Poolside partnered with CoreWeave in October 2025 on Project Horizon, a 2GW West Texas campus at Longfellow Ranch structured in eight 250MW phases with a 15-year lease on the initial 250MW phase and a 500MW expansion option. CoreWeave subsequently ended the 2GW deal, leaving a $2 billion funding gap, with power procurement challenges cited. Poolside was reported raising $2 billion at a $14 billion valuation after $500 million at $3 billion in 2024, and Nvidia separately agreed to invest up to $1 billion.
Reported and guided spending
Where Poolside builds
| Site | State | Place | Capital | MW | Status | Sources |
|---|---|---|---|---|---|---|
Project Horizon (Longfellow Ranch) with CoreWeave |
Texas | n.a. | n.a. | 2,000 | cancelled |
Financing transactions
Transactions that name Poolside as a party or attach to one of its named sites. Amounts are as stated, and overlapping commitments are never summed.
| Parties | Instrument | Amount | Date | Site | Sources |
|---|---|---|---|---|---|
Nvidia + Poolside Nvidia agreed to pay Poolside $6 billion to license the software Poolside used to build AI models and to offer jobs to 109 of its staff, according to a letter Poolside sent investors. Poolside intends to distribute the $6 billion to investors by the end of 2027 and said the arrangement is not an acquisition. The Next Web described it as the third deal Nvidia has structured this way |
technology license and acqui-hire | ~$6.0B | Reported 21 August 2026. Reported by Newcomer, based on a Poolside investor letter, and relayed by The Next Web |
n.a. |
|
Poolside Reported alongside the Project Horizon partnership announcement. |
equity raise | ~$2.0B | reported October 2025 |
n.a. |
|
Nvidia + Poolside Nvidia announced an investment of up to $1 billion in AI startup Poolside on October 30, 2025. |
equity raise | $1.0B | Announced October 30, 2025 |
n.a. |
|
Poolside Poolside's 2024 raise, per DCD's Project Horizon reporting. |
equity raise | $500M | 2024 |
n.a. |
|
Poolside + CoreWeave CoreWeave ended the 2GW Project Horizon deal, with power procurement challenges cited at the campus. |
lease | n.a. | partnership October 2025; deal later ended |
Project Horizon (Longfellow Ranch) (TX) |
Sourced facts on Poolside
- Project Horizon called for more than 40,000 Nvidia GB300 NVL72 GPUs to be supplied from December 2025 on a 568-acre site.
- The account of CoreWeave's exit notes CoreWeave's $8.5 billion loan facility secured by its Meta agreement and cites power procurement challenges at the 2GW campus.
Sources for Poolside
Every source cited on this page, once each.
- datacenterdynamics.comDCD Project Horizon
- mlq.aiMLQ
- thenextweb.comThe Next Web
- bloomberg.comBloomberg
More in the Index
Capital figures come from the Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so each figure appears as its source states it and none are added into a single deployment number. Informational, not investment advice.
Seven references, one system
Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.