Nvidia Takes Minority Stake in Data Center Site Developer Cloverleaf Infrastructure

Quick Facts

• Nvidia made a minority investment in Cloverleaf Infrastructure, estimated at several hundred million dollars, according to the Wall Street Journal.
• Cloverleaf, founded in 2024 and based in Houston, prepares land and secures clean power sources for companies that build and operate data centers.
• The deal includes Cloverleaf adopting Nvidia’s DSX platform, which guides AI factory design from chips and cooling to networking and facilities software.

Nvidia is investing in the ground beneath its own chips. On Aug. 21, the chipmaker announced a minority stake in Cloverleaf Infrastructure LLC, a Houston-based site developer that sources land and power for data centers across the United States. The Wall Street Journal reported the investment will likely total several hundred million dollars, though neither company disclosed the terms.

Cloverleaf was founded in 2024 by power development executives Dave Berry and Jonathan Abebe and data center veteran Brian Janous. Private-equity firms Sandbrook Capital and NGP Energy Capital each committed $150 million at formation, giving the company $300 million in initial capital.

The company acts as a broker between utility companies and data center operators. It identifies land with grid access, secures power agreements, handles zoning and annexation, then hands off shovel-ready sites to the companies that construct and operate the facilities. Since 2024, Cloverleaf has delivered multiple gigawatt-scale projects across North America.

One sample project, called Red Granite, covers up to 1,700 acres in the Midwest. It is designed to deliver 310 megawatts of capacity by 2027 and scale to 3.5 gigawatts by 2030. The site sits within four miles of 345 kilovolt transmission infrastructure and has completed zoning and annexation.

As part of the partnership, Cloverleaf will build its projects on Nvidia’s DSX platform. DSX is a design framework that spans hardware, software, cooling, networking, and facilities. It includes reference designs for data centers running Nvidia’s latest CPU-GPU racks, Spectrum-X Ethernet networking, and storage systems. Cloverleaf will use DSX to bring power, cooling, compute, and site decisions together earlier in the design process.

“AI factories are the infrastructure of the intelligence age, and land, power and shell are their foundation,” said Nico Caprez, Nvidia’s vice president of global AI infrastructure growth. “Cloverleaf brings deep expertise in power and site development to create exceptional, long-lived sites for generations of accelerated computing.”

Berry, Cloverleaf’s co-founder and CEO, said the partnership would help the company identify and develop high-quality sites faster. “AI is accelerating demand for digital infrastructure at an unprecedented scale,” he said.

The Cloverleaf deal fits a pattern Nvidia has followed in recent months. Earlier the same week, the company announced a $1.5 billion investment in SB Energy, an Ohio-based data center project linked to OpenAI. Nvidia reported $30.2 billion in marketable equity securities as of its most recent quarter, up from $12.9 billion the prior year.

The financial logic is direct. Nvidia posted record revenue of $81.6 billion in Q1 fiscal year 2027, up 85% year over year. Its data center segment alone generated $75.2 billion, a 92% increase. The company is using those profits to invest in the physical infrastructure that will house and run its next generation of GPUs.

Jensen Huang, Nvidia’s CEO, has described the AI data center buildout as “the largest infrastructure expansion in human history.” By investing in site developers like Cloverleaf, Nvidia is helping to ensure that land, power, and construction capacity keep pace with demand for its hardware.

For software and technology executives, the deal signals continued tightening of the supply chain for AI computing capacity. Data center operators, cloud providers, and enterprise buyers all depend on the same pipeline of land and power that Nvidia is now helping to fund and standardize.

Read more: Nvidia partners with data center developer Cloverleaf