Nvidia to invest up to $3 billion in Stargate data center developer Lancium, the Information reports
The chipmaker will take a roughly 20% stake and could add $1 billion more if grid hookups and other thresholds are met, the report said.
- On Friday, Nvidia announced plans to invest up to $3 billion in Lancium, a power infrastructure developer behind the Stargate data center campus in Texas, according to The Information.
- Lancium owns the 1,000-acre Lancium Clean Campus in Abilene, Texas, which serves as the first operational site for the Stargate initiative, according to reports.
- The chipmaker will invest an initial $2 billion for a roughly 20% stake in the Blackstone-backed company, with an enterprise value of around $10 billion. An additional $1 billion may follow if grid hookup thresholds are met.
- Stargate is a joint venture formed by SoftBank, OpenAI, and Oracle; President Donald Trump announced the project in January, estimating a total investment of up to $500 billion for artificial intelligence infrastructure.
- The capital is expected to help Lancium expand its operations as the company explores a potential initial public offering in 2027, according to reports.
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Nvidia is accelerating the strengthening of its artificial intelligence (AI) infrastructure capabilities by investing in power companies. It appears to be moving beyond the supply of AI accelerators, typified by Graphics Processing Units (GPUs), to directly securing the power grids necessary for data center operations. The U.S. IT news outlet The Information reported that Nvidia is investing up to $3 billion (approximately 4.2 trillion won) in p…
Nvidia reportedly plans up to $3 billion investment in Lancium
Nvidia reportedly plans to invest up to $3 billion in Lancium, a Texas-based power infrastructure developer whose sites support some of the largest artificial intelligence data centers in the US. According to The Information, Nvidia would initially invest $2 billion for a stake of approximately 20% in the company. The chipmaker could invest a further $1 billion if Lancium meets certain targets, including securing additional connections to the el…
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Power Firm Behind Stargate
Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas, and has agreed to commit another $1 billion as the developer secures additional planned power, three people familiar with the transaction said. The deal values ...
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = NVIDIA, the world's largest developer of artificial intelligence (AI) chips, is making a direct investment in a power company following data center leasing...
The Economic Times
Times of IndiaNvidia to invest up to $3 billion in Stargate data centre developer Lancium: The Information
Nvidia will get a 20% stake in Lancium for the first $2 billion investment, and its stake could grow to an additional $1 billion if Lancium hits certain thresholds, the Information said, citing people familiar with the matter.
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