Nvidia plans to invest up to $3 billion in Lancium, the power infrastructure developer behind the Stargate artificial intelligence data center campus in Texas.
The chipmaker is expected to make an initial $2 billion investment for a stake of 20% in Lancium, which is backed by Blackstone. Nvidia could contribute another $1 billion if Lancium reaches milestones, including securing connections to the electricity grid, the report said, citing people familiar with the transaction.
The proposed deal highlights how access to power has become a strategic priority in the race to build AI infrastructure. Nvidia dominates the market for processors used to train and operate AI models, but the expansion of computing capacity is placing pressure on electricity generation, transmission networks and cooling systems. Investing in Lancium would give Nvidia an interest in infrastructure supporting demand for its chips.
Lancium owns a clean-energy campus in Abilene, Texas, where the first Stargate facilities are being developed. Stargate, announced in 2025, is an AI infrastructure initiative involving OpenAI, SoftBank and Oracle, with plans for investment in computing capacity across the United States.
The investment could strengthen Lancium’s finances as it expands its portfolio and considers a public listing. Neither Nvidia nor Lancium confirmed the reported terms.
For Nvidia, the transaction would extend a strategy of backing companies across the AI supply chain, from cloud operators to data center developers. It also underscores a central constraint on AI growth: securing reliable power quickly enough to keep pace with surging demand.
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Power Firm Behind Stargate
Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas, and has agreed to commit another $1 billion as the developer secures additional planned power, three people familiar with the transaction said. The deal values ...
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