Nexus Data Centers is preparing roughly $15 billion in financing to build an AI data center campus in Hubbard, Texas, according to a report cited by Odaily and sourced to CNBC. The site is expected to be leased by Anthropic, while Morgan Stanley will lead the related bank financing. The financing vehicle is Nexus Data Centers rather than Anthropic itself, a distinction highlighted in the report. Google is set to use its investment-grade credit rating to back Anthropic’s lease obligations and related energy agreements tied to four data center lease projects and a power purchase agreement for a 1.6GW natural gas plant. In return, Google is expected to receive about a 20% equity stake in the data center and energy project. People familiar with the deal said the structure shows how AI infrastructure development is relying more heavily on the balance sheets of large technology companies. CNBC said a similar model has also appeared in prior cooperation involving Nvidia and OpenAI, where chip or cloud giants provided credit support to help AI companies finance large-scale computing facilities.
Nexus Data Centers is preparing about $15 billion in financing to develop an AI data center campus in Hubbard, Texas, according to a CNBC report cited by Odaily. The campus is expected to be leased by Anthropic, and Morgan Stanley will lead the related bank financing.
The report said the borrower is Nexus Data Centers, not Anthropic itself. Google will use its investment-grade credit rating to guarantee Anthropic’s lease obligations and related energy agreements. Those commitments cover four data center lease projects and a power purchase agreement tied to a 1.6GW natural gas plant.
In exchange, Google is expected to receive roughly a 20% equity stake in the data center and energy project. People familiar with the matter said the deal shows that AI infrastructure buildouts are becoming more dependent on the balance sheets of large technology companies.
CNBC added that a similar structure had previously appeared in cooperation involving Nvidia and OpenAI, with chipmakers or cloud providers offering credit support to help AI companies finance large-scale computing infrastructure.
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