OpenAI Signs 20-Year 10-Gigawatt Ohio Data Center Lease Backed By Nvidia: All Details
OpenAI has signed a 10-gigawatt data-center lease in Ohio with SoftBank's SB Energy, a deal partly backed by Nvidia and described as the largest data-center project announced to date. The agreement caps weeks of negotiations over the project. Nvidia's financial backstop According to WSJ, the deal is backed by a commitment from Nvidia intended to help the developer raise debt financing without…
OpenAI has entered into a substantial 10-gigawatt data center lease agreement in Ohio, backed by SoftBank's SB Energy and Nvidia. This marks the largest data center project announced to date and follows weeks of negotiations. Nvidia's financial commitment aims to facilitate debt financing for the developer while limiting its exposure to risk.
Nvidia has pledged to support the first phase of the project, which is projected to require around 5 gigawatts of power. In return, Nvidia will be the exclusive chip provider for the first half of the site and will acquire an equity stake in SB Energy, with the option to increase its investment to cover the entire campus in the future.
The Ohio campus, situated on a former uranium-enrichment site owned by the U.S. Department of Energy, is anticipated to generate enough energy to power seven million homes. The transaction involves collaboration between Commerce Secretary Howard Lutnick and Energy Secretary Chris Wright. OpenAI is also enhancing its Daybreak cybersecurity program with the launch of a more permissive GPT-5.6-Cyber model.
Nvidia's involvement is expected to lower financing costs by providing assurance to lenders that the data centers will retain their value even if OpenAI were no longer the tenant.
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