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NVIDIA CORP 8-K Report, Material Agreement (Aug 17, 2026)

Reports
Material Agreements·Financial Events·Regulation FD
Filing Date
Filed August 17, 2026
Period End
August 17, 2026
Security
NVDA
In the record · 2016–202610-K1110-Q328-K110

NVDA filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 110 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jun ’17Jun ’17
  2. Leadership change8-K · Jun ’19Jun ’19
  3. Material agreement8-K · Jun ’21Jun ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed August 17, 2026. Cited figures are marked; the original filing is the authoritative source.

NVIDIA Corporation has entered into a significant multi-year partnership with SB Energy Corp. to secure land, power, and shell capacity for a large-scale AI data center campus in Pike County, Ohio, known as the PORTS Technology Campus.

This strategic move is designed to host NVIDIA's AI compute infrastructure, with OpenAI set to be the primary tenant utilizing the facility. This agreement underscores NVIDIA's commitment to expanding its AI capabilities and supporting the growing demand for advanced AI processing power. The financial commitment for NVIDIA is substantial, with an aggregate payment obligation capped at $105 billiona for its initial commitment.

These obligations are contingent on SB Energy meeting specific ready-for-service conditions, expected to commence in 2028. While OpenAI is the tenant, NVIDIA has provided residual value guarantees, indicating a strong backing of the project. OpenAI is contractually obligated to reimburse NVIDIA for any amounts paid under these guarantees, mitigating NVIDIA's direct financial risk in the event of tenant default.

02—Key points

Key Highlights

  1. NVIDIA partners with SB Energy Corp. to develop a major AI data center campus (PORTS Technology Campus) in Pike County, Ohio.
  2. OpenAI will be the primary tenant, utilizing NVIDIA's AI compute infrastructure and the full-stack DSX AI factory platform.
  3. NVIDIA has secured capacity for approximately 4.25 gigawatts of IT load, with the option to secure an additional 3.8 gigawatts.
  4. NVIDIA's aggregate payment obligation under residual value guaranties is capped at $105 billion, subject to readiness conditions expected from 2028.
  5. NVIDIA's obligations are protected by OpenAI's agreement to reimburse and indemnify the company for any amounts paid under the residual value guaranties.
  6. The partnership aims to advance the development of large-scale AI data center infrastructure to meet growing AI demand.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this partnership between NVIDIA and SB Energy?

    The primary purpose is to develop and secure capacity for a large-scale AI data center campus (PORTS Technology Campus) in Pike County, Ohio. NVIDIA will use this facility to host its AI compute infrastructure.

  2. What is NVIDIA's financial commitment and risk in this agreement?

    NVIDIA's aggregate payment obligation is cumulatively capped at $105 billion. However, these payments are contingent on SB Energy meeting ready-for-service conditions. Crucially, OpenAI has agreed to reimburse and indemnify NVIDIA for any amounts paid under the residual value guaranties, significantly mitigating NVIDIA's direct financial risk.

  3. Who will be using the data center capacity, and what will they deploy?

    OpenAI will be the tenant at the PORTS Technology Campus. They will utilize the capacity to deploy NVIDIA's full-stack DSX AI factory platform, supporting approximately 4.25 gigawatts of IT load.

  4. When are NVIDIA's payment obligations expected to commence?

    NVIDIA's payment obligations are subject to specified conditions, including that the Lessor (SB Energy) has satisfied applicable ready-for-service conditions under the lease for the relevant premises, which is expected to begin in 2028.

04—Continue

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