What happened
Anthropic has signed a $35 billion cloud computing deal with Lambda, an Nvidia-backed cloud provider. The data center is being built in Nueces County, Texas, with roughly 350 megawatts of capacity.
Why it matters
This is part of Anthropic's major infrastructure push ahead of its planned IPO, following a $45 billion contract with Nscale last week. The added capacity is meant to keep up with growing demand for its AI model Claude and coding tool Claude Code.
What to watch
Because Nvidia, not Anthropic, holds the lease, the deal hinges on whether Hut 8’s unnamed July client is indeed Lambda—and whether the 15-year lease covers the 350 MW capacity. Watch for any confirmation of the client’s identity from the companies, which have stayed silent.
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Anthropic's latest move is a clear signal of its intent to scale up ahead of a planned IPO. The $35 billion agreement with Lambda comes just a week after a $45 billion contract with Nscale, showing a rapid pace of infrastructure investment. The construction in Texas, with Nvidia holding the lease, adds a notable layer—Nvidia is not just a chip supplier but also a key player in the data center itself.
The capacity expansion is aimed at meeting growing demand for Claude and Claude Code, indicating that Anthropic sees sustained interest in its AI products. The involvement of Hut 8, a company that pivoted from crypto mining, highlights how traditional tech and energy players are repurposing skills for AI infrastructure.
While the deal is substantial, no company involved commented to Reuters, and details remain based on anonymous sources. Observers will likely watch for official confirmations and further announcements as Anthropic continues to build out its cloud capacity.
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