Anthropic is spending $45 billion on AI computing capacity in a deal with U.K. firm Nscale
The six-year agreement gives Anthropic access to 460 megawatts of compute capacity at an Nscale data center in West Virginia
Aker ASA shares surged more than 7% following its portfolio company, Nscale, securing a $45 billion contract for artificial intelligence compute power. In a statement, Aker disclosed that Nscale had signed a deal with an undisclosed customer to supply AI compute capacity at its Monarch site in West Virginia. Nscale, a U.K.-based AI infrastructure firm specializing in data center construction and operation, is backed by prominent investors such as Nvidia, Dell, and Nokia, along with Aker.
The contract's total value amounts to approximately $45 billion, according to Aker's press release. The firm also operates a joint venture, Aker Nscale, collaborating with OpenAI on the renewable-energy-powered AI data center project, Stargate Norway. Danske Bank projected that the contract could bolster Nscale's valuation to over $25 billion, anticipating a potential IPO valuation of $33.5 billion.
The brokerage highlighted that the deal suggests a longer-term demand for AI compute capacity, while supply remains constrained.
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