Key Highlights

  • Nvidia (NASDAQ:NVDA) will provide more than $100 billion in Credit support for a new OpenAI data centre being developed in Pike County, Ohio, alongside SoftBank-backed SB Energy
  • Nvidia will also invest $1.5 billion directly into SB Energy, which will build, own and operate the data centre under a 20-year Lease with OpenAI as its main customer
  • OpenAI plans to lease as much as 8 gigawatts of AI computing power at the site, with the first 800 megawatts expected online in 2028
  • Nvidia stands to generate an estimated $150 billion to $200 billion in Revenue from the site as the exclusive supplier of its computing systems

Nvidia Backs $100bn OpenAI Data Centre in Ohio

Nvidia (NASDAQ:NVDA) has agreed to provide more than $100 billion in credit support for a major new OpenAI data centre in Ohio, developed alongside SoftBank-backed energy company SB Energy, in one of the largest AI infrastructure deals to date. The chipmaker will also invest $1.5 billion directly into SB Energy, which was founded as part of the SoftBank Group in 2019 and has more recently focused on data centre development after striking a separate $1 billion alliance with OpenAI in January.

OpenAI plans to lease as much as 8 gigawatts of AI computing power at the site, known as the PORTS-Pike Technology Campus in Pike County, Ohio, which is expected to take until 2032 to complete. The first 800 megawatts of capacity is expected to come online in 2028. SB Energy will build, own and operate the data centre, with OpenAI signing a 20-year lease as its primary customer.

Nvidia Provides Credit Backstop for Land, Power and Infrastructure

Nvidia will provide credit support capped at $105 billion for the "land, power and shell" development of the project, according to a regulatory filing, backstopping the property, energy and Warehouse infrastructure needed to eventually house more than 1 million of its AI chips. One condition of Nvidia's obligation is that the Ohio Facility must be ready to begin operating in 2028.

The deal follows a separate landmark agreement last week under which Nvidia agreed to assemble more than $500 billion from a consortium of Wall Street firms to help finance its customers' infrastructure needs. Nvidia's chief executive rejected the suggestion that the latest arrangement amounts to circular financing, writing in a blog post that the company is using its scale and long-term visibility to facilitate the broader build-out, describing land, power and shell constraints as an increasingly critical bottleneck for AI infrastructure deployment.

Deal Underscores Deepening Financial Ties Across the AI Industry

Nvidia's chief executive said the company generates between $150 billion and $200 billion in revenue from the site as the exclusive supplier of the computing systems underpinning what could become one of the world's largest AI data centres. OpenAI's spending on Nvidia chips could reach as much as $600 billion by 2030 if the company extends the Ohio project beyond its initial 4.25-gigawatt commitment.

The arrangement is the latest example of how major technology companies, including Nvidia, Google and Amazon, are using their balance sheets to strike alliances with OpenAI and Anthropic, betting hundreds of billions of dollars that Demand for AI services will continue to grow in the years ahead.