Anthropic Is Negotiating a Gigawatt of Direct Data Center Capacity

Anthropic rents compute today. It is negotiating to lease the building instead.

• The Information reported on September 22 that Anthropic is in early talks to lease up to 1 gigawatt of capacity directly from Stream Data Centers, a developer majority owned by Apollo Global Management.
• No lease is signed, and both companies declined to confirm terms.
• The facilities would likely hold tensor processing units co-designed by Broadcom and Google, with Nvidia GPUs an option.
• The talks have touched on whether Google would provide a credit guarantee. The scope is unclear.
• Developers put the build cost of 1 gigawatt at roughly $40 billion, and power delivery, not silicon, sets the timeline.

A direct lease would put Anthropic in the same grid queue as every hyperscaler, and change who carries the multi-year obligation. Read the full analysis.