Nvidia is negotiating a potential $3 billion investment in SB Energy, a SoftBank subsidiary developing a massive data center campus in Pike County, Ohio. The investment would be split into two tranches: $1.5 billion at signing and an additional $1.5 billion tied to SB Energy’s planned IPO. If the full project materializes, total costs could exceed $500 billion. The campus is designed to reach 10 gigawatts of power capacity, with the first phase expected around 2028. Nvidia’s financial guarantees for OpenAI’s leasing capacity have been reduced from $250 billion to under $120 billion.
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