Sources: Oracle and OpenAI abandoned plans to expand a Stargate Texas data center amid financing disputes; Meta considers leasing the planned expansion site

Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged …

Bloomberg 2026-03-06

@edludlow Ed Ludlow on x
BREAKING: Oracle and OpenAI have scrapped plans to expand their flagship Stargate AI data center in Abilene, Texas after financing talks dragged and OpenAI's needs shifted. The collapse opened the door for Meta to lease the expansion site from Crusoe — with Nvidia paying a $150M
r/wallstreetbets r on reddit
Oracle and OpenAI End Plans to Expand Flagship Data Center
@mjbommar Michael Bommarito on x
we're 1-2 events away from a 2008 meltdown, especially in private credit and related single names... [image]
@anissagardizy8 Anissa Gardizy on x
on the OpenAI-Oracle deal in Abilene, Texas... -Oracle is still leasing eight buildings for OpenAI from Crusoe (~400k Nvidia Blackwell GPUs). Two are completed so far. -OpenAI doesn't want to add Vera Rubin chips to the site and would put them in campuses slated to have VRs [imag…
@edzitron Ed Zitron on x
As @kakashiii111 said - why does NVIDIA need to put down a $150m deposit? Meta has the money too! This is so utterly peculiar
@kakashiii111 @kakashiii111 on x
Remember: Nvidia will spend its money wherever, on whatever, and on whoever is necessary to keep the “GPU demand” Titanic afloat. He is willing to deploy all of Nvidia's cash reserves.
@kakashiii111 @kakashiii111 on x
Why does Nvidia pay a $150M deposit? Meta has great cash flow, right? They can stand by themselves, right?

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