# Nvidia Holds the Lease on Anthropic’s Reported $35B Texas Block

Times of AI Desk · 2026-09-01 · Work

[https://timesof.ai/2026/09/anthropic-lambda-35b-hut8-nvidia](https://timesof.ai/2026/09/anthropic-lambda-35b-hut8-nvidia)

> Bloomberg and DCD report 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.

**Corrected October 14, 2026:** Described Nvidia as holding the lease (per The Wall Street Journal, via DCD), not as landlord; corrected DCD's attribution to the WSJ; removed an unverified $19.6 billion figure and timestamp; turned an internal reference into a link.

Nvidia now holds the lease, not just supplies the chips, on Anthropic’s reported Texas block. Watch for an on-the-record confirm — and whether **$35B + $45B** in two weeks is one book or two campuses.

**Bloomberg** and **DCD / The Wall Street Journal** 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**. **Not** the **Nscale $45B** lease.

## Reported terms

| Item | Bloomberg / DCD Sep 1 |
|------|------------------------|
| **Value** | **~$35B** |
| **Power** | **~350 MW** |
| **Lease holder** | **Nvidia** (per WSJ, via DCD) |
| **Operator** | **Lambda** |
| **Site** | Hut 8 **Beacon Point**, TX |

Wire-reported; Anthropic declined comment.

## Sources

- [Bloomberg: Anthropic seals $35 billion cloud deal with Nvidia-backed Lambda](https://www.bloomberg.com/news/articles/2026-08-31/anthropic-seals-35-billion-cloud-deal-with-nvidia-backed-lambda)
- [DCD: Anthropic signs $35bn cloud agreement with Lambda](https://www.datacenterdynamics.com/en/news/anthropic-signs-35bn-cloud-agreement-with-lambda-report/)
- Times of AI: [Anthropic–Nscale $45B West Virginia lease](https://timesof.ai/2026/08/anthropic-nscale-45-billion-west-virginia) (August 26)