Google to provide financial backing for multi-billion-dollar Anthropic data center in Texas
Type: Financing · Technology: Data Center · Country: United States · Capacity: 500 MW
Google is providing financial backing including construction loans for a multi-billion-dollar data center campus in Hubbard, Texas, operated by Nexus Data Centers for Anthropic. The 2,800-acre campus targets 500 MW capacity in 2026, expandable to 7.7 GW. A consortium of banks is competing to provide up to $5 billion in financing.
Analysis
Google is providing financial backing, including construction loans, for a 2,800-acre data center campus in Hubbard, Texas, operated by Nexus Data Centers for Anthropic, targeting 500 MW capacity in 2026. Google has secured 7 verified deals, including nearly 1.2 GW of carbon-free energy via PPAs with Clearway. Anthropic is an AI research and product company focused on AI safety and building AI systems that benefit humanity, developing AI models like Claude. The data center campus is expandable to 7.7 GW and a consortium of banks is competing to provide up to $5 billion in financing. The project is located in the United States, specifically in Texas.
Key points
- 2,800-acre data center campus in Hubbard, Texas
- 500 MW capacity in 2026, expandable to 7.7 GW
- Up to $5 billion in financing from a consortium of banks
- Google has secured 7 verified deals, including nearly 1.2 GW of carbon-free energy via PPAs
- Anthropic is developing AI models like Claude
Counterparties
- Google (Lender)
- Nexus Data Centers (Developer)
- Anthropic (Offtaker)