Tag: AI Compute

  • Anthropic’s $10B Norway Compute Deal Taps 121MW of NVIDIA Vera Rubin Capacity

    Anthropic’s $10B Norway Compute Deal Taps 121MW of NVIDIA Vera Rubin Capacity

    Anthropic has reportedly signed a six-year, $10 billion compute agreement with Volta Infra Holdings for 121 megawatts of NVIDIA Vera Rubin capacity in Norway. Bloomberg identified Anthropic as the unnamed AI laboratory behind the contract, citing people familiar with the matter.

    Key Details at a Glance

    • Parties: Anthropic (reported), Volta Infra Holdings, and Bitdeer
    • Capacity: 121 critical IT megawatts of NVIDIA Vera Rubin compute
    • Location: Bitdeer’s hydro-powered Tydal campus in Norway
    • Timeline: First capacity by December 31, 2026; second phase by March 31, 2027

    A Major Early Win for Volta Infra

    Volta, which began operations in January 2026, will supply the NVIDIA-based infrastructure from Bitdeer’s Tydal site. The company describes itself as an integrated compute platform that combines infrastructure capital, secured power, and industrial-scale development. Co-founders Boada and Sofia Gumuzio previously worked at Brookfield Asset Management.

    Volta operates within NVIDIA’s Cloud Partner program, a network of providers that deploy NVIDIA GPUs while arranging physical data center sites through landlords and infrastructure owners.

    Lease Terms Give Bitdeer Long-Term Revenue Visibility

    Bitdeer’s Tydal subsidiary signed a 16-year lease with a Volta unit covering 121 critical IT megawatts and roughly 133 gross megawatts. Scheduled payments total approximately $4.7 billion during the base term. An optional eight-year extension could lift the total contract value to about $8 billion over 24 years.

    • Lease pricing begins near $202 per kilowatt-month, with 3% annual increases.
    • Bitdeer expects net operating income margins near 90% from contracted revenue.
    • Volta’s obligations carry about $1.3 billion in standby letters of credit, supported by affiliates of JPMorgan and another unnamed global institution.
    • The structure resembles Alphabet’s $43.8 billion in lease guarantees across its TPU ecosystem.

    Bitdeer shares rose as much as 23% on the news before settling about 10% above the previous close.

    Hydropower and Liquid Cooling Shape the Buildout

    Dell Technologies will provide NVIDIA’s Vera Rubin platform. Each Vera Rubin NVL72 rack combines 72 Rubin GPUs and 36 Vera CPUs inside a liquid-cooled chassis. Liquid cooling is required because chip-level heat density exceeds the limits of standard air cooling, and this shapes the design of the four planned data halls. Bitdeer has operated in Norway since 2018 and acquired the Tydal site in 2024, with delivery planned in two phases across those four halls.

    Norway produces more than 90% of its electricity from hydroelectric sources. Its cold climate helps Nordic facilities reach power usage effectiveness ratios near 1.1, versus about 1.58 for the average U.S. facility. At 121 megawatts of IT load, that efficiency advantage can free about 48 megawatts that would otherwise go to cooling and overhead.

    Anthropic’s Expanding Compute Footprint

    Anthropic previously signed a 300-megawatt agreement for SpaceX’s Colossus 1 facility in Memphis and has arranged computing deals with Amazon, Google, and Fluidstack. In November 2025, NVIDIA and Microsoft agreed to invest a combined $15 billion in Anthropic, alongside a $30 billion Azure compute purchase at a valuation near $350 billion.

    The reported Norway deal secures six years of Vera Rubin capacity for Anthropic, gives Volta a major launch customer, and locks in long-term lease income for Bitdeer. Delivery depends on two construction phases scheduled between late 2026 and March 2027 at Tydal. The disclosures do not state whether Anthropic will own the campus or the chips, nor do they divide capacity between model training and inference.

  • Anthropic and Meta Discuss $10 Billion AI Compute Lease, Boosting Meta Stock

    Anthropic and Meta Discuss $10 Billion AI Compute Lease, Boosting Meta Stock

    Anthropic is in early-stage talks to lease artificial intelligence computing capacity from Meta in a potential $10 billion, two-year agreement, according to reports. The deal would give Anthropic expanded access to AI chips while providing Meta with a new revenue stream from its data center investments.

    Meta Stock Rises on News

    Meta shares moved off their session lows after the report emerged on Friday. However, both companies declined to comment on the negotiations. The discussions are preliminary and may not result in a final contract.

    Potential Revenue Path for Meta

    Under the proposed terms, Anthropic would make monthly payments to Meta over two years. Either side could terminate the arrangement before the full term expires. If completed, this would mark Meta’s first large customer for rented computing capacity. Currently, Meta uses most of its data centers, chips, and power for its own services and AI models.

    CEO Mark Zuckerberg has previously discussed selling access to Meta’s infrastructure. At a shareholder meeting in May, he said cloud computing was “definitely on the table” and noted that companies approached Meta “almost every week” about buying models or spare computing power.

    Meta expects 2026 capital spending of between $125 billion and $145 billion, including finance lease payments and higher costs for components and data centers. Much of that spending supports AI systems and future computing capacity.

    Early Talks Leave Deal Uncertain

    Anthropic proposed a structure worth up to $10 billion across two years. Still, insiders describe the discussions as very preliminary. Meta must develop commercial systems for billing, customer support, security, and capacity management before operating a large cloud service.

    The companies have not disclosed how much computing power Anthropic could receive, nor have they identified specific chips, data center sites, pricing schedules, or start dates. The final value could fall below $10 billion, and either side could withdraw before the service period begins.

    Anthropic’s Growing Compute Needs

    Anthropic requires massive computing power to train and operate its Claude models. Demand for AI services has pushed developers to secure chips, electricity, and data center space through multiple providers.

    In May, Anthropic reached a separate agreement to use the full computing power of SpaceX’s Colossus 1 facility in Memphis. That site contains more than 220,000 Nvidia processors and provides 300 megawatts of capacity. Reports placed that arrangement at about $1.25 billion per month through May 2029, with early termination options.

    Anthropic also has computing arrangements with major cloud providers. Its talks with Meta show the company is adding more sources as usage grows across its consumer and business products. The proposal would diversify Anthropic’s infrastructure beyond its existing cloud partners.

    For Meta, a completed agreement would generate revenue tied directly to its AI infrastructure. The company is also building a broader cloud operation to sell spare capacity and access to selected AI models.

    No agreement has been announced, and neither Meta nor Anthropic has provided a timeline for completing or ending the talks.