Nvidia intends to invest in Lancium, a Stargate power provider, with a valuation of $7 billion to $10 billion

Stargate is an AI data center project driven by OpenAI, SoftBank, and Oracle, with plans to invest $500 billion over four years in the United States. Lancium, responsible for the land and power facilities of the first Texas park, is in talks with multiple technology companies to sell minority stakes, and Nvidia has expressed interest. The overall valuation of Lancium for the transaction is between $7 billion and $10 billion, including the company's debt. Anthropic had contact with Lancium but did not enter into formal negotiations. Lancium is responsible for the land and power infrastructure of Stargate's Abilene Park in Texas, while Crusoe is responsible for building the data center.