Nvidia is buying SB Energy stock at 90% of its IPO price
Nvidia is buying a further $1.5B of SB Energy shares at 90% of the price of the data centre developer’s coming US listing, taking its total
Nvidia is buying a further $1.5B of SB Energy shares at 90% of the price of the data centre developer’s coming US listing, taking its total backing to $3B. SB Energy has 8.8 gigawatts in contract or under construction in Texas and Ohio, while its parent’s European capacity is not due before 2031.
Nvidia is buying a further $1.5B of shares in SB Energy at 90% of the price of the SoftBank-owned developer’s coming US listing, Bloomberg reported, citing a regulatory filing on Monday. That takes its total backing to $3B.
First reported by The Next Web.
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