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 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.
The discount is the interesting part.
The chipmaker is taking new N class nonvoting shares in a private placement, which buys the economics and not the votes. It is also the supplier whose processors create the demand SB Energy is listing on. Nvidia bought into threeland and power companies in August alone, as its liquid-cooled Rubin chips...
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