Nvidia to provide $250bn financing backstop for OpenAI's planned 10GW Ohio data center
Type: Financing · Technology: Data Center · Country: United States · Capacity: 10 GW · Announced: 2026-07-27
Nvidia is negotiating a $250bn financing backstop for OpenAI's planned 10GW data center in southern Ohio. The facility, slated for a first phase of 800MW in 2028, would be built on former Department of Energy land that once housed a uranium enrichment site. The backstop would focus on financing the data center build‑out and lease, not on purchasing the GPUs that will run the AI workloads. By securing such a large financing guarantee, Nvidia aims to enable OpenAI to deploy massive AI compute capacity while mitigating debt costs for the project. The deal underscores Nvidia's strategy of deepening its financial ties to AI customers and positions the Ohio site as the largest data center ever built.
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