Anabelle Colaco
10 Aug 2026, 17:50 GMT+10
SANTA CLARA, California: Nvidia plans to invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data center campus in Texas, according to a report by The Information.
The report said Nvidia would initially invest $2 billion for a stake of roughly 20% in Lancium, which is backed by Blackstone.
According to people familiar with the matter cited by The Information, Nvidia could invest an additional $1 billion if Lancium meets certain milestones, including securing grid hookups.
The deal values Lancium and its portfolio of land and power connections at an enterprise value of about $10 billion, the report said.
The investment is expected to help Lancium expand its operations as it explores a potential initial public offering in 2027, according to the report.
Nvidia and Lancium did not immediately respond to requests for comment.
Stargate is a joint venture between SoftBank, OpenAI and Oracle to build artificial intelligence data centers. The project was announced in January by U.S. President Donald Trump, who said the companies planned to invest up to $500 billion in AI infrastructure.
Lancium owns the 1,000-acre Lancium Clean Campus in Abilene, Texas, which serves as the first operational site of the Stargate initiative.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationDUBAI/WASHINGTON/CAIRO: Iran has said it is close to finalizing an agreement with Oman to set new shipping routes through the Strait...
BERLIN, Germany: A bus driver at a major German airport stopped a possible attack by knocking a drone carrying explosives out of the...
KATHMANDU, Nepal: Rescue teams in Nepal have found five bodies in a mountain area where five climbers went missing last year, officials...
SEOUL, South Korea: As a severe heat wave grips the Korean Peninsula, North Korean state media have highlighted a range of foods, including...
TOKYO/BEIJING: Typhoon Dolphin hit Japan's southern Okinawa region on August 8, leaving several people injured and widespread power...
SANTA FE, New Mexico: Meta has been ordered to pay $567 million into a New Mexico teen mental health fund and make sweeping changes...
ATLANTA, Georgia: U.S. health authorities are looking into a Salmonella outbreak linked to jalapeño peppers imported from Mexico, which...
(Photo credit: David Frerker-Imagn Images) Though the trading deadline passed on Aug. 3, the San Diego Padres aren't done making...
(Photo credit: Andrew Dieb-Imagn Images) Pete Alonso is feeling great after his first multiple-homer game with the Baltimore Orioles....
(Photo credit: Vincent Carchietta-Imagn Images) The Atlanta Braves will be looking for their 10th straight victory at home on Monday...
(Photo credit: Eric Hartline-Imagn Images) Derek Hill hit a walk-off RBI single to help the Philadelphia Phillies defeat the visiting...
(Photo credit: Michael McLoone-Imagn Images) Jake Bauers hit a walk-off single in the bottom of the 10th inning to lift the host...
