{"slug": "anthropic-inks-us-10-billion-computing-deal-with-new-cloud-startup", "title": "Anthropic inks US$10 billion computing deal with new cloud startup", "summary": "Anthropic has signed a US$10 billion, six-year deal to use a data centre managed by Nvidia-backed cloud startup Volta Infra Holdings, according to people familiar with the matter. The site in Norway offers 133 megawatts of capacity and will use Nvidia's Vera Rubin chips. The agreement, delivered in partnership with Bitcoin miner Bitdeer Technologies, marks Anthropic's latest effort to secure computing capacity amid surging demand for its AI products.", "body_md": "# Anthropic inks US$10 billion computing deal with new cloud startup\n\nThis follows agreements with Elon Musk’s SpaceX, Advanced Micro Devices and Akamai Technologies\n\nANTHROPIC has struck a US$10 billion deal for computing capacity from a months-old infrastructure startup, according to people familiar with the matter, marking the Claude maker’s latest effort to keep pace with demand for its products.\n\nThe artificial intelligence developer has signed a contract to use a data centre managed by Nvidia-backed cloud startup Volta Infra Holdings, said the people, who requested anonymity as the deal is not public.\n\nVolta said earlier on Tuesday (Aug 4) that it had secured a US$10 billion deal with an unnamed AI lab to be delivered in partnership with Bitdeer Technologies, a Bitcoin miner that operates data centres, using a site in Norway.\n\nThe agreement runs for six years, it said.\n\nVolta CEO Ricard Boada declined to name the client. Representatives for Anthropic and Bitdeer declined to comment.\n\nAnthropic has moved aggressively in recent months to [shore up its computing resources](https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/meta-anthropic-talks-potential-us10-billion-compute-lease-deal-source) as more businesses and consumers turn to its tools to streamline coding and other tasks.\n\nIt has inked computing agreements with Elon Musk’s SpaceX, Advanced Micro Devices and Akamai Technologies. The AI developer is also in discussions to lease computing power from Meta Platforms’ data centres, Bloomberg News has reported.\n\nAnthropic raised US$65 billion in a funding round earlier this year to help cover the immense cost of AI development. It’s also considering tapping the public markets for capital with a Wall Street debut as soon as this year.\n\nThe data centre site in Norway offers 133 megawatts of capacity and will be stocked with Nvidia’s newest Vera Rubin chips, Volta said.\n\nFounded in January by former executives from Brookfield Asset Management, Volta leases AI capacity and helps clients [finance deals for costly chips](https://www.businesstimes.com.sg/wealth/ai-running-borrowed-money). The startup announced on Tuesday that it raised US$300 million in venture funding, valuing it at US$2.4 billion.\n\nVolta’s partner, Bitdeer, is among a growing number of Bitcoin mining companies that are converting some of their data centres from minting the cryptocurrency to supporting AI applications as Bitcoin prices slump.\n\nBitdeer plans to convert some of its crypto sites in Texas, Tennessee and Washington state, according to a monthly operational update by the company on Jul 21.\n\nAnthropic and rival OpenAI have relied on a mix of large tech firms and newer cloud-computing startups to help build out the data centre capacity they see as necessary for developing better AI systems and supporting wider adoption.\n\nOpenAI’s Sam Altman has previously said he expects the company to spend “trillions” on physical infrastructure for AI.\n\nThe startup is currently planning a new data centre in Georgia that may cost more than US$30 billion. Nvidia is also [in discussions to help OpenAI lease](https://www.businesstimes.com.sg/startups-tech/technology/nvidia-talks-openai-guarantee-us250-billion-financing-data-centre-wsj-reports) a US$500 billion, 10-gigawatt hub that SoftBank Group is overseeing in Ohio, Bloomberg News has reported.\n\nOver the past year, a number of financing arrangements involving OpenAI and Anthropic have been criticised for being circular in nature.\n\nThese deals create an increasingly interconnected web of dependencies between technology suppliers and AI developers that risks magnifying losses if AI demand fails to live up to the lofty expectations. BLOOMBERG\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nHong Leong, GuocoLand JV sole bidder for condo plot on former Keppel Club site\n\nNvidia will soon face a chip limit, warns Huawei’s top scientist\n\nYeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart\n\nLower consent hurdle among changes proposed for en bloc sales to spur redevelopment, protect minority owners", "url": "https://wpnews.pro/news/anthropic-inks-us-10-billion-computing-deal-with-new-cloud-startup", "canonical_source": "https://www.businesstimes.com.sg/startups-tech/technology/anthropic-inks-us10-billion-computing-deal-new-cloud-startup", "published_at": "2026-08-04 12:32:12+00:00", "updated_at": "2026-08-04 19:24:34.893944+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-chips"], "entities": ["Anthropic", "Volta Infra Holdings", "Nvidia", "Bitdeer Technologies", "Ricard Boada", "Elon Musk", "Advanced Micro Devices", "Akamai Technologies"], "alternates": {"html": "https://wpnews.pro/news/anthropic-inks-us-10-billion-computing-deal-with-new-cloud-startup", "markdown": "https://wpnews.pro/news/anthropic-inks-us-10-billion-computing-deal-with-new-cloud-startup.md", "text": "https://wpnews.pro/news/anthropic-inks-us-10-billion-computing-deal-with-new-cloud-startup.txt", "jsonld": "https://wpnews.pro/news/anthropic-inks-us-10-billion-computing-deal-with-new-cloud-startup.jsonld"}}