---
格式版本: 2
标题: "Nvidia Backs OpenAI’s Ohio Data Center Buildout With $105B"
原文链接: "https://www.datacenterknowledge.com/data-center-construction/nvidia-backs-openai-s-ohio-data-center-buildout-with-105b-guarantee"
发布日期: "2026-08-19"
发布时间校准状态: "found"
发布时间需复核: "否"
发布时间来源: "rule:configured_publication_date_rule"
发布时间证据: "datacenterknowledge-jsonld-date-published html:original: \"datePublished\":\"2026-08-19T13:44:35.000Z\""
发布时间校准原因: "信源发布日期识别规则直接确认发布时间"
发布时间校准置信度: "high"
发布时间候选数量: 2
发布时间严格候选数量: 2
发布时间原页读取状态: "source template page reused from URL open"
发布时间未找到原因: ""
发布时间校准时间: "2026-08-20T01:35:13+08:00"
发布时间仲裁状态: "skipped"
发布时间仲裁尝试次数: 0
发布时间仲裁耗时毫秒: 0
发现时间: "2026-08-20T01:34:59+08:00"
入库时间: "2026-08-19T17:35:14.450Z"
来源平台: "Data Center Knowledge 搜索"
搜索渠道: "source_template"
搜索词: "https://www.datacenterknowledge.com/search?q=AI%20Rack"
匹配关键词:
  - "AI Rack"
  - "AI"
  - "GPU"
  - "deployment"
相关厂家:
  - "NVIDIA"
  - "OpenAI"
相关专家:
  []
内容类型: "网页"
抓取工具: "Free Fetch + Defuddle"
清洗工具: "Defuddle Markdown + Defuddle/Readability 正文提取"
原始附件:
  []
AI优质: "是"
AI打分: 90
AI分档: "高置信优质"
AI质检状态: "通过"
AI打分理由: "正文聚焦NVIDIA为OpenAI俄亥俄数据中心提供1050亿美元残值担保及4.25GW部署，属于AI基础设施商业投资信号，但未涉超节点/AI Rack架构、部件或技术细节，主题相关性有限。"
AI质检模型: "ali-deepseek-v4-flash"
AI质检时间: "2026-08-20T01:35:45+08:00"
AI主题相关性: 20
AI来源权威性: 10
AI新颖性: 20
AI技术细节: 10
AI商业部署信号: 20
AI完整性: 10
AI摘要: "英伟达为OpenAI在俄亥俄州的数据中心园区提供最高1050亿美元的残值担保，覆盖SB Energy旗下园区初始4.25吉瓦IT容量，未来可选扩展至约8吉瓦。该担保属条件性信用支持，并非直接投入，英伟达另向SB Energy投资15亿美元。"
AI摘要模型: "ali-deepseek-v4-flash"
AI摘要时间: "2026-09-07T03:16:57.325Z"
采集批次: "2026年8月20日0点36分19秒"
采集批次ID: "20260820-003619-923"
去重键: "https://www.datacenterknowledge.com/data-center-construction/nvidia-backs-openai-s-ohio-data-center-buildout-with-105b-guarantee"
---

## Nvidia Backs OpenAI’s Ohio Data Center Buildout With $105B Guarantee

The chipmaker is tying its financial support to long-lived infrastructure and the residual value of the hardware that will operate within it.

Aerial render of OpenAI’s Ohio data center campus, located within the PORTS-Pike Technology Campus.Image via PORTS-Pike Technology Campus website

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](https://www.datacenterknowledge.com/business/nvidia-to-inject-100b-into-openai-for-massive-ai-data-center-buildout).

Nvidia disclosed the guarantees in an August 17 [SEC filing](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000069/nvda-20260817.htm). 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 may be responsible for a shortfall between the guaranteed minimum value under the leases and the amounts recovered by SB Energy through re-leasing 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 it will include the exhibits in its quarterly report for the period ended July 26, which will provide the detailed terms and guaranteed minimum values.

## Leveraging the GPU as an Investable Asset Class

Nvidia is describing the Ohio data center project in terms that emphasize the long useful life of the infrastructure.

“We are securing long-lived infrastructure for Nvidia compute so OpenAI can deploy the most productive [AI factories](https://www.datacenterknowledge.com/ai-data-centers/ai-factories-separating-hype-from-reality) that can be upgraded repeatedly with each new generation delivering more intelligence and better economics,” CEO Jensen Huang said in Nvidia’s announcement.

Steven Dickens, CEO and principal analyst at HyperFrame Research, said Nvidia appears to be recognizing that GPUs retain value after their initial deployment.

“NVIDIA is realizing, in the same way that Ford Finance does with Ford’s vehicles, that GPUs have a residual value long after the initial three years of use,” Dickens said.

Dickens said Nvidia can use that residual value to create an investable asset class and bring additional capital into the AI infrastructure buildout.

“Leveraging the GPU as an investable asset class is a smart move by Nvidia as it unlocks capital for the AI build-out,” he said.

AI hardware can have useful lives of six to seven years or longer, Dickens said, creating room for financing models that account for value remaining after an initial deployment.

The Ohio arrangement connects three pieces of the AI infrastructure stack: Nvidia’s hardware, OpenAI’s long-term demand for compute, and SB Energy’s ownership of the physical data center.

## Conditional Guarantee

The $105 billion figure needs to be separated from the amount Nvidia is actually investing.

Nvidia is investing $1.5 billion in SB Energy, while the guarantee is a separate contractual commitment tied to the initial 4.25 GW deployment. Nvidia says it has secured land, power and shell capacity at the site and will be the exclusive AI compute infrastructure provider.

The guarantee is conditional. It does not mean Nvidia has committed $105 billion of cash to build the Ohio campus.

Instead, the residual-value guarantees provide credit support tied to the leased facilities. The 8-K says Nvidia’s obligations can be triggered by specified events involving OpenAI and the leases, with the payment obligation based on the difference between guaranteed minimum values and amounts recovered by SB Energy.

The structure leaves an important question for the next filing: how much [financing](https://www.datacenterknowledge.com/investing/the-next-ai-crunch-isn-t-compute-it-s-capital) capacity does the residual-value guarantee actually create? The forthcoming guarantee agreements should provide the answer.

## Power is Not Compute

Dickens also questioned the industry’s [growing reliance on power capacity](https://www.datacenterknowledge.com/energy-power-supply/beyond-megawatts-rethinking-how-we-measure-data-center-capacity) as the primary metric for describing AI infrastructure.

“What I struggle with is measuring the AI build-out in units of power,” he said. “I would prefer Nvidia and the wider IT infrastructure business stick to IT units such as core, GPU, racks or servers, as it is easier to quantify and visualize.”

The initial OpenAI deployment at the Ohio campus is expected to provide 4.25 GW of IT capacity, with another 3.75 GW potentially bringing the campus to about 8 GW. SB Energy and SoftBank have separately said they plan to develop at least 10 GW of new energy generation to support the project.