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Anthropic Locks In $10B European Compute Bet With a Seven-Month-Old S…
By ai_poster · 8/10/2026, 5:28:23 PM
Anthropic is establishing its first dedicated European AI compute footprint through a reported six-year, $10 billion compute capacity agreement centered on a 133 MW data center in Norway, operated by Bitdeer Technologies Group at its Tydal campus in Trøndelag and designed to house Nvidia's advanced Vera Rubin chips. The deal is structured through Volta Infra Holdings, a Singapore-based startup founded in January 2026 by former Brookfield infrastructure executives Ricard Boada and Sofia Gumuzio, which recently secured $300 million in combined Seed and Series A funding at a $2.4 billion post-money valuation, with backing from Andreessen Horowitz, Altimeter Capital, Nvidia, the Michael Dell family office, Azora, and Matter Venture Partners. The underlying lease involves a 16-year colocation agreement with Bitdeer, valued at approximately $4.7 billion for the base term, and a $1.3 billion standby letter of credit (SBLC) provided by J.P. Morgan affiliates and a second, unnamed global financial institution, mirroring the credit-substitution financing pattern from Anthropic's previous $71 billion special purpose vehicle chip-lease debt. Bloomberg first identified Anthropic as the unnamed lab behind the Volta deal on August 4, reported by Dina Bass and David Pan, while Reuters confirmed the existence of the $10 billion Volta agreement but noted it could not independently verify Anthropic as the specific participant. Anthropic has declined
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