Nvidia (NVDA) Stock: $105B Guarantee Backs OpenAI’s Massive Ohio Data Center
TLDR
- Nvidia has agreed to provide up to $105B in credit support for a new OpenAI data center in Pike County, Ohio
- Nvidia will also make a $1.5B direct equity investment in SB Energy, the SoftBank subsidiary developing the site
- Nvidia will be the exclusive chip supplier for the facility, with potential hardware revenue of $150B to $200B
- The Ohio campus will have a total capacity of 8 gigawatts, with first 800 megawatts expected online in 2028
- OpenAI spending on Nvidia chips could reach $600B by 2030 if the site expands to full capacity
Nvidia has agreed to backstop a massive new OpenAI data center campus in Pike County, Ohio, with a credit guarantee of up to $105 billion. The facility is being developed, owned, and operated by SB Energy, a subsidiary of SoftBank Group, with OpenAI signing a 20-year lease as the anchor tenant.
As part of the deal, Nvidia will make a $1.5 billion direct equity investment in SB Energy. Nvidia will also serve as the exclusive supplier of AI computing systems for the site.
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