Nvidia provides $120bn backstop financing to SB Energy for 4.25GW OpenAI capacity at Ports‑Pike data center
Type: Financing · Technology: Data Center · Country: United States · Capacity: 4.25 GW · Value: $120B · Announced: 2026-08-17
Nvidia provides $120bn backstop financing to SB Energy for 4.25GW of OpenAI capacity at the Ports‑Pike mega data center in Pike County, Ohio. The financing covers land, power, and shell (LPS) infrastructure and will be drawn down as data center phases become operational between 2028 and 2030. The project, led by SB Energy, aims to become the world’s largest data center with a potential total capacity of 10GW. The deal secures Nvidia’s exclusive GPU deployment at the site and reduces OpenAI’s credit exposure during the build‑out. The financing structure includes a phased guarantee and a residual‑value commitment, with Nvidia limiting its exposure to defined lease and power payments.
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