OpenAI in Talks to Lease 10 GW Data Center in Ohio, Nvidia (NVDA) To Play an Important Role – Reuters NVIDIA Corporation (NASDAQ:NVDA) ranks 2nd on our list of Best Data Center Stocks That Are Cheaper Than the S&P 500.
On June 9, Reuters reported that OpenAI is in talks to lease a massive 10-gigawatt data center campus across federal and private land in Ohio
NVIDIA Corporation (NASDAQ:NVDA) is expected to play a key financial and supply role in this deal. The report noted that the campus is estimated to cost at least $500 billion to build, including the chips, labor, power, and other inputs. Reuters highlighted that OpenAI is expected to control the equipment under a 20-year lease, with payments beginning once operations start.
The first phase is expected to come online in 2028. This facility is expected to be developed by SB Energy, a SoftBank unit, on Department of Energy land in southern Ohio. Some portions of the facility are also expected to acquire private land.