Mistral secures $830M debt to buy 13,800 Nvidia chips for Paris data centre
European AI provider Mistral secured $830 million in debt financing to purchase 13,800 Nvidia chips for a Paris data centre slated to go live in Q2 2026. The funding from a seven-bank consortium including BNP Paribas and HSBC marks Mistral’s first debt raise and signals strong demand.
1. Deal Details
Mistral has arranged $830 million in new debt to acquire 13,800 Nvidia GPUs for its first data centre outside France’s capital. The chips are earmarked for a facility near Paris designed to support large-scale AI model training and inference workloads.
2. Financing and Timeline
A consortium of seven banks, led by BNP Paribas, Crédit Agricole CIB, HSBC and MUFG, provided the debt facility. The Paris data centre is expected to become operational in the second quarter of 2026.
3. Implications for Nvidia
This sizable GPU order highlights accelerating demand for Nvidia’s AI-optimized hardware in Europe. The deal could contribute meaningfully to Nvidia’s revenue growth and reinforce its leadership in the global AI infrastructure market.