Google is reportedly backing a proposed $15 billion financing package for an Anthropic-linked data center in Texas. A group of banks led by Morgan Stanley is discussing the financing package for Nexus Data Centers’ planned campus in Hubbard, Texas. Google has agreed to guarantee billions of dollars in lease and power-payment obligations if Anthropic defaults, in exchange for an expected equity stake of around 20% in the combined data-center and power project.
Data Center Plans
The proposed data-center campus will be paired with a natural-gas-fired power plant capable of producing 1.6 GW of electricity, allowing the project to secure a large power supply without relying entirely on additional capacity from the Texas grid.
Market Impact
Several Bitcoin mining companies have recently signed multibillion-dollar agreements, including TeraWulf, CleanSpark, and Hut 8, which have accumulated power agreements and industrial sites for Bitcoin mining before AI demand raised the potential value of those assets.
Google's Role
Google’s participation in the project would cover several parts, including chips, credit guarantees, and an expected equity position, giving the company a larger role in Anthropic’s infrastructure.
