Nvidia to acquire $1B in new shares of South Korea’s Naver, boosting AI and crypto ambitions

Nvidia is putting $1 billion into Naver Corp, South Korea’s internet giant, in a deal that connects two of the hottest themes in global markets right now: AI infrastructure buildout and crypto exchange consolidation. The investment, announced on July 24, is designed to supercharge AI data center capabilities at GAK Sejong’s hyperscale facility. But the real story for crypto watchers is what Naver plans to do with all this firepower, and who it’s buying next. The deal and what’s behind it Nvidia’s $1 billion buys newly issued Naver shares, making this a direct capital injection rather than a secondary market purchase. The money is earmarked to help triple Naver’s AI data center capacity from 55 MW to 200 MW by 2028. The investment is part of a much larger financing package targeting roughly $10 billion in total. Brookfield has signed a non-binding term sheet for up to $9 billion of that, contingent on Naver locking down additional financing. Nvidia’s billion essentially helps Naver check that box. The deal also aligns with the launch of Nvidia’s DSX platform, which the company has branded as its “AI factory.” Naver and Nvidia had already struck a partnership in June 2026 focused on ...