Nvidia makes minority investment in data-center developer Cloverleaf

Nvidia has made a minority investment in data-center developer Cloverleaf Infrastructure as part of a strategic partnership focused on AI infrastructure in the U.S. For investors following the Nvidia Cloverleaf partnership, the key point is confirmed: Nvidia is backing a developer that works on the power and sites behind prospective data centers, though the companies have not disclosed the investment amount or stake size.

Cloverleaf and Nvidia announced the arrangement on Aug. 21. Cloverleaf said the capital will support its work with customers and utility partners as demand for accelerated computing grows. Reuters, which also reported the deal, said Nvidia will support infrastructure buildouts for AI computing.

The announcement does not name any projects, locations, capacity commitments, revenue expectations or closing conditions. It also does not disclose Cloverleaf's valuation or Nvidia's ownership percentage.

What will Nvidia and Cloverleaf do together?

Cloverleaf said it will use Nvidia's DSX platform during early planning for data-center sites. The platform will be applied to decisions involving site selection, power, cooling, computing infrastructure and facilities, according to the companies.

After a site is operating, Cloverleaf said Nvidia's DSX infrastructure and software are intended to help customers manage energy use and computing capacity. Those are stated objectives of the partnership, rather than reported operating results.

The companies describe the planned buildout as supporting AI factories. Cloverleaf customers will also be able to work with Nvidia on accelerated computing, high-performance networking, infrastructure, platform software and DSX, according to Cloverleaf's announcement.

What does Cloverleaf Infrastructure do?

Cloverleaf works with utilities, energy providers and investors to secure power and other infrastructure for data-center sites, Reuters reported. The privately held company describes itself as a real-estate developer of clean-powered, shovel-ready sites for technology companies that build and operate data centers.

Cloverleaf was formed in 2024 with initial funding from Sandbrook Capital and NGP Energy Capital, according to the company. It says it has delivered multiple gigawatt-scale projects in North America since then, a company-supplied claim.

How much did Nvidia invest in Cloverleaf?

Neither company disclosed financial terms. Before the announcement, The Wall Street Journal reported that Nvidia was expected to invest several hundred million dollars, citing a person familiar with the deal. Reuters subsequently reported that figure as an earlier Wall Street Journal report, while noting that the final terms were not disclosed.

The investment follows Nvidia's separate announcement days earlier that it would invest $1.5 billion in SoftBank-owned data-center developer SB Energy, Reuters reported. The Cloverleaf transaction, however, has its own undisclosed economics and operating scope.

For Nvidia shareholders, the partnership provides a clearer view of where the company says it will direct support: planning and developing the power, cooling, computing and facility components involved in prospective AI data-center projects. Whether it produces new capacity, and on what timetable, remains unannounced.

This story draws on original reporting from TechCrunch.