Nvidia is reported to have signed lease agreements worth up to $50 billion for a data center in Texas operated by Hut 8.
The Financial Times first reported the development, citing five people familiar with the matter.
Reuters noted it could not independently verify the information, and neither Nvidia nor Hut 8 responded to requests for comment outside of business hours.
Reuters noted it could not independently verify the information, and neither Nvidia nor Hut 8 responded to requests for comment outside of business hours.
The deal highlights the scale of capital expenditure required to support the ongoing artificial intelligence infrastructure build-out.
By committing to such a large lease, Nvidia is effectively underwriting a significant portion of the physical capacity needed for its own chips and those of its hyperscale customers.
This move aligns with broader industry trends where chipmakers are increasingly involved in the financing and deployment of the data centers that house their hardware.