Nvidia investing $1.5B in SoftBank data center developer behind OpenAI project

Nvidia is putting $1.5B into SB Energy, a SoftBank- and OpenAI-backed data center developer, to become the sole compute supplier for OpenAI's Ports-Pike site in Ohio. The campus starts at 4.25 GW and can scale to 8 GW. Nvidia will also extend up to $105B in credit for construction. A $33B natural gas plant will power it, built on former DOE uranium-enrichment land. The deal is essentially Nvidia locking in long-term chip orders with cash and credit, not a pure financial bet.

Why it matters: Nvidia puts $1.5B equity into SoftBank's SB Energy, locking in exclusive compute-supplier status for OpenAI's Ohio data center campus, plus up to $105B in construction credit. The deal ties three parties' interests tightly — big scale, novel structure — but the post doesn't sp...