Anthropic PBC has agreed to spend $45 billion over six years to rent AI cloud computing power from Nscale's flagship data center development in West Virginia, according to a Bloomberg report. The deal represents one of the largest infrastructure commitments in the AI industry and is being positioned as a strategic move ahead of Anthropic's planned initial public offering.
The agreement covers the first of three buildings at Nscale's Monarch campus in West Virginia, with the full campus planned to reach 1.35 gigawatts of capacity. The commitment represents approximately 460 megawatts of power, enough to supply about 345,000 US homes at any given time. Nscale will use Nvidia Corp.'s Vera Rubin chips to meet Anthropic's computing needs, with those chips expected to begin deployment late next year.
This investment is significant as Anthropic prepares for its anticipated IPO, with the company securing capacity well ahead of competitors. Nscale, a neocloud provider specializing in AI-focused infrastructure, will develop the site with an estimated $71 billion total investment, of which $47 billion is allocated to AI chips alone.
This deal represents a major infrastructure commitment in the AI sector, highlighting the growing demand for specialized computing resources as AI models become increasingly powerful and resource-intensive. The six-year term provides Anthropic with long-term stability for its operations as it scales toward potential public market listing.
The agreement is important for London-based Nscale as it prepares for an initial public offering as soon as next month. The company is part of a group of firms called neoclouds that lease AI-focused computing power.
The commitment is over six years, and represents about 460 megawatts of power, said people familiar with the agreement. That amount of electricity is enough for about 345,000 US homes at any one time.
Update (Oct 19, 2026)
Nscale's Vera Rubin chips are expected to start coming online in late 2027, and servers at the other buildings on the Monarch campus will begin providing power in 2028, according to Bloomberg's report as carried by Yahoo Finance. The same report says Microsoft signed a letter of intent for the West Virginia site in March but walked away earlier in the summer, which allowed Anthropic to become the tenant.
The deal adds to Anthropic's other compute commitments. In November 2025, Anthropic announced a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York. SpaceX's IPO prospectus filed with the SEC says Anthropic pays SpaceX $1.25 billion per month through May 2029 for compute capacity across its Colossus and Colossus II clusters.
Sources:
- Bloomberg: Anthropic to Pay Nscale $45 Billion for AI Computing Power
- Investing.com: Anthropic agrees to $45bn cloud computing deal with Nscale
- Wall Street Engine: Anthropic plans to lease a $45B Nscale data center in West Virginia
- Yahoo Finance (Bloomberg): Anthropic agrees to $45bn cloud computing deal with Nscale
- Anthropic: Anthropic invests $50 billion in American AI infrastructure
- SEC: Space Exploration Technologies Corp. prospectus (Form 424B4)
