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SoftBank, OpenAI, and Oracle launch $500B Stargate AI data center expansion in Ohio and four other US sites

Market News
29 Jun 2026
Crypto Briefing
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Bullish
SoftBank, OpenAI, and Oracle launch $500B Stargate AI data center expansion in Ohio and four other US sites

SoftBank, OpenAI, and Oracle are collaborating to convert a former auto plant in Lordstown, Ohio, into an advanced data center as part of the Stargate AI initiative. This project is among five new US sites added in September 2026, aiming for nearly 7 GW of energy capacity and a total investment of around $500 billion. The initiative targets building infrastructure to support AI growth, with operations at the Ohio site expected in 2026. The expansion also impacts crypto markets, as AI energy demand could create new revenue opportunities for Bitcoin miners with existing energy and facility advantages.

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Chery launches Globalisation 3.0 strategy focusing on AI and green tech for future growth

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