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Anthropic in talks to lease up to 1GW data center capacity requiring $40B investment
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According to a report by The Information cited by NetEase Finance, AI company Anthropic is in preliminary discussions with Stream Data Centers, a U.S. developer majority-owned by Apollo Global Management, to lease up to 1 gigawatt of computing capacity. The data center developer stated that deploying the full 1GW would require at least $40 billion in capital investment. Anthropic would need to provide financial guarantees for the lease and separately finance chips installed in these data centers. The company has discussed becoming a direct tenant and deploying TPUs co-designed by Google and Broadcom, though Nvidia GPUs remain an option. Google may provide credit guarantees, but the scope of this support remains unclear. The talks are at an early stage, with capacity and transaction structure still under negotiation. This potential deal would extend Anthropic's strategy of moving beyond solely relying on cloud service providers for server capacity. The company has already committed over $100 billion to AWS over 10 years for up to 5GW of capacity, and has an agreement with AMD for up to 2GW of Instinct GPUs. Anthropic co-founder and Chief Compute Officer Tom Brown stated that running across diversified hardware allows the company to assign appropriate workloads to suitable hardware.
Source report
According to a report by The Information, Anthropic is exploring a potential agreement to lease up to 1 gigawatt (GW) of computing capacity from Stream Data Centers, a U.S. data center developer controlled by Apollo Global Management.
Key Details of the Proposed Deal
- Capital requirements: Deploying the full 1GW of capacity would require at least $40 billion in capital investment, according to the data center developer.
- Financial structure: Anthropic would need to provide financial guarantees for the lease and separately secure funding for the chips installed within these data centers.
- Hardware options: Anthropic has discussed becoming a direct tenant and deploying TPUs co-designed by Google and Broadcom, though Nvidia GPUs remain an alternative.
- Credit support: Google may provide credit guarantees, though the specific scope of this support remains unclear.
Negotiation Status
The discussions are still in early stages, with both capacity and transaction structure still under negotiation.
Background on Stream Data Centers
Apollo Global Management acquired a majority stake in Stream in November 2025. At the time, Apollo stated that the developer had delivered more than 20 data center campuses and held a development pipeline exceeding 4GW.
Anthropic's Broader Infrastructure Strategy
This potential lease agreement would further Anthropic's strategy of moving beyond reliance solely on cloud service providers for server capacity.
Existing Commitments
- AWS: Anthropic has committed to spending over $100 billion over 10 years to secure up to 5GW of capacity.
- AMD: The company has reached an agreement to deploy up to 2GW of Instinct GPUs.
- TeraWulf: Anthropic previously signed a 20-year lease agreement covering approximately 401MW of critical IT load in Kentucky.
Strategic Rationale
Anthropic co-founder and Chief Compute Officer Tom Brown stated: "Running across a diversified range of hardware allows us to allocate the right computing workloads to the right hardware."
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Source
网易财经Neutral / independent
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Anthropic in Early Talks to Lease 1 GW of Compute Capacity from Apollo-Backed Developer