🇺🇸An additional $1 billion depends on Lancium securing more planned power, potentially raising NVIDIA’s ownership near 30%.

NVIDIA’s reported commitment includes a possible additional investment of $1 billion. That second tranche is conditional on Lancium obtaining more planned power resources rather than being an unconditional, completed financing.

People familiar with the transaction said the additional investment also depends on multiple Lancium campuses satisfying specified conditions, including grid-interconnection milestones. If those conditions are met and the additional investment occurs, NVIDIA’s ownership could rise to approximately 30%.

The source described the total potential investment as up to $3 billion: $2 billion initially and another $1 billion conditionally. It did not disclose financing terms such as collateral, liquidation preferences, board rights, or a timetable for closing either tranche.