Nvidia to invest up to $3B in AI power developer Lancium

Semiconductor giant Nvidia has agreed to invest up to $3 billion in power infrastructure developer Lancium, a major strategic move into the physical backbone required for artificial intelligence. The deal, first reported on August 7, 2026, will see Nvidia initially invest $2 billion for an approximately 20% stake in the Blackstone-backed company, with an additional $1 billion contingent on Lancium meeting specific power capacity and grid connection milestones. The agreement values Lancium's portfolio, including land and power assets, at an enterprise value of around $10 billion.

The investment underscores the critical and growing bottleneck of power supply in the global AI expansion. Lancium specializes in developing large-scale, grid-connected data center campuses, positioning it as a key enabler for energy-intensive AI computing. Its flagship asset is the 1,000-acre Lancium Clean Campus in Abilene, Texas, which serves as the first operational site for the massive Stargate AI infrastructure initiative. Stargate is a joint venture between SoftBank, OpenAI, and Oracle, which was announced in January 2026 with ambitions to deploy up to $500 billion in AI infrastructure across the...