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Anthropic Data Center Capex and Sites

Anthropic is a compute buyer that has become a direct infrastructure investor. It announced in November 2025 a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York, and committed more than $100 billion over ten years to AWS technologies for up to 5 GW of capacity. On 18 November 2025 it committed to purchase $30 billion of Azure compute capacity and to contract up to one gigawatt more, with Microsoft investing up to $5 billion and NVIDIA up to $10 billion in the company. In August 2026 it added a platform partnership with Macquarie Asset Management and GIC, who own the platform and fund the majority of project equity with Anthropic as anchor tenant, and was reported to have agreed to spend approximately $45 billion over six years for roughly 460 MW at Nscale's West Virginia campus. These are separate commitments to different counterparties and are not summed here.

Updated October 8, 2026 5 named sites 30 financing transactions 8 sourced facts 52 sources
Anthropic logo
Anthropic
Frontier AI lab
Financing regimevendor/strategic equity (Amazon $4B to $8B, then $5B plus up to $20B), long-term purchase commitments (>$100B AWS, ~$200B Google Cloud), and third-party developer builds (Fluidstack)
Named sites
5
Site-level commitments the atlas ties to Anthropic
Disclosed site capital
$11.0B
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
490 MW
Sum of named sites with a stated megawatt figure
Financing transactions
30
Transactions naming Anthropic or tied to one of its sites
Spending

Reported and guided spending

Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and never combined.

PeriodKindAmountAs statedSources
announced Nov 2025 guidance $50.0B
'a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York, with more sites to come.' Multi-year own-build program; sites coming online throughout 2026.
announced 18 November 2025 commitment $30.0B
$30 billion of Azure compute capacity plus contracted capacity up to one gigawatt
reported 26 August 2026 commitment ≥$45.0B
reported approximately $45 billion over six years for roughly 460 MW at Nscale's West Virginia campus; press-reported, not company disclosure
Named sites

Where Anthropic builds

Indiana
1 site · $11.0B disclosed
Open the Indiana investment tracker →
Texas
3 sites
Open the Texas investment tracker →
New York
1 site
Open the New York investment tracker →
SiteStatePlaceCapitalMWStatusSources
Project Rainier (New Carlisle)
with Amazon, AWS
 Indiana New Carlisle $11.0B n.a. operating
Cedar Creek data center and gas plant campus (382 Earl Callahan Road), Anthropic in lease talks
with BlackChamber Partners, Pacifico Energy
 Texas Cedar Creek, Bastrop County n.a. 490 proposed
Anthropic-Fluidstack New York data centers
with Fluidstack
 New York n.a. n.a. n.a. announced
Anthropic-Fluidstack Texas data centers
with Fluidstack
 Texas n.a. n.a. n.a. announced
Nexus Data Centers Hubbard AI campus (Anthropic anchor tenant)
with Nexus Data Centers (developer), Google (lease and power-payment guarantor), Morgan Stanley (lead bank), Eagle Point Credit Management (HoldCo lender), Broadcom (TPU vendor financing)
 Texas Hubbard, Hill County n.a. n.a. under construction
Financing

Financing transactions

Transactions that name Anthropic as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.

