Lates News

According to The Information, NVIDIA (NVDA.O) has agreed to invest $2 billion in power infrastructure developer Lancium, with a commitment to invest an additional $1 billion after the company secures more planned power resources. The deal values Lancium and its land and power connection assets at approximately $10 billion, which includes the investment amount and debt. Lancium is a power infrastructure company backed by Blackstone Group, responsible for developing power infrastructure projects in Texas, serving OpenAI and Oracle AI campuses.