Data-center developer Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic, with Alphabet’s Google offering financial guarantees and supplying chips.
Project Details
The project, located in Hubbard, Texas, includes a natural-gas-fired power plant capable of producing 1.6 gigawatts of electricity. Google has agreed to guarantee billions of dollars of Anthropic’s lease and power-payment commitments if the startup defaults.
The financing package includes a $14 billion bridge loan and a revolving credit facility. In return for its support, Google is expected to receive an equity stake of about 20% in the data-center and power project.
Anthropic plans to equip the site with tensor processing units, chips co-designed by Google and Broadcom. These chips would be funded through a separate vendor-financing agreement between Anthropic and Broadcom.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
