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.
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