Nvidia is in advanced talks to invest hundreds of millions of dollars in Cloverleaf Infrastructure, a power infrastructure startup focused on securing utility agreements for data-center sites.
The potential investment follows Cloverleaf’s $300 million initial fundraise in 2024, led by energy investors NGP and Sandbrook Capital. The company has already sold projects totaling more than 7 gigawatts of powered land, with a development pipeline exceeding 10 gigawatts. Cloverleaf’s model enables data-center developers to build on sites with guaranteed electricity access, a critical factor amid surging AI workloads.
Nvidia has accelerated its infrastructure investments in recent weeks, including a $2 billion commitment to Lancium for a data-center campus in Abilene, Texas, where OpenAI leases computing capacity from Oracle. Earlier this week, Nvidia took an equity stake in SoftBank’s SB Energy, which is developing a 20-year lease for an OpenAI data center in Ohio.
Cloverleaf has worked with JPMorgan Chase in recent months on strategic options, including a potential sale of the entire business. The company’s projects include sites in Wisconsin slated for Oracle and OpenAI, aligning with the AI sector’s growing demand for reliable power infrastructure.
A deal announcement could come as early as Friday, with Nvidia’s shares up 0.4% ahead of the U.S. market open on Thursday. The chipmaker’s investments underscore its broader push into energy infrastructure to support the computational demands of artificial intelligence.
