Google Secures $15B Financing for Anthropic's Texas Data Center Project
Nexus Data Centers is advancing negotiations to secure a $15 billion financing package for an AI campus in Texas, supported by Google. This strategic investment is pivotal for Anthropic, aiming to enhance its infrastructure amidst increasing AI demand and competition.
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Nexus Data Centers is in advanced talks to secure a $15 billion financing package for a data center campus in Hubbard, Texas, which will be backed by Google. The project includes a natural gas power plant with a capacity of 1.6 gigawatts.
Google will provide financial guarantees covering lease and power-payment obligations for Anthropic, which plans to equip the facility with tensor processing units co-designed with Broadcom. The financing structure comprises a $14 billion bridge loan and a revolving credit facility, with Google expected to acquire a 20% equity stake. The competition for power resources in Texas raises potential risks for both AI developers and cryptocurrency miners as demand for electricity surges.
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