PartiesInstrumentAmountDateSiteSources
Anthropic + Google + Google Cloud
CNBC referenced Anthropic's $200 billion commitment to Google Cloud in coverage of the SpaceX capacity deal.
 other $200B referenced May 2026 n.a.
Anthropic + Amazon (AWS) + AWS
Anthropic committed more than $100 billion over ten years to AWS technologies, securing up to 5GW of new capacity to train and run Claude, with nearly 1GW total of Trainium2 and Trainium3 capacity coming online by end of 2026.
 other ≥$100B April 2026 n.a.
Broadcom + Blackstone + Anthropic
Bloomberg reported on 2 October 2026 that Broadcom's bank syndicate has started gathering $60 billion of new AI chip financing to benefit Anthropic and other companies: banks are poised to send syndication letters for a $42 billion Class A senior secured tranche, and Blackstone is leading an $18 billion Class B junior tranche, committing $9 billion from its funds and syndicating the rest. The deal has not been announced and Broadcom declined to comment. Bloomberg first reported in August 2026 that Broadcom was seeking more than $60 billion. The package follows the $35 billion Apollo-led transaction of June 2026 and is separate from the up to $42 billion loan from Broadcom to Anthropic described in Anthropic's prospectus.
 debt facility ~$60.0B Syndication reported by Bloomberg 2 October 2026; first reported as sought in August 2026; not announced by the companies n.a.
Anthropic + Fluidstack
Anthropic announced a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York with more sites to come, creating approximately 800 permanent jobs and 2,400 construction jobs.
 platform $50.0B announced November 2025 n.a.
Anthropic + Nscale + NVIDIA
Nscale's Form S-1 states that on 25 August 2026 it entered into a series of GPU Services Agreements with Anthropic PBC to provide dedicated GPU infrastructure services at its Monarch Compute Campus in Mason County, West Virginia, supporting NVIDIA Vera Rubin NVL72 GPUs, with aggregate payments of up to approximately $44.6 billion. Press reports in August 2026 described the deal as about $45 billion over six years for roughly 460 MW, with systems expected to begin coming online in late 2027
 lease ~$44.6B Agreements entered 25 August 2026; disclosed in Nscale Form S-1 filed 18 September 2026 Monarch Compute Campus (Nscale West Virginia campus) (WV)
Broadcom + Anthropic
Reuters reported on Thursday 1 October 2026, citing Anthropic's IPO prospectus, that Broadcom has agreed to lend Anthropic up to $42 billion through convertible notes to help finance infrastructure spending. The notes are sized to cover about one-third of the $125.2 billion Anthropic has pledged under a five-year agreement for tensor processing unit computing capacity. Broadcom may bring in a financing partner, the notes could convert into Anthropic equity, and Anthropic does not expect any notes to be sold before its IPO completes. Anthropic placed funds in a restricted account for Broadcom's benefit in April 2026. The same report says the prospectus lists $518 billion of total cloud, compute and infrastructure obligations. No prospectus is publicly available on EDGAR, so the terms rest on the press account; Broadcom did not comment and Anthropic declined to comment.
 convertible ~$42.0B Reported by Reuters 1 October 2026 from Anthropic's IPO prospectus, as carried by Yahoo Finance; the prospectus is not public on EDGAR n.a.
Anthropic + Lambda + Nvidia + Hut 8
Anthropic agreed a reported $35 billion cloud computing agreement with Lambda, a San Jose based cloud provider in which Nvidia is an investor. The capacity is reported to run through Hut 8's Beacon Point campus in Nueces County, Texas, a facility of six data halls totaling 352 MW of critical IT capacity, with Nvidia holding the underlying lease and Lambda installing Nvidia systems. Neither Anthropic nor Lambda has published the contract terms, and Hut 8's project bond disclosure names the tenant only as rated AA- or higher. Press coverage places Anthropic's cumulative cloud commitments announced in recent months at approximately $175 billion.
 other ~$35.0B Reported 31 August 2026 by The Wall Street Journal and Bloomberg; widely reported 1 September 2026 Beacon Point data center (TX)
Apollo + Blackstone + Broadcom + Anthropic
Apollo announced on 9 June 2026 that Apollo-managed funds and affiliates are leading an initial $35 billion capital solution under Broadcom's new AI XPV Platform, in partnership with Blackstone and global banks. The platform is designed to enable more than 20 GW of compute capacity for frontier AI labs through 2028; the initial transaction provides committed capital across a multi-year draw schedule and facilitates Anthropic's previously announced expansion of more than 1 GW of compute for training and inference starting in mid-2026. Apollo called it the largest private financing ever executed. Wells Fargo is global coordinator on the A1 tranche with BNP Paribas, Citi and UBS as joint bookrunners; Goldman Sachs, Bank of America and Morgan Stanley are placement agents on the A2 tranche. The financing funds chips and compute systems rather than a named data center site.
 debt facility ≥$35.0B Announced 9 June 2026 (Apollo release via GlobeNewswire) n.a.
Anthropic + Microsoft
Under the strategic partnerships announced 18 November 2025, Anthropic committed to purchase $30 billion of Azure compute capacity and to contract additional compute capacity up to one gigawatt, with its initial allocation running on NVIDIA Grace Blackwell and Vera Rubin systems.
 other $30.0B Announced 18 November 2025 n.a.
TeraWulf + Anthropic
TeraWulf signed a 20-year data center lease with Anthropic for approximately 401 MW of critical IT load at its Justified Data Campus in Hawesville, Kentucky. Initial capacity is expected in the second half of 2027 and full capacity by early 2028. TeraWulf said the lease is expected to be supported by an investment-grade credit
 lease ≥$19.0B Announced 6 July 2026 Justified Data Campus (KY)
Anthropic + Morgan Stanley + Goldman Sachs + JPMorgan Chase + Citigroup
Bloomberg reported that Anthropic is close to finalising a $15 billion revolving credit facility ahead of its expected initial public offering. Morgan Stanley is leading, with Goldman Sachs, JPMorgan Chase and Citigroup in prominent roles; Barclays and Wells Fargo are expected to take key positions, with Bank of America, Deutsche Bank, Royal Bank of Canada, UBS, Bank of Montreal, BNP Paribas, Credit Agricole, Mizuho, MUFG, SMFG and Toronto-Dominion also in the lender group. The facility is larger than the roughly $10 billion Anthropic initially sought and well above the $2.5 billion five-year revolving line it secured previously. The four banks with the most prominent roles are also leading the IPO. A revolving facility is borrowing capacity, not drawn capital, and is not summed with deployment figures.
