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Gds Holdings: The report, citing people familiar with the matter, added that an agreement on a total investment of $500 million to $600 million may be reached as soon as the coming weeks.

Yotta said last month that it would place an order for Nvidia chips but did not give a value for the deal or say which chips it would buy.

Sunil Gupta, CEO and co-founder of Yotta, told Reuters on Thursday that the order would comprise nearly 16,000 of Nvidias artificial intelligence chips H100 and GH200 and will be placed by March 2025.