Nvidia to invest up to $3 billion in Stargate data centre developer Lancium: The Information

Nvidia will invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data centre campus in Texas, the Information reported on Friday.

The chipmaker will invest an initial $2 billion for a ‌stake of ⁠roughly ⁠20% in Lancium, which is backed by Blackstone, according to the report.

Nvidia could invest an additional $1 billion ​if the company meets certain thresholds, including grid hookups, the report said, citing people familiar with ​the matter.


Under the deal, ⁠Lancium and ‌its portfolio of land and ​power connections ​have an enterprise value of ⁠around $10 billion, according to the Information.

The capital ​is expected to help Lancium expand ​its operations as it explores a potential initial public offering in 2027, the report said.

Nvidia and Lancium did not immediately respond to Reuters' requests for comment.

Stargate is ‌a joint venture between SoftBank, OpenAI and Oracle to build data centres. The ​project ​was announced in ⁠January by U.S. President Donald Trump, who said that the companies would invest up to $500 billion to ​fund infrastructure for artificial intelligence.

Lancium owns the 1,000-acre Lancium Clean Campus in Abilene, Texas, which serves as the first operational site of the Stargate initiative.