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 chip-maker will invest an initial $2 billion for a
stake of roughly 20 per cent 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 US 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.
Published on August 8, 2026
