asia. In the syndicated financing announcement, GMI says contracted ARR has topped $600 million and its inference platform processes about 4 trillion tokens a week. The equity-plus-debt split matters: AI buyers should treat this as capacity expansion backed partly by leverage, not $668 million of unrestricted operating cash, and verify delivery dates and regions before committing workloads; the archive’s financing analysis distinguishes announced capital from usable capacity.