OpenAI has signed a 10 GW data‑center lease with SB Energy in Ohio. People
familiar with the matter say NVIDIA has committed support to help raise debt
financing by guaranteeing part of the value of completed data‑center assets,
starting with the first phase (about 5 GW). In return NVIDIA will be the
exclusive chip supplier for the first half of the project and will take an
equity stake in SB Energy. NVIDIA may later expand its guarantees to the entire
campus. The guarantees are structured against asset value rather than OpenAI’s
ongoing rent, a design intended to limit NVIDIA’s risk while boosting lender
confidence and lowering financing costs.
