--- format: "aidr-story-markdown/v1" id: "a8e3a095dbb63f94ab37cc5d1b989fdca8eebd0108cf880d95878d4cf049f881" canonical_url: "https://aidr.today/a8e3a095?lang=en" title: "SB Energy Grants OpenAI $5.5 Billion Warrants Despite Zero Data Center Revenue" lang: "en" requested_lang: "en" available_langs: ["en","vi"] translation_fallback: null fallback_fields: [] published_at: "2026-09-01T08:46:13.000Z" category: "Funding" topics: ["openai","nvidia","infra","funding","chips"] source_urls: ["https://huggingnews.com/ai/sb-energy-grants-openai-55-billion-warrants-despite-zero-data-center-rev-9e6ea6a8","https://x.com/WesRoth/status/2094674113897894154"] summary: "OpenAI signed 17 leases for approximately 8 GW of compute capacity at a planned Ohio campus under an agreement with SoftBank-backed SB Energy. The infrastructure provider issued warrants valued at an estimated $5.5 billion to the AI developer to secure it as a primary tenant, according to draft IPO documents reviewed by the Wall Street Journal. SB Energy is preparing a potential public offering to raise $5 billion to $7 billion. The company holds nearly 9 GW of contracted compute capacity and a data center backlog expected to exceed $400 billion despite having zero data center revenue to date. Nvidia committed $3 billion to the venture and provided a residual-value guarantee tied to the Ohio buildout financing. OpenAI also invested $500 million in the firm." --- # SB Energy Grants OpenAI $5\.5 Billion Warrants Despite Zero Data Center Revenue > [Open the canonical story]() **Published:** 2026-09-01T08:46:13.000Z **Category:** Funding **Topics:** openai, nvidia, infra, funding, chips ## Summary OpenAI signed 17 leases for approximately 8 GW of compute capacity at a planned Ohio campus under an agreement with SoftBank\-backed SB Energy\. The infrastructure provider issued warrants valued at an estimated $5\.5 billion to the AI developer to secure it as a primary tenant, according to draft IPO documents reviewed by the Wall Street Journal\. SB Energy is preparing a potential public offering to raise $5 billion to $7 billion\. The company holds nearly 9 GW of contracted compute capacity and a data center backlog expected to exceed $400 billion despite having zero data center revenue to date\. Nvidia committed $3 billion to the venture and provided a residual\-value guarantee tied to the Ohio buildout financing\. OpenAI also invested $500 million in the firm\. ## Sources - [Story source]() - [Supporting source]()