Anthropic Signs $35 Billion Cloud Deal With Nvidia-Backed Lambda (reuters.com)
(Wednesday September 02, 2026 @11:00AM (BeauHD)
from the circular-deals dept.)
Anthropic has reportedly [1]signed a $35 billion cloud-computing deal with Nvidia-backed Lambda for a roughly 350-megawatt Texas data center being developed by Hut 8. "Lambda will install Nvidia chips at the Hut 8 facility, with the arrangement designed to expand the pool of Nvidia computing resources available to power Anthropic's Claude AI products," reports Quartz. From the report:
> The arrangement is a further sign of how Nvidia is positioning itself as a facilitator of computing access across the AI industry. It also benefited Lambda, which counts Nvidia as an investor and was able to land a major Anthropic contract without having to independently source or lease the underlying data center space, according to the Journal.
>
> The data center covers roughly 350 megawatts of capacity, according to [2]Bloomberg . Hut 8, which began as a bitcoin mining company before moving into AI data centers, disclosed in July that an investment-grade customer had signed 15-year leases for its Texas campus, with a base contract value of $19.6 billion, without naming the tenant.
>
> The Lambda deal is the latest in a series of large computing agreements Anthropic has pursued. Last week, the company agreed to spend $45 billion to rent capacity from Nscale's West Virginia data center campus. It has also signed deals worth $50 billion with neocloud Fluidstack Ltd. and $45 billion with SpaceX, according to Bloomberg.
[1] https://qz.com/anthropic-lambda-nvidia-cloud-deal-35-billion-090126
[2] https://www.bloomberg.com/news/articles/2026-08-31/anthropic-seals-35-billion-cloud-deal-with-nvidia-backed-lambda
> The arrangement is a further sign of how Nvidia is positioning itself as a facilitator of computing access across the AI industry. It also benefited Lambda, which counts Nvidia as an investor and was able to land a major Anthropic contract without having to independently source or lease the underlying data center space, according to the Journal.
>
> The data center covers roughly 350 megawatts of capacity, according to [2]Bloomberg . Hut 8, which began as a bitcoin mining company before moving into AI data centers, disclosed in July that an investment-grade customer had signed 15-year leases for its Texas campus, with a base contract value of $19.6 billion, without naming the tenant.
>
> The Lambda deal is the latest in a series of large computing agreements Anthropic has pursued. Last week, the company agreed to spend $45 billion to rent capacity from Nscale's West Virginia data center campus. It has also signed deals worth $50 billion with neocloud Fluidstack Ltd. and $45 billion with SpaceX, according to Bloomberg.
[1] https://qz.com/anthropic-lambda-nvidia-cloud-deal-35-billion-090126
[2] https://www.bloomberg.com/news/articles/2026-08-31/anthropic-seals-35-billion-cloud-deal-with-nvidia-backed-lambda