Overview
- Nexus Data Centers is reported to be in advanced talks to raise about $15 billion for a Hubbard, Texas campus, with a banking group led by Morgan Stanley discussing a roughly $14 billion bridge loan plus a revolving credit facility.
- Reports on Thursday said Google would guarantee billions of dollars of Anthropic’s lease and power-payment obligations and is expected to take about a 20% equity stake in the combined data-center and power project.
- The campus plan includes on-site natural-gas power capacity initially in the 600 MW range with the project design aiming to scale to multi-gigawatt output and a reported 1.6 GW plant to secure continuous power without waiting for new grid lines.
- Anthropic is reported to plan use of tensor processing units co-designed by Google and Broadcom, with those chips to be financed separately through a vendor-financing deal that ties hardware supply to the project.
- The financing and Google’s participation remain unconfirmed by the companies, and the deal could intensify competition for Texas power and accelerate a trend of big tech backing private AI campuses to secure long-term compute capacity.