Anthropic signs $35B Lambda cloud deal backed by Nvidia

Anthropic has signed a $35 billion cloud-computing agreement with Nvidia-backed provider Lambda for capacity at a Texas data center being developed by Hut 8. The deal was reported by WSJ, and Nvidia will hold the lease on the facility, according to people familiar with the agreement.

At a glance

• The planned facility in Nueces County, Texas, is expected to provide about 350 megawatts for Anthropic’s workloads under the Lambda arrangement.
• Lambda is backed by Nvidia, while Nvidia separately secured the data-center capacity from Hut 8 and will retain the lease tied to the project for Anthropic’s use.
• The agreement follows Anthropic’s announcement of a $45 billion Nscale commitment for a West Virginia campus, as the company expands computing for Claude and Claude Code.

Anthropic’s infrastructure commitments are becoming a direct test of how quickly AI companies can secure enough specialized computing for expanding services. Taken together, the Lambda and Nscale arrangements appear to reflect a strategy of locking in capacity across separate data-center projects, while Nvidia’s role connects chip supply, leasing and cloud access in the same buildout.

The Texas project is planned at about 350 megawatts for Anthropic’s workloads

The data center is being developed by Hut 8 in Nueces County, Texas. The project covers about 350 megawatts of capacity, according to a source familiar with the matter, and the information was not public when the deal was reported. Anthropic, Nvidia, Lambda and Hut 8 are the companies tied to the arrangement.

Lambda will provide the cloud capacity for Anthropic, while Nvidia is expected to hold the lease on the data center itself. Nvidia signed an agreement with Hut 8 a few weeks before the deal was reported to secure capacity at the facility, according to people familiar with the transaction.

Anthropic’s $45 billion Nscale commitment follows the Lambda agreement

The Lambda deal adds Nvidia capacity for Anthropic’s Claude AI services. Anthropic has been expanding its computing resources as it anticipates demand growth for products including Claude Code, its AI coding tool, according to the source.

Anthropic is preparing for an initial public offering and said it would spend $45 billion to rent AI cloud-computing power from Nscale’s data-center campus in West Virginia. That announcement came last week, placing the Lambda agreement alongside another large commitment for infrastructure dedicated to AI workloads.

Hut 8’s 15-year lease carries a $19.6 billion base-term value

Hut 8 said in July that it had signed a 15-year lease with an investment-grade customer. The lease had a base-term contract value of $19.6 billion, according to Reuters. The company did not identify the customer in that announcement.

The Financial Times later reported that Nvidia was the tenant for Hut 8’s 1-gigawatt Beacon Point campus. The reported Nvidia lease helps explain how capacity secured by Nvidia can be made available through Lambda for Anthropic, although the sources do not describe the full commercial structure of the arrangement.

Capacity delivery remains unspecified

The available reports do not give a schedule for when the Nueces County facility will begin serving Anthropic’s workloads. They also do not specify how the $35 billion agreement will be divided between cloud services, data-center capacity and other infrastructure costs. For now, the disclosed figures establish the scale of the commitment and Nvidia’s role in securing the site, but not the project’s operating timetable.