Anthropic has locked in $10 billion worth of computing capacity from Volta Infra Holdings, a cloud infrastructure startup founded in early 2026, in a six-year deal that underscores the AI industry's increasingly aggressive scramble for compute.
The deal, reported by Bloomberg, will draw on a data center in Tydal, Norway, where Bitcoin miner Bitdeer Technologies operates hydropower-fed infrastructure packed with Nvidia's latest Vera Rubin chips. Volta describes the capacity at 133 megawatts, with delivery in two phases through March 2027. Bitdeer's stock rose 14 percent after the announcement.
Volta was founded by former managers from asset manager Brookfield. Alongside the Anthropic deal, the company has raised $300 million in venture capital led by Andreessen Horowitz and Altimeter Capital, with Nvidia and Michael Dell also participating. That round valued the company at $2.4 billion. Volta has separately established a $5 billion financing pool to help customers cover the upfront cost of AI chips.
The deal adds to Anthropic's growing portfolio of compute agreements. The company already has capacity arrangements with Google and Broadcom, a multi-year commitment to spend on Amazon Web Services as part of Amazon's $33 billion investment, and deals with SpaceX for GPU access and AMD for chip supply.
The Volta arrangement highlights the circular dependencies forming in the AI infrastructure market. Nvidia is both an investor in Volta and the supplier of the chips the startup deploys, a pattern that has drawn attention from critics who warn that overlapping financial relationships between chip makers and AI developers could amplify losses if AI demand falls short of expectations.
The Norwegian data center also reflects a broader industry shift toward locating compute capacity in regions with abundant renewable energy, following recent EPA guidance that exempts islanded data center power plants from Clean Air Act requirements.
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