Anthropic’s Reported $35 Billion Lambda Deal Puts Nvidia on the Lease in Texas
On September 1, 2026, Bloomberg and DCD reported Anthropic signed about $35 billion of cloud with Nvidia-backed Lambda for roughly 350 MW at Hut 8’s Beacon Point campus in Nueces County, Texas, with Nvidia holding the lease. Anthropic declined comment.
TLDR
Bloomberg (first August 31, 7:54 p.m. EDT, updated September 1) and DCD / The Information said Anthropic signed ~$35 billion of cloud with Nvidia-backed Lambda for ~350 MW at Hut 8’s Beacon Point, Nueces County, Texas. Nvidia holds the lease; Lambda deploys Nvidia GPUs. Q1 2027 energization target; campus can scale toward 1 GW. Anthropic declined comment. Hut 8 July leases at the campus already 704 MW / $19.6 billion base-term. File on the US Tuesday cycle, with the Monday-night first hit noted. Not the August 26 Nscale $45B / 460 MW West Virginia lease.
Reported terms
| Item | Bloomberg / DCD Sep 1 |
|---|---|
| Value | ~$35B |
| Power | ~350 MW |
| Landlord | Nvidia on the lease |
| Operator | Lambda |
| Site | Hut 8 Beacon Point, TX |
Product-line de-dupe: not Nscale WV (Aug 26), not Theseus (Aug 10), not Fable 5.1 (same day).
Why this story matters
Nvidia is now lessor, not just chip vendor, on Anthropic’s Texas block. Watch: an on-the-record confirm, and whether $35B + $45B in two weeks is one book or two campuses.
Sources
- Bloomberg: Anthropic seals $35 billion cloud deal with Nvidia-backed Lambda
- DCD: Anthropic signs $35bn cloud agreement with Lambda
- Times of AI:
anthropic-nscale-45-billion-west-virginia(August 26)