Nvidia is buying SB Energy stock at 90% of its IPO price

Nvidia is investing an additional $1.5 billion in SB Energy at a 10% discount to its upcoming US IPO price, increasing its total investment to $3 billion. SB Energy holds 8.8 GW of data center capacity in the US, with European projects planned but delayed until 2031. OpenAI is also a major investor, having secured a 20-year lease backed by warrants on a 10 GW Ohio campus.