Lancium is a United States power infrastructure developer that assembles land and electrical-grid interconnection rights for large data-center campuses in Texas. It is backed by Blackstone and owns the 1,000-acre Lancium Clean Campus in Abilene, Texas, which serves as the first operational site of the Stargate data-center project. Reuters describes Stargate as a joint venture between SoftBank, OpenAI and Oracle to build data centres, announced in January by President Donald Trump, who said the companies would invest up to $500 billion (Source: thehindubusinessline.com); the project was announced in January 2025 and its joint-venture structure was reported by April 2026 to have been abandoned in practice (see Stargate Project).
Nvidia investment
The Information reported on August 7, 2026 that Nvidia had agreed to invest up to $3 billion in Lancium. An initial $2 billion buys a stake of roughly 20 percent, with a further $1 billion committed if the company clears certain thresholds including grid interconnection; the reporting states the deal values Lancium and its portfolio of land and power connections at an enterprise value of around $10 billion. The capital is described as intended to help Lancium expand as it explores a potential initial public offering in 2027. Nvidia and Lancium did not immediately respond to Reuters' requests for comment (Source: thehindubusinessline.com). Coverage summarising the same report states the second tranche would raise Nvidia's holding to about 30 percent and that the $10 billion enterprise value includes debt (Source: finance.biggo.com).
The Information's own article carries an August 9, 2026 date and attributes the terms to three people familiar with the transaction; the valuation it places on Lancium sits behind a subscription and was not retrievable directly (Source: theinformation.com). Secondary coverage dates the report to August 7, so the two accounts differ by two days on when the report ran; the substance of the terms is consistent between them.
Grid position
Lancium has secured 4 gigawatts of capacity on the Texas grid, allocated as 1.2 GW for the OpenAI and Oracle campus, 900 MW for a Crusoe data center serving Microsoft, 1.0 GW for QTS at Turkey, Texas, and 1.0 GW for Crusoe at Childress. A further 15 GW awaits interconnection (Source: finance.biggo.com).
That pipeline sits against a constraint imposed the week of the investment report: Texas Governor Greg Abbott ordered a halt to new data-center interconnection applications on August 3, 2026, pending further review (Source: finance.biggo.com).
Relationships
- deploys-in: Energy and Electric Power Sector.
- depends-on: Stargate Project.
- related: Nvidia, OpenAI, Oracle, Crusoe, AI Power Concentration, Data Center Siting / AI Power Politics.