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Nvidia Data Center Capex and Sites

Nvidia is the only entity in the atlas that appears simultaneously as equipment supplier, equity investor, capacity lessee, residual-value guarantor and financing-platform sponsor, making its balance sheet the effective credit enhancement behind a large share of the NeoCloud layer. It is named among the key initial technology partners of the Stargate Project but not among its equity funders. Its direct-investment ladder spans equity stakes, IPO orders, capacity backstops and lease guarantees across CoreWeave, Nebius, Lambda, Nscale, Together AI, Crusoe, Poolside and Groq, alongside a full exit from Applied Digital. On August 10, 2026 it announced financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR intended to mobilize over $500 billion of third-party capital over time.

Updated October 8, 2026 1 named site 41 financing transactions 8 sourced facts 68 sources
Nvidia logo
Nvidia
NVDA
Chipmaker
Financing regimebalance-sheet equity stakes, capacity backstops and lease/residual-value guarantees that convert Nvidia's balance sheet into third-party debt capacity; financing-platform sponsor with asset managers
Named sites
1
Site-level commitments the atlas ties to Nvidia
Disclosed site capital
n.a.
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
n.a.
Sum of named sites with a stated megawatt figure
Financing transactions
41
Transactions naming Nvidia or tied to one of its sites
Spending

Reported and guided spending

Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and never combined.

PeriodKindAmountAs statedSources
to April 13, 2032 backlog $6.3B
$6.3B unsold-capacity order with CoreWeave; backstop runs to April 13, 2032. Multi-year commitment as stated, not annual spend.
as disclosed guarantee $860M
$860M of partner data center lease obligations backstopped, $470M escrowed, across CoreWeave, Nebius, Nscale, Lambda and Crusoe. A guarantee commitment, not capex.
end-October (FY context per source) cash balance $60.6B
Nvidia held $60.6B cash at end-October per CNBC report on the Groq deal. Cash balance, not capex.
Named sites

Where Nvidia builds

Texas
1 site
Open the Texas investment tracker →
SiteStatePlaceCapitalMWStatusSources
Abilene campus (Oracle tenancy, Stargate-adjacent)
with Oracle, Crusoe, Blue Owl Capital, Primary Digital Infrastructure
 Texas Abilene n.a. n.a. operating
Financing

Financing transactions

Transactions that name Nvidia as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.

