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Aug 31, 2026

Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda for Texas data center

AI company Anthropic has signed a $35 billion cloud-computing deal with Lambda, a cloud provider backed by Nvidia, for a data center in Nueces County, Texas. The project, being developed by Hut 8, covers approximately 350 megawatts of capacity.

Aug 31, 2026·3 sources

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Top claims

▪Hut 8 announced in July 2026 that it signed a 15-year lease deal with an investment-grade customer, later reported by the Financial Times to be Nvidia, for its 1-gigawatt Beacon Point campus with a base-term contract value of $19.6 billion.
▪Anthropic announced in August 2026 that it will spend $45 billion to rent artificial intelligence cloud computing power from Nscale's West Virginia data center campus.
▪The data center for the Anthropic-Lambda deal is being developed in Nueces County, Texas, by bitcoin miner and data-center developer Hut 8.

Topics

Data center development Compute, chips & AI infrastructure AI startups AI compute & environmental impact

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