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NVIDIA Expands AI Infrastructure Footprint with New Bond Sale, Ohio Campus Deal, and Kazakhstan Project
When a company that once merely made graphics cards announces a $25 billion bond sale, it signals a new era for AI infrastructure.
On June 15, 2026, NVIDIA Corporation launched a seven‑tranche investment‑grade bond offering—its first corporate bond since 2021. The pricing, handled by NVIDIA’s finance team, set the longest tranches at yields roughly 90 basis points above U.S. Treasury rates, according to the SEC filing. The sale drew a staggering $85 billion in orders, a figure that underscores the high valuation of NVIDIA’s AI‑hardware business and the appetite for AI‑linked financing.
The proceeds will back NVIDIA’s continued expansion of data‑center GPU supply and related services. In tandem with the bond, the company has struck a partnership with OpenAI to supply hardware and finance a 20‑year lease for a planned data‑center campus in southern Ohio. Set to start operations around 2028, the campus is estimated to cost at least $500 billion and will occupy Department of Energy land. SoftBank’s SB Energy will build the 10‑gigawatt AI facility, while NVIDIA will deliver next‑generation GPUs—including the GB300 and Vera Rubin models—and back the lease financially.
The Ohio deal fits a broader trend of AI‑centric infrastructure development. OpenAI’s recent $6.6 billion share sale, which valued the startup at $500 billion, has positioned it to pursue large‑scale data‑center projects. NVIDIA’s involvement gives OpenAI access to its leading GPU portfolio and financing expertise.
Meanwhile, NVIDIA is advancing a separate data‑center initiative in Kazakhstan. The company will supply roughly 100,000 next‑generation GPUs and related technology for the Kazakhstan Data Center Valley project, slated to begin operations in 2027. Located in Ekibastuz, the facility will start with a 125 MW power capacity and could expand to 300 MW. Bloomberg reported that the project could involve up to $10 billion in investment, with NVIDIA’s GPUs forming the core of the compute cluster.
In Washington, D.C., NVIDIA announced the hiring of Bruce Andrews as head of its government affairs office. Andrews, a former Intel lobbyist and U.S. deputy commerce secretary, will oversee the company’s policy engagement amid growing scrutiny over AI chip exports and U.S.–China trade tensions. The appointment was confirmed by a LinkedIn post and reported by Reuters.
NVIDIA’s expansion of AI infrastructure is complemented by a partnership with Hut 8, a Canadian data‑center operator. Hut 8 has signed a deal to integrate NVIDIA GPUs into its upgraded high‑performance computing facilities, expanding its AI and HPC services. The collaboration is expected to enhance Hut 8’s capacity to support AI workloads for enterprise customers.
These developments underscore NVIDIA’s strategy to secure a dominant position in the AI hardware market. The company’s GPUs are used in more than 75 % of the world’s top‑500 supercomputers, and it holds a majority share of the discrete GPU market for AI training and deployment.
As of the latest filings, NVIDIA’s market capitalization remains above $4 trillion, and the company continues to raise capital through both equity and debt instruments. The Ohio and Kazakhstan projects, along with the bond sale, illustrate NVIDIA’s ongoing commitment to scaling AI infrastructure worldwide.
The company has not yet disclosed specific timelines for the completion of the Ohio campus beyond the 2028 operational target. The Kazakhstan data‑center is expected to reach commercial operations in 2027, with the possibility of expansion to 300 MW.
In summary, NVIDIA’s recent bond issuance, partnership with OpenAI for an Ohio data‑center, and investment in a Kazakhstan AI hub represent a coordinated effort to expand its hardware supply chain and financing capabilities in support of the growing global demand for AI compute resources.
On June 15, 2026, NVIDIA Corporation launched a seven‑tranche investment‑grade bond offering—its first corporate bond since 2021. The pricing, handled by NVIDIA’s finance team, set the longest tranches at yields roughly 90 basis points above U.S. Treasury rates, according to the SEC filing. The sale drew a staggering $85 billion in orders, a figure that underscores the high valuation of NVIDIA’s AI‑hardware business and the appetite for AI‑linked financing.
The proceeds will back NVIDIA’s continued expansion of data‑center GPU supply and related services. In tandem with the bond, the company has struck a partnership with OpenAI to supply hardware and finance a 20‑year lease for a planned data‑center campus in southern Ohio. Set to start operations around 2028, the campus is estimated to cost at least $500 billion and will occupy Department of Energy land. SoftBank’s SB Energy will build the 10‑gigawatt AI facility, while NVIDIA will deliver next‑generation GPUs—including the GB300 and Vera Rubin models—and back the lease financially.
The Ohio deal fits a broader trend of AI‑centric infrastructure development. OpenAI’s recent $6.6 billion share sale, which valued the startup at $500 billion, has positioned it to pursue large‑scale data‑center projects. NVIDIA’s involvement gives OpenAI access to its leading GPU portfolio and financing expertise.
Meanwhile, NVIDIA is advancing a separate data‑center initiative in Kazakhstan. The company will supply roughly 100,000 next‑generation GPUs and related technology for the Kazakhstan Data Center Valley project, slated to begin operations in 2027. Located in Ekibastuz, the facility will start with a 125 MW power capacity and could expand to 300 MW. Bloomberg reported that the project could involve up to $10 billion in investment, with NVIDIA’s GPUs forming the core of the compute cluster.
In Washington, D.C., NVIDIA announced the hiring of Bruce Andrews as head of its government affairs office. Andrews, a former Intel lobbyist and U.S. deputy commerce secretary, will oversee the company’s policy engagement amid growing scrutiny over AI chip exports and U.S.–China trade tensions. The appointment was confirmed by a LinkedIn post and reported by Reuters.
NVIDIA’s expansion of AI infrastructure is complemented by a partnership with Hut 8, a Canadian data‑center operator. Hut 8 has signed a deal to integrate NVIDIA GPUs into its upgraded high‑performance computing facilities, expanding its AI and HPC services. The collaboration is expected to enhance Hut 8’s capacity to support AI workloads for enterprise customers.
These developments underscore NVIDIA’s strategy to secure a dominant position in the AI hardware market. The company’s GPUs are used in more than 75 % of the world’s top‑500 supercomputers, and it holds a majority share of the discrete GPU market for AI training and deployment.
As of the latest filings, NVIDIA’s market capitalization remains above $4 trillion, and the company continues to raise capital through both equity and debt instruments. The Ohio and Kazakhstan projects, along with the bond sale, illustrate NVIDIA’s ongoing commitment to scaling AI infrastructure worldwide.
The company has not yet disclosed specific timelines for the completion of the Ohio campus beyond the 2028 operational target. The Kazakhstan data‑center is expected to reach commercial operations in 2027, with the possibility of expansion to 300 MW.
In summary, NVIDIA’s recent bond issuance, partnership with OpenAI for an Ohio data‑center, and investment in a Kazakhstan AI hub represent a coordinated effort to expand its hardware supply chain and financing capabilities in support of the growing global demand for AI compute resources.
