Nvidia to invest up to $3 billion in Stargate data center developer Lancium, the Information reports

Aug 7 : Nvidia will invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data center campus in Texas, the Information reported on Friday.• The chipmaker will invest an initial $2 billion for a stake of roughly 20 per cent in Lancium, which is backed by Blackstone, according to the report.• Nvidia could invest an additional $1 billion if the company meets certain thresholds, including grid hookups, the report said, citing people familiar with the matter.• Under the deal, Lancium and its portfolio of land and power connections have an enterprise value of around $10 billion, according to the Information. • The capital is expected to help Lancium expand its operations as it explores a potential initial public offering in 2027, the report said.• Nvi