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Nvidia plans to invest up to $3 billion in Lancium, the power company behind the Stargate project. Nvidia has agreed to invest $2 billion in Lancium, the power infrastructure developer, according to three people familiar with the transaction.
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Source: Telegram AI频道
Nvidia plans to invest up to $3 billion in Lancium, the power company behind the Stargate project. Nvidia has agreed to invest $2 billion in Lancium, the power infrastructure developer, according to three people familiar with the transaction. The company is the power supporting service provider for OpenAI and Oracle AI Park in Texas; at the same time, NVIDIA promises that if the developer obtains more planned power resources, it will invest an additional US$1 billion. The transaction values Lancium and its land and power access assets at an enterprise value of approximately US$10 billion, including this investment and corporate debt. The $2 billion investment will give Nvidia an approximately 20% stake in the power developer, in which Blackstone Group has a stake. People familiar with the matter said that once Lancium's multiple parks meet established conditions such as grid access, Nvidia's shareholding ratio can rise to about 30% after an additional investment of US$1 billion. At present, the power supply of AI data centers is becoming increasingly tight. This transaction is intended to help Nvidia lock in several gigawatts of power quota to be implemented for chip customers' data projects. via cnBeta.COM - Chinese industry information website (author: Source: Global Market Report)