Argentum AI CEO Confirms Securing Up to $5 Billion in Debt Financing for AI Chips

MT newswire2026/10/28 15:41

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11:41 AM EDT, 10/28/2026 (MT Newswires) -- Super Micro Computer-backed (SMCI) Argentum AI's founder and CEO Andrew Sobko confirmed that the cloud computing company has lined up $5 billion in debt financing from a global private credit firm to buy artificial intelligence chips. In a emailed response to MT Newswires, Sobko said the financing will "support offtakers, including non-investment-grade ones." Argentum AI has $12 billion in contracted TCV, or total contract value, and 1.4 gigawatts of capacity coming online through 2026 and early 2027, Sobko said. Argentum AI's $5 billion financing was first reported by Reuters on Tuesday. Super Micro Computer did not immediately respond to MT Newswires' request for comment. Price: 34.80, Change: -0.30, Percent Change: -0.84

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