SoftBank says a unit revised its US power equipment purchases for AI data centres

SoftBank Group said on 10 November, in its report for the six months to 30 September 2026, that its subsidiary Silver Bands 7 LLC has revised its plans for buying power generation equipment for American AI data centre projects. SoftBank and its second Vision Fund have both invested in the unit.

According to the report, the unit had reserved factory capacity and signed purchase contracts and other agreements for this equipment, to secure power supply for US AI data centres, among them the PORTS-Pike Technology Campus in Pike County, Ohio. SoftBank's earnings presentation says the payments were made in advance because shortages of the equipment were expected. The report puts the unit's payments for this equipment so far at $9.48 billion.

SoftBank says the unit then changed its procurement strategy to match the evolving needs of current and planned projects. Its investor presentation says $6.6 billion of the $9.5 billion has been set aside to buy equipment for PORTS-Pike's power generation project and for others, and that the other $2.9 billion was paid for equipment that the revised plans dropped.

SoftBank says the change, together with what the unit owes its suppliers, led it to book a loss of ¥597,248 million ($3.73 billion) for the six months, which its presentation says has nothing to do with PORTS-Pike.

SoftBank also says the unit may receive rebates of up to $2.1 billion on equipment it buys over the next 10 years, if certain conditions are met.

SoftBank's earnings presentation lists the PORTS-Pike Technology Campus at 8.0 GW-IT and in preparation for construction, and says a 20-year lease covering its full 8.0 GW-IT was signed on 17 August 2026.