Deal Watch
NVIDIA / OpenAI PORTS-Pike: what DD would flag on a $105B guarantee for a phased 4.25 GW Ohio campus
A chip vendor guaranteeing $105B of a customer's lease and power obligations, taking a $1.5B direct equity investment in the project SPV, and standing behind a $4.2B utility grid partnership. Operational DD lens on the NVIDIA-OpenAI PORTS-Pike deal.