Anthropic signed a $35 billion cloud computing agreement with Lambda for a new data center in Nueces County, Texas.
AI lab Anthropic has signed a $35 billion cloud capacity agreement with neocloud Lambda, according to a report by the Wall Street Journal citing sources familiar with the matter. The pact covers 350MW of capacity at a data center currently under development in Nueces County, Texas. Nvidia will hold the lease on the facility, per the WSJ. DCD has reached out to Lambda for comment.
The Nueces County campus, dubbed “Beacon Point,” is being developed by Hut 8, a cryptocurrency mining and high-performance computing data center developer. Spanning 525 acres near Corpus Christi, the site targets initial energization in Q1 2027, with Hut 8 aiming for a total capacity of 1GW at the location. In July 2026, Hut 8 announced it had doubled a lease with an unnamed hyperscale customer, adding 352MW to bring the cloud customer’s total committed capacity to 704MW.
Anthropic already maintains an indirect relationship with Hut 8 through its River Bend data center campus in Louisiana. That site is slated to be leased to Fluidstack, which will subsequently offer the capacity to Anthropic in a deal backed by Google. The Lambda agreement follows closely on reports that Anthropic recently signed a $45 billion capacity deal with UK-based neocloud Nscale for its upcoming West Virginia campus.
The company has been aggressively scaling its compute infrastructure, reportedly securing more than a dozen letters of intent for data center leases across multiple U.S. developers. Beyond physical space, Anthropic has committed to renting over 10GW of server capacity from cloud providers, highlighted by a $200 billion agreement with Google. Its broader portfolio of major cloud partnerships includes Akamai, Amazon Web Services—featuring a massive cluster of the provider’s custom Trainium hardware—CoreWeave, and a $50 billion partnership with AI cloud firm Fluidstack.
Since confidentially filing for an initial public offering in June, Anthropic has reportedly finalized a $19 billion agreement with TeraWulf for a Kentucky data center, discussed a major leasing arrangement with Meta, signed a $9.1 billion deal with Riot Platforms, and prepared to secure capacity from a new provider called Theseus Infrastructure. Meanwhile, Lambda itself was reported last week to be seeking up to $3 billion in funding ahead of its own planned IPO. Founded in 2012, the GPU-based cloud compute provider operates 15 data centers across the United States, according to its website.