According to documents from the U.S. Securities and Exchange Commission (SEC), NVIDIA announced on Monday that it will purchase an additional $1.5 billion in shares of SB Energy, a SoftBank-backed data center developer, ahead of its U.S. IPO, bringing its cumulative investment to $3 billion. SB Energy is advancing the construction of data centers and supporting power facilities, with its large-scale data center project in Ohio set to serve OpenAI.
