Nexus Data Centers Seeks $15 Billion for Anthropic Texas AI Data Center; Google Provides Financing Guarantee

Data center developer Nexus Data Centers is in advanced negotiations to raise approximately $15 billion for an AI data center project in Texas that will serve artificial intelligence company Anthropic. Google will provide a financing guarantee for the project and supply chips. The project, located in Hubbard, Texas, includes a gas-fired power plant capable of delivering 1.6 gigawatts of electricity. A bank group led by Morgan Stanley is discussing financing options, including a $14 billion bridge loan and revolving credit facility.

Google has agreed to provide billions of dollars in guarantees for Anthropic’s commitments in the event of non-payment of lease and power obligations. The guarantees cover four data center lease agreements signed by Anthropic and a power purchase agreement related to the on-site power plant.

Anthropic plans to deploy tensor processing unit (TPU) chips co-designed by Google and Broadcom at the data center. The chip procurement will be completed through a separate vendor financing agreement between Anthropic and Broadcom. Separately, in a portfolio sale transaction with Citadel, Situational Awareness did not sell its stake in Anthropic.