Nvidia in Talks to Provide Over $5 Billion in Credit Guarantees to Back Nscale's $45 Billion Anthropic Data Center Deal

Nvidia is in talks to provide Nscale with billions of dollars in credit guarantees to help the cloud provider finance a 460-megawatt data center in West Virginia that is central to a $45 billion contract with Anthropic. The credit support, which industry estimates put at potentially exceeding $5 billion, would cover power and construction costs rather than chip purchases, making it an unusual financing role for the chipmaker.

The planned facility is expected to run on Nvidia's next-generation Vera Rubin GPUs, deepening Nvidia's stake in the project beyond a hardware supplier relationship. No agreement has been signed and terms remain subject to change, according to The Information, which first reported the talks.

The move signals a broader strategic shift for Nvidia, which is increasingly acting as a financial backstop for large-scale AI infrastructure deals in addition to supplying the chips that power them. The arrangement, if completed, would give Nvidia direct exposure to one of the largest AI compute contracts disclosed to date.