Nvidia to invest up to US$3 billion in Lancium, the power infrastructure firm backing the Stargate AI compute complex.

Nvidia will invest up to US$3 billion in Lancium, a power infrastructure developer and the company behind the Stargate data centre campus in Texas, according to reporting from The Information.

The chipmaker will make an initial US$2 billion investment for a roughly 20 per cent stake in Lancium, which is backed by Blackstone. An additional US$1 billion investment is possible if the company meets certain thresholds, including grid hookups.

Under the deal, Lancium and its portfolio of land and power connections carry an enterprise value of approximately US$10 billion. The capital is expected to support Lancium's expansion efforts as it explores a potential initial public offering in 2027.

Stargate itself is a joint venture between SoftBank, OpenAI and Oracle established to build data centres. The project was announced in January 2025 by US President Donald Trump, who stated that the companies would invest up to US$500 billion to fund infrastructure for artificial intelligence.

Lancium operates the 404.7 hectare Lancium Clean Campus in Abilene, Texas, which serves as the first operational site of the Stargate initiative.