Nvidia Takes Minority Stake in Data Center Firm Cloverleaf
Nvidia announced a partnership with data center infrastructure developer Cloverleaf Infrastructure on Friday, with the Wall Street Journal reporting the investment will likely reach several hundred million dollars.
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Nvidia announced a partnership with data center infrastructure developer Cloverleaf Infrastructure on Friday, with the Wall Street Journal reporting that the chipmaker’s investment will likely amount to several hundred million dollars. Reuters separately reported that Nvidia now holds a minority stake in the company, though neither party disclosed the financial terms.
- Nvidia announced a partnership with Cloverleaf Infrastructure on August 21, with Reuters reporting the chipmaker now holds a minority stake
- Cloverleaf, founded in 2024, raised $300 million that year and acts as a middleman between utility companies and data centers
- The deal follows Nvidia's separate announcement this week of a $1.5 billion investment in SB Energy, an OpenAI-linked data center project in Ohio
Cloverleaf was founded in 2024 and raised $300 million that year. The company operates as an intermediary between utility providers and data center operators, supplying power sources and other site-development infrastructure - a role that has become increasingly critical as demand for AI compute capacity grows.
The Cloverleaf deal is one of two major infrastructure moves Nvidia disclosed in a single week. Earlier this week the company said it would invest $1.5 billion into SB Energy, an OpenAI-linked data center project based in Ohio. Both deals reflect a broader strategy in which Nvidia uses its profits to finance the data center construction that in turn purchases its AI hardware systems.
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