Anthropic in talks for a second $45 billion compute deal with Nscale, West Virginia reservation doubles to 920 MW
Anthropic is in talks with Nscale for a second $45 billion compute agreement that would double its West Virginia reservation to 920 MW, adding another 460 MW building at the Monarch Compute Campus running Nvidia's Vera Rubin chips; Anthropic also holds a right of first refusal on the campus's expected third building. The first contract was signed in August, a six-year 460 MW lease with delivery starting at the end of 2027, averaging about $7.5 billion a year, or roughly $16.3 million per MW. Nscale's IPO filing lists the agreement with Anthropic at a value of up to about $44.6 billion, and the value of the second deal depends on whether the first Monarch building and its Vera Rubin racks can be powered on schedule by the end of 2027.
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The original article breaks down the amount, power capacity and delivery milestones of this compute lease, so readers can understand the pace of Anthropic's compute expansion and the Nscale IPO narrative.
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Anthropic is negotiating a 2nd $45B compute deal with Nscale that would double its West Virginia reservation to 920 MW.
This is for another 460 MW building at Nscale’s Monarch Compute Campus running Nvidia’s Vera Rubin chips, and Anthropic also holds a right of first refusal on the campus’s expected third building.
The first contract, signed in August, is a 6-year, 460 MW lease with delivery starting in late 2027, which averages $7.5B a year, or about $16.3M per MW.
Because Monarch’s first phase is designed for 1.35 GW across 3 buildings, Anthropic could end up holding the entire initial development.
Nscale’s IPO filing lists Anthropic agreements worth up to about $44.6B.
A second Anthropic deal would strengthen Nscale’s listing pitch, yet its value depends on Monarch energizing its first building and Vera Rubin racks on schedule in late 2027.