Anthropic Agrees to $45 Billion Cloud Deal With Nscale

Anthropic PBC agreed to pay $45 billion over six years to rent AI cloud computing power from Nscale Global Holdings Limited at the Monarch campus in West Virginia. The deal provides approximately 460 megawatts of power for the first of three buildings at the site, utilizing Vera Rubin chips from Nvidia Corp.

This agreement follows a decision by Microsoft Corp. to walk away from the West Virginia site earlier this summer. The partnership is part of a broader strategy by Anthropic to secure massive computing capacity before a planned initial public offering, following similar multi-billion dollar deals with SpaceX, Fluidstack, and Volta Infra Holdings Ltd.

For Nscale, the agreement is critical as the company prepares for its own initial public offering as early as next month. The full development of the Monarch campus, which includes an on-site power plant, is estimated to cost $71 billion and will eventually provide 1.35 gigawatts of power.