OpenAI lands 10-gigawatt Ohio data-center lease, with Nvidia reported to back financing and supply chips

OpenAI has secured a major data-center lease in Ohio described as roughly 10 gigawatts of capacity, according to a report published by The Wall Street Journal and syndicated by Yahoo Finance. The arrangement is notable not only for its scale, but for how it brings Nvidia into the picture as a reported financial backstop and chip supplier for the project’s early buildout.

The WSJ report, as relayed, says Nvidia will provide a reported $250 billion financial backing package tied to the Ohio campus. Financial “backstops” are typically structures designed to reassure lenders or project counterparties that funds needed for construction and operations will be available, reducing the risk that a large infrastructure project stalls during funding gaps.

Alongside the reported backing, the deal also points to Nvidia’s role on the technology side of the build. The report says Nvidia will invest $1.5 billion in developer SB Energy and will exclusively supply chips for the campus’s first half. In practical terms, exclusivity on chip supply can help ensure that a hyperscale customer can secure enough accelerated computing hardware for early phases of AI training or inference demand, where supply and timing can be limiting factors.

The campus is framed as an Ohio data-center initiative large enough to require coordination across power generation, grid interconnection, construction staging, and long-term operations. For AI companies, the buildout schedule matters as much as the eventual capacity, because model development and product deployment often depend on timely access to sufficient compute.

Nvidia, whose GPUs and related networking components are widely used to train large AI systems, has repeatedly positioned its data-center platform as a foundational layer for AI workloads. The report’s described structure reflects an increasingly common industry pattern: hardware vendors aligning commercial commitments with infrastructure scaling, so that compute supply can match the growth of data-center capacity.

For OpenAI, such a lease suggests a forward plan for securing a multi-year site and power runway, even if details about the project’s timeline and phased commissioning are not laid out in the syndicated report. It also highlights how partnerships in AI are expanding beyond software and into the physical constraints of electricity and specialized hardware.

Still, key terms remain unclear from the report alone. The syndicated account does not provide the full legal framework, the exact start dates for the phases, the nature and duration of the chip exclusivity, or the specific conditions under which the reported financial backstop would be triggered. It also does not specify whether Nvidia’s SB Energy investment is tied directly to the Ohio site’s permitting, construction financing, or broader power development pipeline.