Cloud startup Volta claims $10B AI lab deal for Norway bit barn
Anthropic said to be the client wanting to secure rent-a-GPU company's compute resources
An AI cloud startup, Volta, has announced a significant deal with a notable AI lab to establish a major AI facility in Norway. Backed by industry giants Nvidia and Michael Dell, Volta aims to create a vertically integrated AI infrastructure business that finances, builds, and operates AI factories. The company recently raised $300 million in seed and Series A rounds, positioning itself as a rent-a-GPU "neocloud" operation, similar to Nscale and CoreWeave, but with a unique approach.
Volta has secured a $10 billion strategic partnership with an unnamed AI lab, believed to be Anthropic, to develop a 133 MW facility located in Norway. This partnership will utilize Nvidia's Vera Rubin systems, and the site is set to be constructed by Bitdeer, a cryptocurrency miner and GPU cloud operator. Volta's broader development plans include sites exceeding 1 GW of capacity across North America and Europe, built using Nvidia's DSX reference architecture and software tooling.
The company claims to be the world's first fully vertically integrated AI infrastructure platform, covering infrastructure finance, datacenters, compute, software, and operations under one roof. Volta's founder and CEO, Ricard Boada, envisions creating a utility for compute that functions as seamlessly and transparently as electricity, while being priced accordingly.
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