Anthropic Signs $35 Billion Cloud Deal With Lambda
Reuters reports a $35 billion compute agreement between Anthropic and Nvidia-backed Lambda, with none of the companies confirming the deal.
Symbolic image: a crane lowers a server rack into a data center hall still under construction, beside a finished row of racks already blinking with status lights.
Anthropic has reportedly committed about $35 billion to cloud capacity from Nvidia-backed Lambda to keep up with demand for Claude and Claude Code, according to Reuters.
At a glance
- Size: roughly $35 billion in compute capacity from Lambda, reported by Reuters citing an anonymous source.
- Location: Nueces County, Texas, a site designed for about 350 megawatts.
- Hut 8, a former crypto miner, is developing the site; Nvidia holds the lease, per the Wall Street Journal.
- In July, Hut 8 disclosed a 15-year lease worth $98 billion with a customer it did not name at the time.
- One week earlier: $45 billion to Nscale for a data center in West Virginia.
Anthropic is taking on roughly $35 billion worth of cloud capacity from Lambda, a provider backed by Nvidia. Reuters reported the agreement, citing an anonymous source, and none of the companies involved commented on it. The capacity is intended to absorb rising demand for Claude and the company's coding tool, Claude Code.
A Texas Site Built by a Former Crypto Miner
The compute sits in Nueces County, Texas, at a site designed for about 350 megawatts. It is being developed by Hut 8, which mined cryptocurrency before pivoting into AI data centers. According to the Wall Street Journal, Nvidia itself holds the lease on the building.
That places the chipmaker on both sides of the arrangement. It backs Lambda as an investor and holds the lease on the site where the capacity will run. Hut 8 disclosed a 15-year lease worth $98 billion in July without naming the tenant, and the available reporting does not state clearly whether that lease covers this same facility.
Back-to-Back Multibillion-Dollar Commitments
A week earlier, Anthropic signed a $45 billion contract with Nscale for a data center in West Virginia. The two commitments together come to $80 billion. That is a large amount of capital locked into capacity that only becomes usable later.
What Remains Unclear
Neither report gives a term for the Lambda agreement. There is also no public schedule for how the $35 billion would be spread across the years. Until one of the parties confirms the arrangement, the figure rests on a single unnamed source.
FAQ
How much is Anthropic paying Lambda?
Reuters puts the figure at roughly $35 billion. Neither Anthropic nor Lambda has confirmed the agreement, and the contract term has not been reported.
Where is the data center behind the Lambda deal?
In Nueces County, Texas. The site is designed for about 350 megawatts and is being developed by Hut 8, with Nvidia holding the lease according to the Wall Street Journal.
What other compute deals has Anthropic signed recently?
A week before the Lambda report, Anthropic signed a $45 billion contract with Nscale for West Virginia. The two commitments together come to $80 billion.
