Anthropic has entered into a $10 billion, six-year computing contract with Volta Infra Holdings, a cloud infrastructure startup backed by Nvidia that was founded only months ago, according to people familiar with the matter. The agreement secures computing capacity for Anthropic's artificial intelligence products and represents one of the largest infrastructure commitments made by an AI developer as demand for large language model training and inference continues to accelerate.

Although the end-user was not officially named in corporate disclosures, Bloomberg identified Anthropic as the unnamed leading AI lab behind the arrangement.

The deal spans multiple infrastructure layers, connecting Volta with data center operator Bitdeer Technologies, a Bitcoin mining and data center firm that will manage the physical facility. Bitdeer's shares rose 14% following the announcement. The arrangement reflects a broader trend of cryptocurrency mining companies repurposing their power-intensive infrastructure and grid connections for AI and high-performance computing workloads, with firms such as Core Scientific and Hut 8 pursuing similar transitions to capture surging demand from AI developers.

Bitdeer disclosed a 16-year colocation lease with Volta valued at approximately $4.7 billion in initial contracted revenue. An eight-year extension option could bring the total contract value to $8 billion over 24 years. The agreement guarantees a purpose-built facility powered entirely by renewable hydropower. Financial obligations are backed by a $1.3 billion credit backstop expected to be arranged by J.P. Morgan and another major global financial institution.

Separately, Volta announced it had raised $300 million in venture funding at a $2.4 billion valuation.

Facility Design, Hardware, and Deployment Timeline

The data center will be situated in Tydal, Norway, and is expected to become one of the country's largest and most efficient AI facilities upon completion. It will provide 133 megawatts of gross capacity supporting a 121-megawatt IT load dedicated entirely to Anthropic. Norway's abundant hydropower generation and cold climate have long made it an attractive location for energy-intensive computing, with the Tydal site leveraging both advantages.

Hardware will be supplied by Dell Technologies, and the facility will be equipped with Nvidia's newest Vera Rubin chips. Delivery is planned in two equal phases, with target commencement dates of December 31, 2026, and March 31, 2027.

Strategic Context

The project highlights the intensifying competition among AI labs to secure dedicated computing resources as training and inference requirements for advanced models grow. Anthropic has relied primarily on Amazon Web Services and Google Cloud—both investors in the company—for compute capacity, making this agreement a significant expansion beyond its existing hyperscaler relationships into purpose-built, directly controlled infrastructure.

Through this vertically structured arrangement spanning real estate, hardware procurement, and cloud services, Anthropic aims to ensure supply continuity for its Claude product line while diversifying its infrastructure footprint into Northern Europe's renewable energy grid.

The structure also reflects growing investor and regulatory expectations that large-scale AI infrastructure be supported by sustainable power sources and robust financial guarantees, indicating that the competition for sovereign-scale compute is extending beyond traditional cloud providers to specialized infrastructure ventures.