Overview

• Three Oracle-developed campuses are planned in Shackelford County, Texas, Doña Ana County, New Mexico, and an undisclosed Midwest site, with two SoftBank-linked sites in Lordstown, Ohio, and Milam County, Texas.
• Nvidia will invest up to $100 billion in stages, with most of the cash used to lease its GPUs, including an initial $10 billion available soon as facilities begin to come online from 2026.
• OpenAI is preparing to raise debt and lean on chip leases that could cut costs by an estimated 10% to 15%, with Nvidia’s backing expected to improve access to lenders.
• The Abilene, Texas flagship has received Nvidia systems and is already running model training and inference, with Oracle leasing the facility and a 600‑megawatt expansion planned.
• OpenAI says Stargate now covers earlier and self-built data center efforts, while analysts flag bubble risk and power needs that researchers estimate could reach roughly 12% of U.S. electricity by 2028.