PartiesInstrumentAmountDateSiteSources
Nvidia + Apollo + BlackRock + Blackstone + Brookfield + Goldman Sachs + KKR
On August 10, 2026 Nvidia announced strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish AI compute infrastructure financing platforms intended to mobilize over $500 billion of third-party capital over time.
 platform ≥$500B August 10, 2026 n.a.
OpenAI + SoftBank Group (Vision Fund 2) + Nvidia + Amazon
OpenAI's $122 billion funding round, which valued the company at $852 billion, drew commitments of up to $50 billion from Amazon and $30 billion each from Nvidia and SoftBank. SoftBank paid its $30 billion in three $10 billion tranches due 1 April, 1 July and 1 October 2026, funding the last from an $11.1 billion high-yield bond sale announced 24 September 2026, which lifted its total OpenAI investment to $64.6 billion for about a 13% stake; it also repaid and closed its $40 billion bridge loan. SBS, citing The Information, reported that Nvidia also paid its final $10 billion and that Amazon's $50 billion was paid in full in July 2026. OpenAI is now reported to be seeking a further $30 billion at a $1.4 trillion valuation.
 equity raise $122B Round agreed early 2026 (TNW: SoftBank commitment agreed late February 2026; SBS: March 2026 round); SoftBank's third and final $10 billion tranche paid 1 October 2026 Japan time, completing its $30 billion; Nvidia's final $10 billion reported paid by The Information on 1 October 2026 (relayed by SBS) n.a.
NVIDIA + SB Energy + OpenAI
NVIDIA guaranteed SB Energy's PORTS-Pike Technology Campus in Pike County, Ohio to exclusively host NVIDIA AI compute. SB Energy will build, own and operate the campus under a 20-year lease to OpenAI, which has contracted for approximately 8 IT-GW: an initial 4.25 IT-GW plus a 3.75 IT-GW option. Capacity is expected to come online in phases from 2028. SB Energy's registration statement further discloses that the transmission expansion project enabling full planned campus capacity could alone require over $6 billion in credit support, in the form of guaranties or letters of credit.
 guarantee ~$105B Announced 17 August 2026 PORTS-Pike Technology Campus (OH)
Anthropic + Nscale + NVIDIA
Nscale's Form S-1 states that on 25 August 2026 it entered into a series of GPU Services Agreements with Anthropic PBC to provide dedicated GPU infrastructure services at its Monarch Compute Campus in Mason County, West Virginia, supporting NVIDIA Vera Rubin NVL72 GPUs, with aggregate payments of up to approximately $44.6 billion. Press reports in August 2026 described the deal as about $45 billion over six years for roughly 460 MW, with systems expected to begin coming online in late 2027
 lease ~$44.6B Agreements entered 25 August 2026; disclosed in Nscale Form S-1 filed 18 September 2026 Monarch Compute Campus (Nscale West Virginia campus) (WV)
Anthropic + Lambda + Nvidia + Hut 8
Anthropic agreed a reported $35 billion cloud computing agreement with Lambda, a San Jose based cloud provider in which Nvidia is an investor. The capacity is reported to run through Hut 8's Beacon Point campus in Nueces County, Texas, a facility of six data halls totaling 352 MW of critical IT capacity, with Nvidia holding the underlying lease and Lambda installing Nvidia systems. Neither Anthropic nor Lambda has published the contract terms, and Hut 8's project bond disclosure names the tenant only as rated AA- or higher. Press coverage places Anthropic's cumulative cloud commitments announced in recent months at approximately $175 billion.
 other ~$35.0B Reported 31 August 2026 by The Wall Street Journal and Bloomberg; widely reported 1 September 2026 Beacon Point data center (TX)
MGX + BlackRock + Kuwait Investment Authority + Temasek + Nvidia + xAI + Microsoft + AI Infrastructure Partnership + GIP
MGX is a founding partner of the AI Infrastructure Partnership (AIP), seeking $30 billion of equity scaling to up to $100 billion including debt financing. Kuwait Investment Authority joined in June 2025 and Temasek made an anchor investment at the October 2025 initial closing.
 platform $30.0B n.a. in source; KIA joined June 2025, Temasek anchored October 2025 initial closing n.a.
Nvidia + Groq
Nvidia agreed to buy AI chip startup Groq for about $20 billion, structured as an asset purchase with a non-exclusive license, an approximately $20 billion asset purchase. Nvidia held $60.6B cash at end-October per the same report.
 acquisition ~$20.0B December 24, 2025 n.a.
Nvidia + KKR + Kuwait Investment Authority + Vistra
Nvidia is a partner in KKR's approximately $10 billion Helix Digital Infrastructure vehicle with Kuwait Investment Authority and Vistra, and was later named a founding investor in Helix alongside KKR.
 platform ~$10.0B Date n.a. in this part n.a.
NVIDIA + Anthropic
