Anthropic Signs $35 Billion Cloud Computing Deal with Nvidia-Backed Lambda

Anthropic has entered into a landmark $35 billion cloud computing agreement with Lambda, a cloud services provider backed by Nvidia, according to sources familiar with the matter. The deal underscores the intensifying competition among AI developers to secure massive computational capacity as demand for advanced model training and inference continues to outpace supply.

The agreement involves data center capacity currently being developed by Hut8, a Bitcoin miner turned data center developer, in Nueces County, Texas. Sources said Nvidia signed an agreement with Hut8 several weeks ago to lock in compute resources at the facility, which will now support Anthropic's expanding AI workloads. The arrangement highlights the growing convergence between the cryptocurrency mining industry and the AI infrastructure sector, as companies like Hut8 pivot their energy-intensive facilities toward high-performance computing.

The $35 billion commitment ranks among the largest cloud deals in the AI industry to date, reflecting Anthropic's aggressive push to secure long-term compute capacity amid a global shortage of AI-ready data centers. Lambda, which specializes in GPU-cloud services and operates clusters powered by Nvidia chips, has emerged as a key player in providing specialized infrastructure for frontier AI labs.

The deal also signals a broader trend of AI companies locking in multi-year, multi-billion-dollar agreements with cloud providers to avoid bottlenecks in accessing advanced chips and data center capacity. With lead times for new data center construction stretching across several years, securing capacity ahead of demand has become a strategic imperative for leading AI firms.

The Texas facility is part of a wave of data center projects emerging across the southern United States, where abundant land, power availability, and favorable tax environments have attracted major infrastructure investments. For Hut8, the agreement validates its strategic pivot toward AI infrastructure, positioning the company as a significant player in the rapidly expanding market for specialized computing facilities.