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AI brief of an SEC Form 8-K · Nvidia (NVDA)

NVIDIA backs up to $105 billion in lease guaranties for SB Energy Ohio AI campus

Mixed Impact 4 of 5 financing Written later

NVIDIA entered multiple residual value guaranties with SB Energy covering leases for about 4.25 gigawatts of IT load at the PORTS-Pike campus in Pike County, Ohio, with OpenAI as tenant. NVIDIA's aggregate payment obligation for its initial commitment is capped at $105 billion, and it can provide additional credit support for about 3.8 gigawatts more at its discretion. The commitment is large and long-dated, and NVIDIA would pay if OpenAI defaults on a lease, though OpenAI has agreed to reimburse amounts NVIDIA pays.

Key points

  • Guaranties cover leases for about 4.25 gigawatts of IT load; NVIDIA's initial payment obligation is capped at $105 billion.
  • Payments are subject to conditions, including ready-for-service conditions under the leases, expected beginning in 2028.
  • A payment is triggered if OpenAI becomes insolvent or fails to make lease payments; OpenAI must reimburse NVIDIA for amounts paid.
  • NVIDIA will invest $1.5 billion in SB Energy, according to the attached press release.

The filing

CompanyNvidia (NVDA)
Form8-K, current report
Filed with the SECAug 17, 2026, 8:41 AM ET
Accession number0001045810-26-000069

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 17, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.