AI lab Anthropic has signed a cloud capacity agreement with neocloud Lambda to the tune of $35 billion.

As reported by the Wall Street Journal, and citing sources familiar with the matter, the agreement pertains to 350MW of capacity at a data center under development in Nueces County, Texas.

Hut 8

DCD has contacted Lambda for comment.

Nvidia will actually hold the lease on the data center, according to WSJ.

The data center campus in Nueces is being developed by Hut 8, a crypto mining and HPC data center developer, dubbed the "Beacon Point" campus. Spanning 525 acres, the campus is located near Corpus Christi and is targeting initial energization in Q1 2027. Hut 8 is targeting a total of 1GW of capacity at the site.

In July 2026, Hut 8 said it had doubled a lease with an unnamed hyperscale customer, adding 352MW of capacity to the lease agreement, bringing the total used by the cloud customer to 704MW.

Anthropic is already indirectly a customer of Hut 8 via its River Bend data center campus. The River Bend site in Louisiana is set to be leased to Fluidstack, which in turn will offer the capacity to Anthropic. That deal is backed by Google.

Reports of Anthropic's major deal with Lambda come shortly after the AI lab was said to have signed a $45 billion capacity agreement with UK-based neocloud Nscale for its upcoming West Virginia campus.

Anthropic has been rapidly seeking to expand its compute capacity. The company reportedly has signed more than a dozen letters of intent for data center leases with multiple US developers.

Beyond data center capacity leases, the company has also turned to cloud providers for its compute capacity - having committed to renting more than 10GW of servers from cloud providers thus far, including a $200bn agreement signed with Google.

Anthropic has previously signed large cloud capacity deals with Akamai, Amazon Web Services - including a massive cluster of the cloud firm's custom Trainium hardware, CoreWeave, and a $50bn partnership with AI cloud firm Fluidstack.

Since the company confidentially filed for an initial public offering (IPO) in June, it has been reported to have signed a $19bn agreement with TeraWulf for a data center in Kentucky, discussed a major leasing deal with Meta, reportedly signed a $9.1bn agreement with Riot Platforms, and reportedly is set to take capacity from a new data center provider dubbed Theseus Infrastructure.

Last week, Lambda was reported to be looking to raise up to $3 billion ahead of plans for an Initial Public Offering (IPO). Founded in 2012 and offering GPU-based cloud compute, Lambda operates out of 15 data centers across the US, according to its website.

Anthropic signs $35bn cloud agreement with Lambda - report