How Nvidia Became the Financial Engine Behind the AI Cloud Buildout
Inside the layered deal structure where Nvidia supplies chips, owns equity, and may now guarantee the debt for a $45 billion Anthropic computing pact all at once.
The room where the deal gets built Inside a construction site in West Virginia, workers are pushing toward a deadline that depends on money that does not yet exist. The site belongs to Nscale, a UK-based neocloud provider that signed a six-year, roughly $45 billion compute agreement with Anthropic in August 2026. The first 460-megawatt building at Nscale's Monarch Compute Campus is expected to come online in late 2027, running on Nvidia's next-generation Vera Rubin chips. A second building of the same size is...
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