By DataCenterKnowledge
Publication Date: 2026-08-19 13:44:00
Nvidia is putting up as much as $105 billion in residual-value guarantees for OpenAI’s planned Ohio data center campus, giving the chipmaker a financial role in the AI infrastructure buildout that goes beyond supplying GPUs.
The guarantees cover an initial 4.25 GW of IT capacity at SB Energy’s PORTS-Pike Technology Campus in Pike County, Ohio. Nvidia also has an option to provide support for another 3.75 GW, bringing the planned campus to about 8 GW of IT capacity. SB Energy will build, own and operate the campus under a 20-year lease with OpenAI.
Nvidia disclosed the guarantees in an Aug. 17 SEC filing. Its aggregate payment obligation for the initial guarantees is capped at $105 billion. The guarantees are tied to the residual value of the leased infrastructure rather than representing a $105 billion investment in the project.
If specified default or insolvency events occur, Nvidia can be responsible for a shortfall between a guaranteed minimum value under the leases and amounts recovered by SB Energy through reletting or selling the facilities. OpenAI has agreed to reimburse and indemnify Nvidia for amounts Nvidia actually pays under the guarantees.
The actual guarantee agreements have not yet been filed. Nvidia said they will be included as exhibits to its quarterly report for the period ended July 26, providing the detailed terms and guaranteed minimum values.
Nvidia Sees Long-Lived Assets
Nvidia…
