Nvidia ($NVDA) is backing a massive new Ohio data center campus that OpenAI will lease from SoftBank-backed SB Energy, combining Nvidia AI infrastructure with a planned 8 gigawatts of computing capacity. Nvidia will also invest $1.5 billion in SB Energy as the companies prepare the Pike County campus for phased deployment beginning in 2028.

• Nvidia will provide credit support for land, power and shell capacity covering an initial 4.25 gigawatts, with an option for the remaining 3.75 gigawatts.
• Bloomberg reported Nvidia's support could total as much as $105 billion; OpenAI will begin lease payments as capacity becomes available.
• OpenAI will lease the SB Energy-built and operated campus for 20 years, with Nvidia serving as the exclusive AI compute infrastructure provider.
• SB Energy and SoftBank plan at least 10 gigawatts of new power generation and $4.2 billion in regional grid infrastructure through a partnership with American Electric Power ($AEP) subsidiary AEP Ohio.
• OpenAI said the project will support 35,000 construction jobs through 2032 and 2,500 long-term jobs, alongside an $80 million community benefits fund.

Relevant Companies

• Nvidia ($NVDA) - Exclusive AI compute provider for the campus and a $1.5 billion investor in SB Energy.
• American Electric Power ($AEP) - AEP Ohio is partnering on the project's multibillion-dollar regional grid buildout.
• SoftBank Group ($SFTBY) - SB Energy's backer and partner in the power and infrastructure buildout.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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