Investing.com — has signed a $35 billion cloud-computing agreement with Lambda, a cloud provider backed by Nvidia (), the Wall Street Journal reported, citing people familiar with the matter.
, a bitcoin miner and data-center developer, is developing the data center in Nueces County, Texas. Nvidia signed an agreement with Hut 8 several weeks ago to secure the capacity, the report said.
Lambda will use the data center that Hut 8 is developing to install chips purchased from Nvidia, which is also an investor in Lambda. The amount Lambda will pay Nvidia to access the data-center space was not immediately clear.
Anthropic has been working to sign cloud-capacity deals after encountering a supply shortage earlier this year that occurred as its products gained traction. The AI developer signed a $45 billion deal earlier this month with Nscale, another Nvidia-backed cloud provider, Bloomberg reported in August.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.