Anthropic is reportedly close to a second $45 billion compute deal with the same data center company, which would put its total with Nscale near $90 billion

Bloomberg reports the $NVIDIA(NVDA.US) backed AI cloud firm is in talks to sell Anthropic about $45B of computing power for a second building at its Monarch campus in West Virginia. A deal could come as soon as the coming days

It would land less than two months after the first one. On Aug 25, Anthropic signed agreements with Nscale worth up to about $44.6B for the first Monarch building, roughly 460 MW of $NVIDIA(NVDA.US) Vera Rubin systems over six years, per Nscale's IPO filing

The second building is also said to deliver 460 MW of compute

That would make Anthropic a bigger Nscale customer than $Microsoft(MSFT.US), which has signed up for as much as $43.8B through 2033. Both $Microsoft(MSFT.US) and $Alphabet(GOOGL.US) looked at the first Monarch building before it went to Anthropic, per Semafor

Anthropic has also lined up about $50B with Fluidstack and $45B with $SpaceX(SPCX.US) for compute in recent months, per Semafor

The catch is in the fine print. Nscale's filing says it hasn't secured binding financing for the Anthropic buildout yet, and missed delivery dates let Anthropic walk away from a tranche

Anthropic is buying compute like a hyperscaler before it's even public. Every one of these deals ends up as $NVIDIA(NVDA.US) racks, but stacking another $45B on a neocloud that hasn't financed the first building yet is exactly the kind of AI circularity that has credit markets pricing record default risk across the trade

Source: StockMarket.News