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Nvidia plans to invest up to $3 billion in Lancium, including an initial $2 billion for a 20% stake in the Stargate data center developer backed by Blackstone.
Nvidia (NVDA) plans to invest up to $3B in Lancium, an energy infrastructure company backed by private equity firm Blackstone (BX), The Information reported, citing people familiar with the matter.
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Nvidia invests $3B in Lancium, developer of Stargate data center campus in Texas. Chipmaker takes 20% stake, eyes IPO for Lancium in 2027.
Aug 7 (Reuters) - 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 ...
Nvidia will get a 20% stake in Lancium for the first $2 billion investment, and its stake could grow to an additional $1 billion if Lancium hits certain thresholds, the report said.