The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Nvidia → Nscale

$860.3M (ceiling) (contingent guarantee, not in the totals) — **Nvidia agreed to guarantee up to $860.3 million of Nscale's rent for the first five years of a Ward County, Texas data-center lease, Nscale's IPO filing discloses, with Nscale holding $470 million in escrow as recourse for Nvidia and paying Nvidia in warrants for the guarantee.

high confidence · as of 2026-09-18T00:00:00Z · about Nscale

$860.3M (ceiling) (contingent guarantee, not in the totals) — **Nvidia agreed to guarantee up to $860.3 million of Nscale's rent for the first five years of a Ward County, Texas data-center lease, Nscale's IPO filing discloses, with Nscale holding $470 million in escrow as recourse for Nvidia and paying Nvidia in warrants for the guarantee.

Sourced figures 1


the working

Basis

$860.3M (ceiling) (contingent guarantee, not in the totals) — **Nvidia agreed to guarantee up to $860.3 million of Nscale's rent for the first five years of a Ward County, Texas data-center lease, Nscale's IPO filing discloses, with Nscale holding $470 million in escrow as recourse for Nvidia and paying Nvidia in warrants for the guarantee.

Threads 0

No thread tagged to this actor yet.

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Research · Q1.