Nvidia is planning to allocate up to US$ 3 billion to Lancium, an energy infrastructure developer linked to the Stargate data center campus located in Texas.
This news was revealed by The Information last Friday (07), based on sources with knowledge of the matter. Initially, the agreement foresees an investment of US$ 2 billion, which would guarantee Nvidia approximately a 20% stake in Lancium, a company supported by the Blackstone fund.
There is a possibility of an additional investment of US$ 1 billion, provided certain objectives are met, including connecting the developments to the electrical grid. The operation values Lancium and the set of land and energy connections under its control at an estimated corporate value of about US$ 10 billion.
The financial resources will also be used to strengthen the company's expansion while it evaluates a possible Initial Public Offering (IPO) scheduled for 2027. Lancium manages the Lancium Clean Campus, an area of approximately 1,000 acres located in Abilene, Texas, and this complex is the first operational site related to the Stargate initiative, a project focused on building data centers.
The business structure defines an initial capital injection of US$ 2 billion, enough to secure nearly one-fifth of the company for Nvidia. The chance of increasing the investment by another US$ 1 billion depends on meeting specific goals, such as obtaining connections to the electrical grid.
This potential disbursement occurs at a time when Lancium seeks to expand its activities. As reported by The Information, the company is also analyzing the feasibility of conducting an initial public offering of shares in 2027. Lancium has the backing of Blackstone, which is among the company's investors.
With this new agreement, the estimated enterprise value for Lancium, considering its real estate assets and energy connections, reaches approximately US$ 10 billion. The operation is connected to the advancement of Stargate, a venture composed of SoftBank, OpenAI, and Oracle to develop data center facilities. This project was presented in January by U.S. President Donald Trump, who mentioned that the participants intended to allocate up to US$ 500 billion in infrastructure necessary for artificial intelligence.
Neither Nvidia nor Lancium issued immediate responses to requests for comment made by Reuters regarding this transaction.