NVIDIA said it will invest up to $10 billion in Anthropic alongside Anthropic's commitment to up to one gigawatt of compute on NVIDIA Grace Blackwell and Vera Rubin systems. Recorded separately from Microsoft's investment; the two are not summed here.
 equity raise $10.0B Announced 18 November 2025 n.a.
Nvidia + CoreWeave
Nvidia signed a $6.3 billion cloud computing capacity order that backstops CoreWeave's unsold capacity, running to April 13, 2032. The atlas identifies it as one of two mechanisms that most directly convert Nvidia's balance sheet into third-party debt capacity.
 backstop $6.3B Signed September 2025 per source URL context; backstop runs to April 13, 2032 n.a.
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.
Nscale + Figure + Nvidia
Nscale and Figure announced a strategic partnership to deploy the Nvidia Vera Rubin platform across up to 100,000 GPUs, with an initial commitment of $3.5 billion of compute and a stated intent to scale to over $6 billion. Initial GPU deployment is targeted for the second half of 2027 in Barstow, Texas. Figure will use the capacity to train its Helix model, Nscale becomes Figure's preferred compute provider, and Nscale is making a strategic investment in Figure that will make it a Figure shareholder. The size of that equity investment was not disclosed.
 other ≥$3.5B Announced 3 September 2026 n.a.
Nscale + Nvidia + Third Point + Goldman Sachs
Nscale's Form S-1 states that on 15 September 2026 it entered into a Subscription Agreement for a minimum of $3.1 billion of pre-IPO capital: $2.1 billion of unsecured Convertible Loan Notes and a further $1.0 billion of unsecured convertible loan notes or Non-Voting Shares to be issued to NVIDIA. The notes convert automatically into ordinary shares (non-voting shares for NVIDIA) on completion of the IPO. The NVIDIA sale is to close on or around 16 November 2026. Reuters had reported on 4 September 2026 that Nscale was in talks to raise about $3.5 billion, with Third Point leading the convertible notes and Goldman Sachs working on the fundraising. On 25 September 2026 Nscale announced completion of the round at $3.36 billion, led by Third Point with investors including NVIDIA, Apollo, Citadel, Hudson Bay Capital, Abu Dhabi Investment Council and 8090 Industries; Goldman Sachs acted as placement agent. The notes convert into ordinary shares (non-voting shares for NVIDIA) on completion of the IPO.
 proposed convertible notes and strategic equity $3.4B Subscription Agreement entered 15 September 2026 (Form S-1 filed 18 September 2026); completion announced 25 September 2026; NVIDIA portion to close on or around 16 November 2026 n.a.
Nvidia + CoreWeave
Nvidia invested $2 billion of equity in CoreWeave at $87.20 per share on January 26, 2026, tied to a partnership to scale more than 5GW by 2030.
 equity raise ≥$2.0B January 26, 2026 n.a.
Nvidia + Nebius + Nebius Group
Nvidia committed $2 billion of equity to Nebius on March 11, 2026, under a partnership to scale more than 5GW by 2030, having also participated in Nebius's December 2024 round.
 equity raise $2.0B March 11, 2026; plus Dec 2024 round participation n.a.
NVIDIA + Brookfield Artificial Intelligence Infrastructure Fund + Kuwait Investment Authority
Bloomberg reported on 17 September 2026 that investor documents show NVIDIA committed $2 billion to the Brookfield Artificial Intelligence Infrastructure Fund, revealing the size of a previously disclosed investment. The fund targets $10 billion, has NVIDIA and the Kuwait Investment Authority as anchor investors, and invests globally in AI factories, dedicated behind-the-meter power and compute infrastructure. The commitment is a fund pledge, not deployed North American capital
 fund commitment $2.0B Reported 17 September 2026 from investor documents. Reported by Bloomberg n.a.
CoreWeave + Nvidia
The IPO listed CoreWeave on Nasdaq under CRWV; the stock opened at $39, implying roughly a $23 billion valuation.
 equity raise $1.5B priced March 27, 2025 n.a.
Nvidia + Lambda
A $1.5 billion lease-back from Nvidia to Lambda, reported September 2025. Terms beyond the reported figure are not disclosed in the fetched sources.
 lease ~$1.5B Reported September 2025 n.a.
NVIDIA + SB Energy
Alongside the PORTS-Pike guarantee, NVIDIA made a $1.5 billion equity investment in SB Energy, the SoftBank-backed developer that will build, own and operate the campus. SB Energy's Form S-1/A Amendment No. 2 (21 September 2026) states that NVIDIA has prepaid $1.5 billion under a forward contract to buy non-voting Class N common stock at 90% of the IPO price, settling on completion of the offering, and has separately committed to buy a further $1.5 billion of Class N stock in a concurrent private placement at the IPO price, contingent on and closing with the IPO. In total NVIDIA will invest $3.0 billion in connection with the offering. The amount on this record stays at $1.5 billion; the additional $1.5 billion is contingent on an IPO that was reported delayed on 21 September 2026.
