Nvidia behind $50bn lease on Texas data centre that will use its chips

Nvidia is the unnamed investment-grade hyperscaler behind a $50bn data centre lease in Texas with Hut 8. According to reports from the Financial Times, CEO Jensen Huang is utilizing the company balance sheet to support the growth of the AI computing market. This arrangement, one of the largest data centre leases in Texas history, was previously kept confidential in Hut 8 filings before being identified by sources familiar with the specific deal.