 debt facility ~$15.0B Reported 3 September 2026 as nearing finalisation n.a.
Nexus Data Centers + Morgan Stanley + Google + Anthropic
A Morgan Stanley-led bank group is lending about $15 billion to Nexus Data Centers for the Hubbard, Texas campus leased to Anthropic, with Google guaranteeing Anthropic's lease and power-payment obligations in exchange for a reported stake of about 20% in the project. DigitalToday, citing Cryptopolitan, reported the lenders planned to sell the debt into the bond market once funded, and Bloomberg reported Nexus may refinance the bank debt with high-yield bonds later in 2026 Eagle Point said on 19 August 2026 that its HoldCo loan completed the capital structure for the first Hubbard phase and allowed Nexus to reach final investment decision, and Bloomberg reported the $1.3 billion mezzanine piece sits within a roughly $16 billion package
 construction loan ~$15.0B Reported 30 July 2026 by the Wall Street Journal, confirmed by CNBC; plan to sell the debt into the bond market reported 4 to 5 August 2026 Nexus Data Centers Hubbard AI campus (Anthropic anchor tenant) (TX)
Akamai Technologies + Anthropic
Akamai announced a $11.6 billion, seven-year commitment from Anthropic for Akamai Cloud distributed infrastructure and software to support Anthropic's CPU workload growth. Akamai issued Anthropic a warrant for non-voting convertible Series B preferred stock equal to 7.7 million common shares (up to about 5% of outstanding common stock) at $111.33 per share; about 2% is expected to vest with this commitment and about 1% vests with each further $3 billion of purchases. The release does not say where the capacity is located.
 compute lease ≥$11.6B Announced 24 September 2026 (Form 8-K Exhibit 99.1) n.a.
NVIDIA + Anthropic
NVIDIA said it will invest up to $10 billion in Anthropic alongside Anthropic's commitment to up to one gigawatt of compute on NVIDIA Grace Blackwell and Vera Rubin systems. Recorded separately from Microsoft's investment; the two are not summed here.
 equity raise $10.0B Announced 18 November 2025 n.a.
Meta + Anthropic
Anthropic held talks to lease AI computing capacity from Meta in a potential deal worth about $10 billion, according to The New York Times. A person familiar with the matter told CNBC the talks were very preliminary. The talks followed Meta CEO Mark Zuckerberg's statement in May 2026 that Meta was considering entering the cloud computing business
 compute lease ~$10.0B Reported by The New York Times on 17 July 2026; CNBC confirmed very preliminary talks the same day n.a.
Hut 8 + Fluidstack + Anthropic
Capacity deal at Hut 8's River Bend; the source does not state the site's location.
 lease $7.0B n.a. n.a.
Amazon + Anthropic
Amazon is investing $5 billion in Anthropic with up to an additional $20 billion in the future, building on the $8 billion previously invested.
 equity raise $5.0B April 2026 n.a.
Microsoft + Anthropic
Microsoft said it will invest up to $5 billion in Anthropic alongside the Azure compute commitment announced the same day. Recorded separately from Nvidia's investment; the two are not summed here.
 equity raise $5.0B Announced 18 November 2025 n.a.
AMD + Anthropic
AMD and Anthropic announced a partnership for Anthropic to deploy up to 2 GW of AMD Instinct MI450 Series GPUs in AMD Helios rack-scale systems, with the first gigawatt beginning deployment in the first half of 2027. The deal includes a multi-year engineering collaboration using Claude to optimize AMD software, and no deployment sites were named
 hardware supply and equity $5.0B Announced 22 July 2026 n.a.
Amazon + Anthropic
Amazon's equity investment in Anthropic reached $4 billion in March 2024, comprising an initial $1.25 billion and an additional $2.75 billion.
 equity raise $4.0B initial September 2023 ('Last September'); completed March 2024 n.a.
Nexus Data Centers + Eagle Point Credit Management + Morgan Stanley + Google + Anthropic (anchor tenant) + Transition Equity Partners
Eagle Point led a $1.3 billion HoldCo loan for Nexus Data Centers' 2,900-acre campus in Hubbard, Texas, completing the first-phase capital structure and taking the project to final investment decision. The campus has its own gas-fired generation, and Anthropic is the expected anchor tenant. Nexus is backed by Transition Equity Partners
 debt facility ~$1.3B Announced 19 August 2026 Nexus Data Centers Hubbard AI campus (TX)
Anthropic + SpaceX
More than 300 MW with SpaceX, per the summary table.
 other n.a. Per summary table n.a.
Anthropic + Google
A cloud deal worth tens of billions giving Anthropic access to up to one million TPUs and more than a gigawatt of capacity in 2026.
 other n.a. October 2025 n.a.
Anthropic + Google + Broadcom
Anthropic signed a new agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity, with the vast majority of the new compute to be sited in the United States, described as a major expansion of the November 2025 $50 billion American infrastructure commitment.
 other n.a. April 2026 n.a.
Anthropic + SpaceX (xAI/Colossus fleet)
Anthropic will get access to more than 300 megawatts of compute capacity from SpaceX's xAI/Colossus fleet, and expressed interest in working with SpaceX to develop multiple gigawatts of compute capacity in space.
 lease n.a. May 2026 n.a.
Anthropic
Anthropic is in talks with investors about raising cash at a valuation of $900 billion.
 equity raise n.a. reported May 2026 n.a.
Anthropic + Macquarie Asset Management + GIC
Theseus Infrastructure, a US-focused dedicated data center platform.
 platform n.a. announced (Business Wire release dated 2026-08-09 in URL) n.a.
Anthropic + Macquarie Asset Management + GIC
GIC joined Anthropic and Macquarie Asset Management in the Theseus Infrastructure US platform, a strategic partnership to develop dedicated data center infrastructure at scale.
 platform n.a. n.a. in source n.a.
Anthropic + Macquarie Asset Management + GIC
Anthropic, Macquarie Asset Management and GIC announced a strategic partnership to develop dedicated data center infrastructure at scale, with an initial focus on the United States. Funds managed by Macquarie Asset Management will, together with GIC, own the platform and fund the majority of the equity for each project, with Anthropic leasing the facilities as anchor tenant under long-term agreements. Anthropic also committed to cover electricity price increases that consumers otherwise may face from these sites. No dollar or capacity figure was disclosed.
 platform n.a. Announced 10 August 2026 n.a.
ERock, Inc. + Anthropic
ERock executed a 470 MW equipment purchase order with Anthropic for utility-grade onsite power, extending its production commitments into 2028. ERock attributed its backlog growth primarily to demand from AI data center customers. No site was named
 equipment order n.a. Disclosed 11 August 2026 in ERock's second quarter 2026 results (Form 8-K) n.a.
The record