 equity raise $1.5B Announced 17 August 2026; terms restated in Form S-1/A Amendment No. 2 filed 21 September 2026 PORTS-Pike Technology Campus (OH)
Nscale + Aker ASA + Nvidia + Dell + Nokia + Blue Owl Managed Funds + Fidelity + G Squared + Point72 + T.Capital + Sandton Capital
Series B with Nvidia, Dell, Nokia, Blue Owl Managed Funds, Fidelity, G Squared, Point72, T.Capital and Sandton Capital participating.
 equity raise $1.1B September 25, 2025 n.a.
Lambda + JPMorgan Chase & Co. + Microsoft + Nvidia
Bloomberg reported that Lambda raised about $1 billion of private short-dated debt, marketed to private placement investors, to buy Nvidia GPUs that will be leased by Microsoft under Lambda's 2025 agreement with Microsoft. JPMorgan declined to comment and Lambda, Nvidia and Microsoft did not respond. The deal followed Lambda's $926 million term loan that closed in August 2026. On 1 October 2026 Lambda announced the closing of a $1 billion investment-grade delayed draw term loan marketed to insurance companies and fixed income investors, its first US fixed rate financing. The facility was oversubscribed, is rated A (low) by Morningstar DBRS and Baa1 by Moody's, and carries a 6.78% fixed interest rate per the release. Proceeds fund the purchase and development of GPU infrastructure for three committed customer deployments with two investment-grade offtakers across multiple data centers; the release does not name the offtakers. J.P. Morgan acted as sole coordinating lead arranger, structuring agent and bookrunner.
 private placement debt (short-dated) $1.0B Reported by Bloomberg 28 August 2026; closing announced by Lambda 1 October 2026 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.
Nvidia + CoreWeave + Nebius + Nscale + Lambda + Crusoe
Nvidia backstops $860M of partner data center lease obligations, with $470M escrowed, across CoreWeave, Nebius, Nscale, Lambda and Crusoe.
 guarantee $860M Date n.a. in this part n.a.
Together AI + Aramco Ventures + Nvidia + Vista
Series C citing more than 500MW of capacity commitments.
 equity raise $800M July 1, 2026 n.a.
Nebius Group + Nvidia + Accel
Strategic equity financing to accelerate roll-out of full-stack AI infrastructure.
 equity raise $700M December 2, 2024 n.a.
GMI Cloud + ARCHIV (Series B lead) + NVIDIA + CTBC (credit facility lead) + DSC Investment + Trend Micro + KB Investment + Kyobo Life + KT Corporation
GMI Cloud, a Mountain View, California GPU cloud provider, raised $668 million to expand capacity in the United States, Taiwan and the rest of Asia-Pacific, grow its inference services and hire. The Series B was led by ARCHIV with participation from NVIDIA and Asia-Pacific investors; the credit facility is led by CTBC. The split of capacity between US and Asian sites was not disclosed.
 equity raise $668M Announced 1 October 2026 (GMI Cloud release, Mountain View dateline); first reported 30 September 2026 by The Information n.a.
Crusoe Energy + Founders Fund + Fidelity + Mubadala + Nvidia + Ribbit + Valor + Crusoe
Series D led by Founders Fund.
 equity raise $600M closed December 12, 2024 n.a.
Nvidia + Supermicro + Lambda
A $600M Supermicro 21MW Prime sublease was routed to Lambda as part of Nvidia's Lambda-related commitments.
 lease $600M Date n.a. in this part n.a.
Lambda + Andra Capital + SGW + Nvidia + ARK Invest + In-Q-Tel + Supermicro
Series D co-led by Andra Capital and SGW, with Nvidia, ARK Invest, In-Q-Tel and Supermicro participating.
 equity raise $480M February 2025 per DCD n.a.
CoreWeave + Nvidia
CoreWeave's April 2023 Series B included a $100 million investment from Nvidia.
 equity raise $421M April 2023 n.a.
Groq + Disruptive + Nvidia
Groq raised $350 million to fund its pivot from AI chip design to operating a cloud of Nvidia systems, following a $650 million round in June 2026. Groq said it operates 13 data centers across North America, Europe, the Middle East and Asia Pacific and intends to scale from 54 MW to more than 200 MW in 2027
 equity $350M Announced 17 August 2026 n.a.
Nvidia + CoreWeave
Nvidia placed a $250M order in CoreWeave's IPO.
 equity raise $250M CoreWeave IPO (date n.a. in this part) n.a.
IBM + Together AI + Nvidia
IBM agreed to deploy a large cluster of Nvidia HGX B300 systems for Together AI under a $240 million infrastructure deal. The hardware is expected to become available through IBM Cloud in the first half of 2027. Together AI will use the cluster to host workloads for customers of its public cloud
 infrastructure capacity agreement $240M Announced 11 August 2026 n.a.
Nvidia + Applied Digital
