Anthropic, Nscale in talks for new $45 billion AI cloud computing deal, Bloomberg News reports
FILE PHOTO: Anthropic's logo appears in this illustration created on May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
20 Oct 2026 03:37AM (Updated: 20 Oct 2026 04:44AM)
Oct 19 : Nvidia-backed Nscale is in talks to sell computing power to Anthropic, the company behind Claude, in a new deal that could be worth about $45 billion, Bloomberg News reported on Monday. The report cited people who know about the talks.
According to the report, the data center developer wants to make another major deal with the AI company. The deal would involve building a second facility at Nscale's Monarch data center campus in West Virginia.
In August, Anthropic agreed to spend $45 billion to rent AI cloud computing power from Nscale's data center campus in West Virginia. The report said a second building at Monarch would provide 460 megawatts of computing power using Nvidia's advanced Vera Rubin AI chips.
Nscale and Anthropic did not immediately respond to requests for comment. Reuters could not independently confirm the report.
Anthropic also has the right to be offered the deal first if Nscale moves ahead with its planned third building at Monarch, the report said. Talks are still ongoing, and details of the plan could change.
Bloomberg News also reported that a group of investors had urged Anthropic to lower its target valuation for an initial public offering (IPO) after several setbacks in the AI market.
Investors are taking a closer look at companies that are increasingly borrowing money to expand their AI infrastructure. Last week, Nscale rival CoreWeave's shares fell sharply amid concerns about its $50 billion debt. This helped trigger a worldwide sell-off in AI stocks.
The possible deal comes after Microsoft withdrew from an agreement to be the main customer for a major Nscale data center. Delays in connecting the center to the power supply pushed the expected supply date into the 2030s.
Nscale has grown quickly since it launched. In two and a half years, the total value of its contracted deals rose from $100 million to more than $103 billion. It competes with Nebius, Crusoe and Lambda.
According to Nscale's prospectus, Microsoft and Anthropic are expected to be its main customers in the future.