Nvidia agreed to invest up to $3 billion in Blackstone-backed power infrastructure developer Lancium.
The deal includes an initial $2 billion investment for a 20% stake in the company.
An additional $1 billion is contingent on Lancium meeting specific performance thresholds.
Lancium develops large-scale, energy-efficient campuses designed for AI workloads.
The flagship Stargate campus in Texas will support operations for OpenAI and Oracle.
This investment secures the massive power resources required to fuel artificial intelligence growth.