Nvidia to Invest Up to $3 Billion in Power Developer Lancium

On August 8, Nvidia agreed to invest $2 billion in Lancium, a power infrastructure developer, and pledged an additional $1 billion once Lancium secures more planned power resources, bringing the total deal to as much as $3 billion, according to a report from The Information. Lancium supplies power infrastructure for the Stargate AI campus in Texas, the joint artificial intelligence project between OpenAI and Oracle. The transaction values Lancium and its portfolio of land and power interconnection assets at approximately $10 billion, a figure that includes the investment amount and debt. Citing people familiar with the matter, The Information reported that Nvidia's $2 billion investment would give the chipmaker about 20% of Lancium. The deal highlights the increasingly central role of electricity infrastructure in the AI supply chain. Nvidia is moving to speed up the buildout of its AI data center ecosystem by investing in both energy and computing infrastructure.