A $1.3bn loan will help build a Texas data centre for Anthropic
An investment firm is lending about $1.3bn to help build a giant AI data centre in Texas that will house Anthropic. It is one of the latest jumbo deals fuelling the AI boom. Eagle Point Credit Management is providing the loan, Bloomberg reported.
The loan is one slice of a much larger deal. It sits within a roughly $16bn project-finance package for the developer, Nexus Data Centers, a person familiar with the project told Bloomberg. Nexus will use the money to finish a 2,900-acre campus in Hubbard. The Texas city sits about 70 miles south of Dallas.
Anthropic will be the primary tenant, the same person said. The AI lab is racing to lock in computing power, and deals like this one give it access to a large new site without building it itself. The campus will have its own gas-fired power plant to run it. Eagle Point described...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
