Oracle and OpenAI Scrap 600MW Stargate Expansion as Nvidia Swoops In With $150M Deposit to Secure Capacity

Nvidia pays a $150 million deposit to seize 600MW of data center capacity in Abilene, Texas after Oracle and OpenAI scrap a planned Stargate expansion following failed financing negotiations and weather-related infrastructure setbacks, with Nvidia reportedly eyeing Meta as a tenant to keep the site exclusively running its own silicon.

• Oracle and OpenAI scrap a planned 600MW expansion of their Abilene, Texas Stargate campus after financing negotiations fail and winter weather disrupts liquid-cooling infrastructure, though the existing 1.2GW facility continues operating on schedule.
• The broader 4.5GW Oracle-OpenAI capacity agreement remains on track across multiple U.S. sites, including campuses near Detroit and Wisconsin, despite Oracle's confusing public rebuttals that fail to directly address the scrapped expansion lease.
• Nvidia moves quickly to secure the vacated 600MW capacity by paying a $150 million deposit to Crusoe, reportedly approaching Meta as a potential tenant to prevent AMD hardware from entering a site already running Nvidia silicon.