Overview
- Multiple outlets report that Google is preparing construction loans for Nexus Data Centers’ Texas site leased to Anthropic, with final terms expected in the coming weeks.
- Banks are competing to fund the initial phase and early-stage debt already came from asset manager Eagle Point, though neither side has disclosed loan sizes or repayment terms.
- The 2,800-acre campus is slated to deliver about 500 megawatts of capacity by late 2026, with long-term plans to scale the site to roughly 7.7 gigawatts.
- Nexus intends to run on-site gas turbines tied into nearby pipelines operated by Enterprise, Energy Transfer, and Atmos to limit grid dependence and avoid peak power prices.
- The financing would deepen an existing partnership in which Anthropic uses Google Cloud’s custom TPU hardware, including a plan announced in 2025 to access up to 1 million TPUs, while a separate court ruling temporarily blocked the Pentagon from labeling Anthropic a supply-chain risk.