Nvidia Takes Minority Stake in Cloverleaf
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- Nvidia announced a partnership Friday with Cloverleaf Infrastructure, taking a minority stake in the data center site developer (Reuters)
- Cloverleaf Infrastructure, founded in 2024 after raising $300 million that year, brokers power sources and site development between utilities and data centers
- Nvidia's Cloverleaf investment will likely total several hundred million dollars per the Wall Street Journal; financial terms were not disclosed
- Nvidia separately committed $1.5 billion earlier this week into SB Energy, an OpenAI-linked Ohio data center project
- The Cloverleaf deal extends Nvidia's vertical integration strategy of directly financing and developing the AI data centers that turn around and purchase its AI systems
Why it matters: Nvidia is moving beyond chip sales into direct financing of the data center infrastructure that buys its AI systems — the Cloverleaf stake follows a $1.5 billion SB Energy commitment announced earlier the same week, deepening the chipmaker's grip on the AI buildout that drives its revenue.
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