SANGRIX Announces November 2026 Delivery Schedule for 128-GPU NVIDIA Blackwell B300 Project in Malaysia

SANGRIX’s $11M AI server deployment in Malaysia is now set for November delivery.

What the company is saying

SANGRIX INC. is updating investors on the delivery status of its first NVIDIA Blackwell B300 AI infrastructure project in Malaysia, emphasizing that 16 servers comprising 128 GPUs are now scheduled for delivery during the week of November 3, 2026. The company highlights this as a foundational step in building its AI infrastructure business, with Chairman and CEO Jinghai Jiang stressing execution, customer delivery, and the drive to recurring revenue. The announcement frames the $11 million acquisition as a strategic investment, reiterating that hosting and customer deployment arrangements have already been executed. SANGRIX acknowledges that the delivery timeline has shifted from the original Q3 2026 estimate to November, attributing this to manufacturer logistics. The tone is confident but measured, repeatedly referencing operational discipline and the need to meet contractual and technical acceptance requirements before commercial launch. The company signals that further updates will be provided as key milestones—delivery, commissioning, and operational go-live—are reached.

What the data suggests

The release confirms a capital outlay of approximately US$11 million for 16 NVIDIA Blackwell B300 AI servers, totaling 128 GPUs, with deployment targeted at a Malaysian data center. Delivery is now expected in early November 2026, a delay from the previously stated third-quarter timeline. The operational process after delivery—inspection, racking, and testing—is projected to take about one week, with commercial deployment contingent on successful commissioning and contractual acceptance. No realised revenue, customer names, or operational results are disclosed; all financial benefits remain prospective. The disclosure is specific on hardware, cost, and process, but there is no evidence of customer workloads or recurring revenue at this stage. The update is operationally detailed but does not provide any financial performance metrics or customer validation.

Analysis

The announcement provides a detailed operational update on the delivery and deployment of 16 NVIDIA Blackwell B300 AI servers in Malaysia, with a disclosed acquisition cost of approximately US$11 million. While the update is specific about hardware quantities, cost, and revised delivery timing, the majority of key claims are forward-looking: server delivery, installation, testing, and the commencement of commercial operations are all contingent on future events. The company emphasizes its strategy to build an AI infrastructure business and to translate investment into recurring revenue, but no realised revenue, profit, or cash flow metrics are disclosed. The capital outlay is significant, and the benefits (commercial operations, recurring revenue) are not immediate but expected within the next 1-2 months, placing execution distance in the near term. The tone is optimistic and forward-focused, but the gap between narrative and realised progress is moderate, as no operational or financial outcomes have yet been achieved.

Risk flags

• ●Execution risk is elevated due to the reliance on timely delivery from the manufacturer; the timeline has already slipped from Q3 to November 2026, and further delays could impact commercial launch and revenue generation.
• ●Operational risk persists as production deployment is contingent on successful inspection, racking, testing, and meeting all contractual acceptance requirements; any failure or delay at these stages could defer commercial operations.
• ●Financial risk is present given the significant upfront capital commitment of approximately US$11 million without any disclosed realised revenue or customer contracts; if commercialisation is delayed or customer uptake is weak, capital returns could be impaired.

Bottom line

SANGRIX is committing US$11 million to launch its first NVIDIA Blackwell B300 AI server project in Malaysia, with hardware delivery now expected in early November 2026. The company’s narrative is focused on execution and building a recurring-revenue AI infrastructure business, but all operational and financial benefits remain forward-looking. The shift in delivery timing signals some execution risk, and no customer or revenue figures have been disclosed to support the investment case. Investors should watch for confirmation of successful installation, commissioning, and the start of commercial operations as the next critical milestones. The most important takeaway is that SANGRIX’s capital-intensive AI infrastructure strategy hinges on flawless execution over the next several weeks to translate this investment into actual revenue.

Announcement summary

(NASDAQ:SGRX) SANGRIX INC., formerly Bit Origin Ltd, has provided a delivery update regarding its NVIDIA Blackwell B300 AI infrastructure project in Malaysia. PT MITRA MANUNGGAL SANGKARA, the seller of the infrastructure, has informed SANGRIX that the 16 B300 servers are scheduled for delivery during the week of November 3, 2026, based on the latest manufacturer update. The systems consist of 128 NVIDIA B300 GPUs and are intended to establish SANGRIX's initial Blackwell-based AI computing capacity in Malaysia. After delivery, inspection, racking, and testing are expected to take approximately one additional week. Production deployment will occur following successful commissioning and satisfaction of applicable acceptance requirements. Jinghai Jiang, Chairman and Chief Executive Officer of SANGRIX, stated that the company’s priority is execution, including completing installation and testing, serving customer workloads, and translating the investment into recurring revenue. The project was originally announced on June 29, 2026, as an approximately US$11 million acquisition of 16 NVIDIA Blackwell B300 AI servers, along with the benefit of previously executed customer deployment arrangements. The servers are intended for deployment at a data center in Malaysia under previously executed hosting arrangements. The expected November 2026 delivery updates the original third-quarter 2026 delivery expectation. Delivery timing remains subject to the manufacturer’s logistics schedule, and the start of commercial operations is contingent on successful installation, testing, and satisfaction of contractual requirements. Mr. Jiang emphasized the company’s strategy to build an AI infrastructure business anchored in operating assets and customer demand, with a focus on disciplined capital allocation and establishing an operating foundation for future growth. SANGRIX will provide further updates as material delivery, commissioning, and operational milestones are achieved.

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