Nvidia is buying into the electricity business that feeds its own data centers. According to The Information, Lancium, the developer of the first Stargate campus, will receive up to $3B from the chipmaker.
The first $2B buys roughly a fifth of the Blackstone-backed firm, putting its value near $10B. A final $1B is contingent on Lancium securing grid connections.
The 1,000-acre plot in Abilene, Texas, renamed Stargate 1, is sized for about 400,000 Nvidia chips. Its eight buildings can each hold up to 50,000 GB200 NVL72 units linked by one network fabric. The campus anchors Stargate, the OpenAI, SoftBank, and Oracle venture announced in January with a potential $500B scope, and Crusoe Energy is building the first structures.
The stake gives Nvidia cover against the power crunch that could stall Vera Rubin, its next architecture, at the campuses built for it. The deal signals that compute providers will increasingly own power and land assets alongside silicon, making energy access part of the chip business itself.
