GMI Cloud, a GPU cloud provider that has quietly built one of the larger independent AI infrastructure operations in the US, is pursuing $635 million in GPU-backed financing. Nvidia is reportedly involved in supporting the deal.
What we know about the deal
GMI Cloud operates over 30,000 GPUs housed in US data centers, running Nvidia’s H100, H200, and Blackwell chips. The company focuses specifically on AI inference workloads, which is the production side of AI where models actually serve predictions to users, as opposed to the training phase that gets most of the headlines.
Neither GMI Cloud nor Nvidia has publicly disclosed the terms of the financing, the identity of potential lenders, or a specific timeline for closing.
The relationship between the two companies is already well-established. In May 2025, GMI Cloud was named one of only six global Reference Platform Cloud Partners by Nvidia, a designation that essentially certifies the provider meets Nvidia’s standards for running its hardware at scale. GMI Cloud was also identified as an early contributor to Nvidia DGX Cloud Lepton, Nvidia’s managed cloud AI service.
