Anthropic is locking down more AI capacity
Anthropic has signed a $10 billion computing agreement with Volta Infra Holdings, a new cloud infrastructure startup backed by Nvidia, according to Bloomberg.
The deal gives Anthropic access to a data center site in Norway managed by Volta and delivered in partnership with Bitdeer Technologies, a Bitcoin miner that operates data centers.
Volta said the six-year agreement is with an unnamed AI lab. Bloomberg reported that the customer is Anthropic, citing people familiar with the matter. Anthropic, Volta and Bitdeer declined to comment on the client’s identity.
The Norway site will use Nvidia’s next platform
The Norway data center offers 133 megawatts of capacity and will be stocked with Nvidia’s newest Vera Rubin chips, according to Volta.
That makes the deal part of a larger rush to secure compute before the next wave of AI models and enterprise products. Anthropic’s Claude models are being used for coding, workplace automation and consumer AI tools, all of which require large amounts of inference and training capacity.
Anthropic has already signed computing agreements with SpaceX, AMD and Akamai Technologies. Bloomberg has also reported that the company has been in talks to lease computing power from Meta Platforms data centers.
Volta is moving fast for a company founded in January
Volta was founded in January by former executives from Brookfield Asset Management.
The company leases AI capacity and helps customers finance large infrastructure packages, including expensive chips. Alongside the Anthropic-linked deal, Volta announced it had raised $300 million in venture funding at a $2.4 billion valuation.
The structure is straightforward: AI labs need guaranteed access to power, chips and data-center space, while infrastructure startups are racing to finance and assemble capacity before demand peaks.
Bitdeer adds another crypto-to-AI conversion story
Bitdeer’s role in the project also fits a broader industry shift.
Bitcoin miners are converting some data centers from crypto mining to AI computing as economics change. Bitdeer has said it plans to convert some crypto sites in Texas, Tennessee and Washington state for AI use.
Crypto data centers often already have power access, grid connections and operational experience running high-energy compute sites. That makes them potential candidates for AI conversion, although the technical requirements are not identical.
AI infrastructure spending keeps getting larger
Anthropic raised $65 billion earlier this year to help fund the cost of AI development, according to Bloomberg. The company is also considering a public listing as soon as this year.
The scale of the AI infrastructure race continues to climb. OpenAI CEO Sam Altman has said the company expects to spend “trillions” on physical AI infrastructure. OpenAI is reportedly planning a Georgia data center that could cost more than $30 billion, while Nvidia has been in talks to help OpenAI lease a $500 billion, 10-gigawatt hub overseen by SoftBank in Ohio.
Anthropic’s $10 billion Volta deal is smaller than those headline numbers, but it shows the same pattern. AI companies are not waiting for compute capacity to become available. They are signing long-term agreements now.
The financing web is getting more complicated
The AI buildout is becoming more interconnected.
Chipmakers, cloud startups, data-center owners, private AI labs, hyperscalers and financing partners are increasingly tied together through long-term capacity deals. Some arrangements involving OpenAI and Anthropic have drawn criticism for being circular, with suppliers, investors and customers financially linked across the same infrastructure chain.
That structure can help fund the buildout. It can also magnify risk if AI demand falls short of expectations or if capacity gets financed at prices that prove too aggressive.
Anthropic’s deal with Volta adds another major agreement to the AI infrastructure boom. The company gets more compute. Volta gets a flagship customer. Bitdeer gets another path into AI. Nvidia’s next-generation chips stay at the center of the race.
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