Nvidia sold its entire Applied Digital position, worth roughly $182 million, with the exit disclosed in a Q4 13F. The atlas frames this as evidence Nvidia's support is selective rather than blanket.
 other ~$182M Exit disclosed in Q4 13F n.a.
Nvidia + Applied Digital + Related Companies
Nvidia participated in a $160M PIPE in Applied Digital before later exiting the position entirely.
 equity raise $160M Date n.a. in this part n.a.
Nvidia + CoreWeave
Nvidia made a $100M Series B commitment to CoreWeave, the first rung of its CoreWeave direct-investment ladder.
 equity raise $100M Series B (date n.a. in this part) n.a.
Nvidia + Lambda
Nvidia participated in Lambda's Series D round. The source does not state Nvidia's dollar commitment.
 equity raise n.a. Date n.a. in this part n.a.
Nvidia + neocloud operators
Nvidia is reported to be introducing a model guaranteeing a minimum GPU utilization floor for neocloud operators to de-risk GPU-backed loans by backing residual value. Reported, not a company disclosure of a dollar commitment.
 guarantee n.a. Reported; date n.a. in this part n.a.
NVIDIA + Cloverleaf Infrastructure
NVIDIA took a minority investment in Cloverleaf Infrastructure, a Houston developer of powered data center sites founded in 2024 and backed by Sandbrook Capital and NGP Energy Capital. Cloverleaf will adopt the NVIDIA DSX platform to bring site, power, cooling, computing and facility decisions together earlier in project design, targeting shovel-ready sites under power, water and grid constraints.
 equity raise n.a. Announced 21 August 2026 n.a.
SB Energy, Inc. + SoftBank + OpenAI + NVIDIA
SB Energy, Inc. filed a Form S-1 registration statement for an initial public offering of Class A common stock on 1 September 2026. The filing discloses a Data Center Contracted Portfolio of 8.8 GW-IT, comprising 0.8 GW-IT under construction (the Cosmos Technology Campus and Milam County Buildings 1 and 2) and 8.0 GW-IT contracted but not under construction (the PORTS-Pike Technology Campus), against 5.5 GWac of power that is operating, under construction or contracted, of which approximately 2.2 GWac of solar and battery storage was in service at 30 June 2026. No data center capacity is in operation. The company reports approximately $439 billion of backlog ($430 billion data center segment, $10 billion power segment) and approximately $178 billion of backlog-associated capex ($174 billion data center, $4 billion power), and states that approximately $357 billion of the backlog is expected to be recognized beyond 96 months. SoftBank and OpenAI are strategic investors and customers; NVIDIA is a strategic investor and residual value guarantor at PORTS-Pike and is expected to become a holder of Class N common stock in connection with the offering, subject to closing of a concurrent private placement and settlement of a prepaid forward contract. Underwriters named on the cover include J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, Citigroup and Mizuho. The registration statement records total revenue of $138.7 million and a net loss attributable to SB Energy, Inc. of $3,208.9 million for the six months ended 30 June 2026. SB Energy filed Amendment No. 2 to its Form S-1 on 21 September 2026, still leaving the offering size and price range blank and keeping the proposed Nasdaq and Nasdaq Texas symbol SBE. The amendment states that NVIDIA will invest $3.0 billion in total in connection with the offering, through a $1.5 billion private placement of Class N shares at the offering price and $1.5 billion already prepaid under a forward contract at 90 percent of that price, adds a Citibank agented revolving credit agreement whose $473.0 million initial borrowing is to repay the Hickory Facilities, and says the company targets up to 90 percent debt financing of $8 billion to $9 billion of capital expenditure per building at the PORTS-Pike Technology Campus. Reuters reported on 21 September 2026, citing The New York Times, that SB Energy had delayed its IPO; the company has not confirmed a postponement in any SEC filing.
 equity raise n.a. Form S-1 filed 1 September 2026; Amendment No. 2 filed 21 September 2026; delay reported 21 September 2026 (Reuters citing The New York Times), not confirmed by the company n.a.
Nvidia + Lancium + Blackstone
Nvidia made a strategic investment in Lancium, a Blackstone portfolio company, alongside a collaboration to deploy Nvidia AI factory technology across Lancium's campuses. Lancium said it has 4 GW of capacity under lease and a development pipeline exceeding 15 GW of powered land, which will serve as deployment sites for Nvidia cloud partners and AI companies. Lancium plans to use Nvidia DSX reference designs, including DSX Flex for grid-responsive power consumption
 strategic equity investment and partnership n.a. Announced 24 August 2026 n.a.
The record

