OpenAI's $500 Billion AI Mega Project in Ohio: Nvidia and SoftBank Partnership Unveiled
June 10, 2026
OpenAI is pursuing a monumental AI infrastructure project anchored on U.S. Department of Energy land in southern Ohio, with SoftBank’s SB Energy developing the site and OpenAI leasing equipment under a 20-year arrangement, aiming for a first phase online by 2028.
Nvidia is expected to supply the hardware and provide a financial guarantee for OpenAI’s lease and SB Energy’s financing, reflecting a deep, multi-year collaboration beyond traditional GPU sales.
The campus could carry an enormous price tag, with estimates suggesting well over $500 billion when factoring in chips, labor, power, and related inputs.
Nvidia is also contemplating milestone-based investments worth up to $100 billion, releasing funds as systems are deployed and operational benchmarks are met.
There is no central article body beyond risk disclosures and site policies in this portion of the reporting.
Retail investor sentiment around FRMI has been bullish on a noted catalyst, though the stock has declined roughly two-thirds in the past year.
The AI and chip sectors remain volatile, with investors awaiting next week’s Federal Reserve decision and monitoring semiconductor equities.
For enterprise buyers, the deal underscores the need to diversify AI infrastructure across clouds to avoid overreliance on a single compute ecosystem.
From an investor view, the agreement offers upside but also concentration risk due to the long deployment horizon and the need to hit performance milestones.
Regulatory and environmental considerations loom due to a large natural gas component, raising questions for regulators and investors given AI industry carbon-neutral pledges.
Details beyond the cited report remain contingent on future announcements and approvals.
The piece emphasizes the strategic importance of large-scale AI infrastructure for maintaining national technological leadership and competitiveness.
Summary based on 26 sources
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Sources

Stocktwits • Jun 10, 2026
FRMI Stock Surges Nearly 27% Today — Is There An OpenAI Connection?
Economic Times • Jun 10, 2026
OpenAI weighs leasing Ohio data center with Nvidia backing: Report
24/7 Wall St. • Jun 10, 2026
OpenAI Expansion
Dunya News Logo • Jun 10, 2026
OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports