Form 8-K · Current report
Nvidia 8-K, filed Aug 17, 2026
- Filed
- CIK
- 0001045810
- Accession no.
- 0001045810-26-000069
Summary
NVIDIA entered a multi-year partnership with SB Energy to secure land, power, and shell capacity at the PORTS-Pike Technology Campus in Pike County, Ohio, for an AI data center campus, under residual value guaranties covering an initial 4.25 gigawatts of IT load with an option for roughly 3.8 more; NVIDIA's aggregate payment obligation is capped at $105 billion. OpenAI is the tenant under a 20-year lease and will deploy NVIDIA's DSX AI factory platform, and NVIDIA is investing $1.5 billion in SB Energy, with capacity expected to come online in phases beginning in 2028.
Key points
- NVIDIA's obligations under the guaranties terminate on the earliest of the 20th anniversary of the applicable lease commencement, termination of the lease by OpenAI, OpenAI achieving a satisfactory credit rating, or other customary events, and OpenAI has agreed to reimburse and indemnify NVIDIA for amounts paid to the lessor.
- Upon an OpenAI lease default or payment failure, NVIDIA may assume the lease, require reletting, initiate a sale, allow termination, or defer remedies for up to a year.
- The campus is being developed on the decommissioned Portsmouth Gaseous Diffusion Plant and surrounding area in collaboration with AEP Ohio, the U.S. Department of Energy, and the U.S. Department of Commerce, with an initial $80 million community benefits fund.
- Jensen Huang, Rich Hossfeld, Sam Altman and Masayoshi Son commented on the partnership, with Altman saying OpenAI is proud to build in Pike County.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 7.01Regulation FD Disclosure
From the filing
Item 1.01. Entry into a Material Definitive Agreement On August 17, 2026, NVIDIA Corporation (“NVIDIA”) announced a multi-year partnership with SB Energy Corp. (collectively with its affiliates, “SB Energy”) to advance the development of the PORTS Technology Campus, a large-scale AI data center campus in Pike County, Ohio (the “Portsmouth Site”). Through the partnership and the credit support described below, NVIDIA has secured land, power, and shell capacity at the Portsmouth Site to host NVIDIA AI compute infrastructure. An affiliate of OpenAI Group PBC (such affiliate, “OpenAI”) will be the tenant. …
An excerpt of the text as filed with the SEC, cut for length.
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