Anthropic signs $10B deal with Nvidia-backed cloud startup Volta

Anthropic is rapidly assembling one of the largest computing footprints in the AI industry, pairing a $200 billion five-year spending commitment with Google Cloud Alphabet Inc. ↘ 0.41% alongside a newly disclosed $10 billion contract with Nvidia ↗ 2.29%-backed cloud startup Volta Infra Holdings.

The Google Cloud Commitment

The $200 billion deal, first reported by The Information in May, represents Anthropic's pledge to consume Google Cloud services and tensor processing unit capacity over five years. The figure accounts for more than 40 percent of Google's reported cloud revenue backlog, underscoring just how concentrated the search giant's AI-era cloud business has become around a single customer.tradingview+2

On the equity side, Google has committed up to $40 billion in fresh investment in Anthropic, structured as a $10 billion upfront payment at a $350 billion valuation plus contingent investments of up to $30 billion tied to performance milestones.techxplore+1

The Volta Infra Deal and Norway Data Center

Bloomberg reported on Tuesday that Anthropic has signed a $10 billion, six-year contract with Volta Infra Holdings, a months-old infrastructure startup now backed by Nvidia and Dell Technologies ↗ 4.59% at a $2.4 billion valuation. The computing capacity will be delivered through a data center in Tydal, Norway, operated by Bitdeer Technologies.bloomberg+1

Bitdeer disclosed a 16-year colocation lease with Volta worth approximately $4.7 billion in initial contracted revenue, with an extension option that could push the total to $8 billion over 24 years. The facility will run on renewable hydropower and house Nvidia's Vera Rubin chips, with delivery scheduled in two phases targeting late 2026 and early 2027. Shares of Bitdeer jumped 14 percent following the announcement.investing

A Broader Compute Buildout

These deals sit atop an already expansive infrastructure campaign. Anthropic announced a $50 billion investment in U.S. data centers with Fluidstack in late 2025, committed over $100 billion to Amazon Web Services Amazon.com, Inc. ↘ 1.45% over the coming decade, and has been in discussions with Meta Platforms ↘ 1.47% over a separate $10 billion computing lease. Separately, Apollo Global Management ↘ 0.69% and Blackstone ↗ 0.66% have finalized a $35 billion private credit package for Anthropic's chip infrastructure, with Google providing guarantees on data center lease payments.anthropic+3

The cumulative scale of these commitments — now stretching into hundreds of billions of dollars across multiple providers — reflects an AI infrastructure buildout that has no precedent in the technology industry.