OpenAI Secures $5.5 Billion Warrant from SB Energy

By: www.panewslab.com|2026/08/31 04:06:00

SB Energy has provided approximately $5.5 billion in warrants to OpenAI in a bid to secure the company as a tenant for its data centers. The company is expected to publicly file for an IPO as early as this week, aiming to raise between $5 billion and $7 billion. OpenAI has previously invested in SB Energy, and both SoftBank and OpenAI plan to become tenants of three data centers operated by SB Energy. The fourth data center, located in Scurry County, Texas, has a capacity of 900 megawatts, and customers have yet to be confirmed.

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