Nvidia invests $1.5B in SB Energy and backs OpenAI Ohio site with up to $105B
Nvidia on Monday disclosed a dual commitment to anchor OpenAI's Ohio compute expansion: a $1.5 billion equity stake in SB Energy, SoftBank's data center developer, and up to $105 billion in credit or guarantees for the campus OpenAI will lease. SEC filings cited by TechCrunch describe capacity scaling from 4.25 gigawatts toward 8 gigawatts; the New York Times reports the project could cost as much as $500 billion. Multiple outlets characterize Nvidia not only as chip vendor but as financier and exclusive hardware backer for a landmark AI infrastructure build. The Decoder reports a 20-year lease with residual-value guarantees. For operators, the deal suggests frontier compute may depend on closed vendor-lab financing rather than open GPU markets. How much of the $105 billion ceiling is ultimately drawn, and final grid approvals, remain unsettled per public filings.
Nvidia invests $1.5B in SB Energy and backs OpenAI Ohio site with up to $105B
Nvidia said on Monday that it will invest $1.5 billion in SB Energy, a data center linked to SoftBank and OpenAI. Nvidia will also provide up to $105 billion in credit to help build the facility, which could scale from an initial 4.25 gigawatts to 8 gigawatts in size, according to documents the company filed with the SEC.
Key takeaway
Nvidia is coupling a $1.5B SB Energy stake with up to $105B in Ohio financing, locking exclusive silicon into OpenAI's largest disclosed campus.
What happened
Nvidia said on Monday that it will invest $1.5 billion in SB Energy, a data center developer linked to SoftBank and OpenAI, according to reporting tied to company disclosures. Nvidia will also provide up to $105 billion in credit to help build the Ohio facility that OpenAI is set to lease.
SEC filings cited by TechCrunch say the site could scale from an initial 4.25 gigawatts to 8 gigawatts. The New York Times reports the data center could cost as much as $500 billion, while The Decoder says OpenAI signed a 20-year lease for an 8-gigawatt campus with Nvidia guaranteeing up to $105 billion in residual value as exclusive chip supplier.
Evidence
Nvidia will invest $1.5 billion in SB Energy and provide up to $105 billion in credit for an Ohio data center OpenAI will lease.
TechCrunch AI · attributed
Nvidia said on Monday that it will invest $1.5 billion in SB Energy, a data center linked to SoftBank and OpenAI. Nvidia will also provide up to $105 billion in credit to help build the facility, which could scale from an initial 4.25 gigawatts to 8 gigawatts in size, according to documents the company filed with the SEC.
The Ohio data center could cost as much as $500 billion and will be leased by OpenAI.
NYTimes Technology · attributed
The data center, one of the world's largest, could cost as much as $500 billion and will be leased by OpenAI.
Nvidia agreed to spend up to $105 billion to support SB Energy's Ohio campus that OpenAI will lease.
Bloomberg Technology · attributed
Nvidia Corp. has agreed to spend as much as $105 billion to support a massive new data center campus in Ohio set to be leased by OpenAI, marking the latest tie-up between two dominant forces driving the AI boom.
OpenAI signed a 20-year lease for an 8-gigawatt Ohio data center with Nvidia as exclusive chip supplier.
The Decoder · attributed
OpenAI has signed a 20-year lease for an 8-gigawatt data center in Ohio. Nvidia is guaranteeing up to $105 billion for the residual value of the facilities and becomes the exclusive chip supplier.
Nvidia will provide a financial guarantee of up to $105 billion for OpenAI's Ohio data center construction.
Reuters AI · attributed
Nvidia has agreed to provide a financial guarantee of up to $105 billion to support the construction of OpenAI's massive data center in Ohio.
Why it matters
Independent labs and cloud operators face a market where gigawatt-scale training capacity may require vendor-backed credit lines, not commodity GPU purchases.
Limits and uncertainties
The New York Times cites a potential $500 billion total cost, while Nvidia's disclosed financing ceiling is up to $105 billion, leaving the full capital stack unclear from public filings.
SEC documents describe scaling from 4.25 gigawatts toward 8 gigawatts, but build-out timing and how much of the credit facility will be drawn are not specified in the packet.
Practical implications
Infrastructure planners should model multi-year lease and vendor-guarantee structures rather than assuming spot GPU procurement for frontier-scale capacity.
Ohio grid and energy stakeholders may need to assess load from a campus described in filings as scaling to multi-gigawatt capacity.
What to watch
Further SEC filings detailing draw schedules, guarantees, and milestones on the up to $105 billion credit or support facility.
Regulatory and grid approvals for the SB Energy Ohio campus as capacity moves from the cited 4.25-gigawatt starting point toward 8 gigawatts.
Whether other frontier AI labs announce similar Nvidia-backed or vendor-exclusive campus financing packages.