Sourced facts on Nvidia

  • Nvidia is named among Arm, Microsoft, NVIDIA, Oracle, and OpenAI as the key initial technology partners of the Stargate Project, though not among its equity funders, which are SoftBank, OpenAI, Oracle, and MGX.
  • Nvidia joined the AI Infrastructure Partnership on 19 March 2025, alongside xAI, when the platform was renamed and confirmed a target of $30 billion of equity scaling to up to $100 billion including debt.
  • Nvidia is a partner in KKR's approximately $10 billion Helix Digital Infrastructure vehicle with Kuwait Investment Authority and Vistra, and was named a founding investor in Helix alongside KKR.
  • Nvidia wrote $2 billion equity cheques into CoreWeave at $87.20 per share and into Nebius, each tied to partnerships to scale more than 5GW by 2030.
  • Nvidia is reported to be introducing a model guaranteeing a minimum GPU utilization floor for neocloud operators to de-risk GPU-backed loans by backing residual value.
  • In the same window as its CoreWeave and Nebius equity commitments, Nvidia sold its entire Applied Digital position, worth roughly $182 million, with the exit disclosed in a Q4 13F.
  • The $6.3 billion unsold-capacity order running to April 13, 2032 and the reported minimum-GPU-utilization floor for neocloud operators are the two mechanisms that most directly convert Nvidia's balance sheet into third-party debt capacity.
  • No dollar-denominated per-partner NCP program commitments were confirmable in the source (n.a.).
Sources

Sources for Nvidia

Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.

Chipmaker: one page each

Groq (Nvidia position) 0Nvidia 1

The figure beside each provider is its count of named sites in the atlas.

Part of the North American Data Center Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice.
The SAVRN reference set

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.

Delay Watchlist
Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue.
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Moratorium Tracker
The policy layer: every state measure and local moratorium mapped and cited, with one page per state.
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Water Tracker
Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger.
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Grid Operator Watchlist
ERCOT, PJM, MISO, CAISO, SPP, NYISO, ISO-NE and FERC: the large-load rules, filings and queue positions that decide whether a site can energize.
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Permits and Power Development
Data center and substation permits, large loads in the interconnection queues, and the power plants planned to serve them, refreshed hourly from public records.
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SAVRN Scarcity Tracker
Eleven primary-sourced indicators of AI infrastructure scarcity, one composite index, read against the token index, SAVRN's own cost basis and the frontier ceiling.
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