Anthropic has agreed to pay $10 billion over six years for computing capacity from Volta Infra Holdings, an AI infrastructure startup that introduced itself publicly only this week, Bloomberg reported on August 4, citing people familiar with the matter.
Volta’s own announcement, released the same day, does not name its customer — it refers only to “an AI Lab.” Anthropic declined to comment on the report, and Volta has not confirmed the counterparty either; Bloomberg’s identification remains the only public attribution so far.
What the deal covers
Under the agreement, Volta will supply 133 megawatts of capacity from a data center in Tydal, Norway, running on Nvidia’s next-generation Vera Rubin chips and powered entirely by hydroelectricity. The site will be built and operated by Bitdeer Technologies, a company that started out mining Bitcoin before pivoting into AI hosting. Capacity is due to arrive in two phases, with the full buildout complete by March 2027.
A brand-new public face, a months-old company
Volta was founded in January 2026 by former Brookfield Asset Management executives but waited until August 4 to introduce itself, pairing its launch with funding news: a seed round and Series A totaling $300 million that value the company at $2.4 billion. Backers include Nvidia, Andreessen Horowitz, Altimeter Capital and Michael Dell’s family office.
Volta also unveiled a separate $5 billion financing partnership with asset manager Azora to fund future data center builds — a structure that echoes the special-purpose financing vehicles that have become common as AI labs look for ways to fund infrastructure without loading debt onto their own balance sheets.
“Compute has become a new infrastructure asset class, with AI models and applications as the verticals built on top,” Volta CEO Ricard Boada said in the announcement.
Part of a broader compute scramble
If confirmed, the Volta deal would be the latest in a string of infrastructure commitments Anthropic has made this year as it races to keep up with Claude’s growth, following arrangements involving Google, Amazon, SpaceX and AMD. Nvidia itself has taken a similar approach for rivals, including a proposed $250 billion guarantee for OpenAI’s Ohio data center.