Sourced facts on Anthropic

  • The $50 billion own-build program with Fluidstack will create approximately 800 permanent jobs and 2,400 construction jobs, with sites coming online throughout 2026; Fluidstack was chosen for rapid delivery of gigawatts of power, with no numeric GW disclosed.
  • The April 2026 AWS expansion secures up to 5GW of new capacity, with nearly 1GW total of Trainium2 and Trainium3 capacity coming online by the end of 2026 and over one million Trainium2 chips currently in use.
  • The October 2025 Google Cloud deal, worth tens of billions, gives Anthropic access to up to one million TPUs and more than a gigawatt of capacity in 2026.
  • In April 2026 Anthropic signed a new agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity expected to come online starting in 2027, with the vast majority of the new compute sited in the United States.
  • Run-rate revenue has surpassed $30 billion, up from approximately $9 billion at the end of 2025, and Anthropic is in talks with investors about raising cash at a valuation of $900 billion.
  • Anthropic expressed interest in working with SpaceX to develop multiple gigawatts of compute capacity in space; delayed or paused capacity is n.a. in the source.
  • Anthropic's disclosed compute commitments run to at least four separate counterparties (AWS, Microsoft Azure, Nscale, and its own Fluidstack-built sites). They are distinct agreements and must not be added into a single deployment figure.
  • Under the Macquarie Asset Management and GIC partnership announced 10 August 2026, Anthropic is the anchor tenant rather than the owner: the platform is owned by MAM funds and GIC, which fund the majority of the equity for each project. No dollar figure was disclosed.
Sources

Sources for Anthropic

Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.

Frontier AI lab: one page each

Anthropic 5OpenAI (Stargate) 8xAI (now operating under SpaceX / "SpaceXAI") 5

The figure beside each provider is its count of named sites in the atlas.

Part of the North American Data Center Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice.
The SAVRN reference set

Seven references, one system

Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.

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Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue.
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