Chicago-based AI cloud startup Argentum AI is negotiating with a major private credit firm for a $5 billion loan to buy chips for its data center in Poland. The financing is intended for equipment at the company’s 300-megawatt site in Bielsko-Biała, secured through a $2.5 billion agreement with DL Invest Group and Boosteroid. The chips would be leased to customers without investment-grade ratings, a risk partly offset by a contracted revenue backlog exceeding $12 billion. The talks are ongoing, no deal has been confirmed, and the private credit firm involved has not been named.
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