Latham & Watkins Advises NVIDIA on AI Compute Hosting and Guarantee Transaction for PORTS-Pike Technology Campus in Ohio, an Up to 10 GW Development and One of the Largest Single Data Center Complexes Planned for Development, to Be Built by SB Energy, SoftBank, and Leased by OpenAI

NVIDIA has announced that it has secured land, power and shell (LPS) capacity through a partnership with SB Energy at the PORTS-Pike Technology Campus in Pike County, Ohio, to host NVIDIA compute. OpenAI will be the customer. SB Energy will build, own, and operate the data center under a 20-year lease to OpenAI.

NVIDIA will be the exclusive AI compute infrastructure provider at PORTS-Pike. PORTS-Pike campus project will create tens of thousands of Ohio jobs, pay for its power infrastructure, and invest hundreds of millions in the community anchored by an initial US$80 million community benefits fund. In support of the surrounding Ohio community, SB Energy and SoftBank will build at least 10 GW of new energy generation, which results in 8 IT-GW of AI factory capacity, and invest at least US$4.2 billion in new regional grid infrastructure through an innovative partnership with AEP Ohio designed to protect ratepayers.

Latham & Watkins LLP represented NVIDIA in the transaction with a transactional team led by partners Haim Zaltzman, Aida Vajzovic, Joshua Dubofsky, and Dan Van Fleet, with associates Ross Wasserman, Jennifer Lan, Jacob Prischak, Will Lane, Michael Shin, Peter Bassine, and Alvin Vo, with assistance from Min Oh; on antitrust matters by partner Joshua Holian, with associates Evan Omi and Hanna Nunez Tse; on tax matters by partner Abigail Friedman; and on energy regulatory matters by partner Natasha Gianvecchio.