Nvidia discusses providing multi‑billion credit guarantees for Nscale’s Anthropic data center project

Nvidia is reported to be negotiating a credit‑guarantee agreement with Nscale for the company’s Monarch Compute Campus in West Virginia, built for Anthropic. The backstop could exceed $5 billion and would cover power and construction costs of the first 460 MW data‑center building. Nscale, which acquired the 2,250‑acre site in March 2026, is preparing for an IPO after raising $3.36 billion in private funding. The project’s first phase aims for 2 GW capacity and is expected online in the first half of 2028.

The guarantee would allow Nscale to secure debt for the build‑out, improving its financing prospects ahead of the IPO (the company filing in September 2026). Nvidia would assume additional credit exposure, potentially affecting its balance‑sheet risk profile.

Sources