Anthropic cloud deals hit $35B with Nvidia-backed Lambda in Texas push
Anthropic has reportedly agreed to a $35 billion cloud computing deal with Lambda, a cloud provider backed by Nvidia, according to a Wall Street Journal report confirmed by Reuters through a person familiar with the matter. Neither Anthropic nor Lambda has officially announced the agreement, and the exact terms remain undisclosed. Still, the reported deal fits a much larger pattern: Anthropic cloud deals have been piling up all year, with the AI company locking in tens of billions of dollars in future computing capacity from a growing list of partners.
Key takeaways
- Anthropic has reportedly signed a $35 billion cloud deal with Nvidia-backed Lambda, though neither company has confirmed the agreement publicly.
- Lambda leases a Texas data center built by Hut 8, while Nvidia separately arranged capacity with Hut 8 and supplies the chips Lambda deploys there.
- Anthropic has also committed $45 billion over six years to Nscale, more than $100 billion to Amazon’s AWS over a decade, and $9.1 billion over 20 years to bitcoin miner Riot Platforms.
- Former crypto-mining sites in Texas, run by companies like Hut 8 and Riot, are increasingly being converted into AI data centers thanks to cheap land, dedicated power grids, and fast permitting.
- These massive contracts are future obligations, not costs Anthropic has already paid, and depend on the company’s revenue growing to match its spending pace.
Anthropic’s Major Cloud Deals and Infrastructure Commitments
Anthropic’s push for computing power now spans a web of multibillion-dollar agreements with cloud providers, chipmakers, and even former crypto miners. The Lambda deal, if confirmed, would be one of the larger single commitments in that portfolio, but it’s far from the only one.
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