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Nvidia backs OpenAI's Ohio AI data center with $105B guarantee FAST-MOVING
Nvidia has entered a major infrastructure deal to support a massive AI data center project in Pike County, Ohio. Through a series of financial filings and announcements, the chipmaker has committed to investing $1.5 billion in SB Energy, a SoftBank-owned developer, and providing a financial backstop for the project.
OpenAI has signed a 20-year lease for the PORTS-Pike Technology Campus, which is slated to provide an initial 4.25 gigawatts of IT capacity, with options to scale up to 8 gigawatts. Nvidia will serve as the exclusive provider of the site's AI compute infrastructure, supplying its DSX AI factory platform, including GPUs, CPUs, and networking equipment.
Nvidia's financial commitment includes residual value guarantees for the initial phase of the buildout, capped at $105 billion. These guarantees are designed to protect against potential defaults or insolvency by OpenAI, covering the difference between guaranteed lease values and what can be recovered through replacement tenants or sales. The project is expected to begin coming online in phases starting in 2028.
Entities
Nvidia · Ohio · OpenAI · Pike County · SB Energy · SoftBank · SoftBank Group
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The project has an option to scale from an initial 4.25 gigawatts to a total of 8 gigawatts. crypto.news · www.unite.ai
- [● 3 SOURCES] Nvidia will serve as the exclusive provider of AI compute infrastructure for the campus. crypto.news · www.it-boltwise.de · www.unite.ai
- [DISPUTED] Nvidia is investing $1.5 billion in SB Energy. crypto.news · www.it-boltwise.de · www.constellationr.com · www.unite.ai · www.cryptopolitan.com · +1 more
- [● 4 SOURCES] SB Energy, a SoftBank subsidiary, will build, own, and operate the data center campus. crypto.news · www.constellationr.com · www.unite.ai · www.cryptopolitan.com
- [● 4 SOURCES] OpenAI has signed a 20-year lease for the PORTS-Pike Technology Campus in Ohio. crypto.news · www.constellationr.com · www.unite.ai · www.cryptopolitan.com
- [● 4 SOURCES] Nvidia has agreed to guarantee up to $105 billion in lease obligations for the initial 4.25 GW phase. crypto.news · the-decoder.de · www.unite.ai · time.news
- [● 3 SOURCES] The data center capacity is expected to come online in phases starting in 2028. crypto.news · newsbit.nl · www.unite.ai
- [● 2 SOURCES] The project is located at the former Portsmouth Gaseous Diffusion Plant in Pike County, Ohio. crypto.news · www.cryptopolitan.com