NVIDIA Corporation (NVDA) Secures Bit Origin’s AI Chips Supply as Prices Skyrocket in China’s Black Market
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NVIDIA Corporation (NVDA) Secures Bit Origin’s AI Chips Supply as Prices Skyrocket in China’s Black Market Neha Gupta Sun, July 5, 2026 at 6:50 PM EDT 2 min read NVDA BTOG NVIDIA Corporation (NASDAQ: NVDA ) is one of the top AI Stocks to buy according to billionaire Philippe Laffont . On June 29, Bit Origin, an emerging AI computing infrastructure company, announced an agreement to the acquire about $11 million worth of NVIDIA Corp (NASDAQ:NVDA)'s Blackwell B300 AI infrastructure assets. The Singapore-based company will fund the purchase with $1 million in cash and $10 million in equity issued through pre-funded warrants. The transaction also includes customer deployment agreements and hosting contracts tied to the AI infrastructure. The assets acquired include 16 Nvidia Blackwell B300 AI servers slated for delivery in the third quarter. The company is to deploy the servers at a data center facility in Malaysia. Following their delivery and deployment, Bit Origin expects to generate about $360,000 in recurring monthly revenue before operating expenses. The purchase comes on the heels of the Financial Times reporting on June 24 that Nvidia AI chips have doubled in price in China's black market. The sudden spike in prices comes as the US ramps up a crackdown on illicit exports amid strong demand from Chinese companies. NVIDIA Corporation (NASDAQ:NVDA) is the primary provider of the hardware, software, and infrastructure that power modern artificial intelligence. The company has evolved into a full-stack AI ecosystem. It controls the global market for AI chips used to train and deploy advanced models. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 9 Best Energy Dividend Stocks to Invest In Now and 10 Best Dividend Aristocrat Stocks To Buy Now . Disclosure: None. Follow Insider Monkey on Google News .
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