Nvidia discusses billions‑dollar credit guarantees for Nscale’s Anthropic data‑center

Nvidia is in talks to back Nscale’s debt with credit guarantees worth billions of dollars to fund a 460 MW data centre in West Virginia that will serve Anthropic’s $45 billion compute contract. Nscale, which filed for a $30 billion IPO, already counts Nvidia among its investors and chip suppliers. No agreement has been signed and the size of the guarantee has not been disclosed.

If the guarantees are provided, Nvidia could assume contingent credit risk tied to a pre‑IPO, highly leveraged cloud provider, which may affect its off‑balance‑sheet exposure. The support could also lower borrowing costs for Nscale, potentially accelerating the build‑out of Anthropic‑linked capacity.

  • 1Nvidia is discussing credit guarantees worth billions of dollars for Nscale’s debt.
  • 2The guarantees would back financing for a 460 MW data centre in West Virginia.
  • 3Anthropic has a compute contract valued at about $45 billion that will use the data centre.
  • 4Nscale filed for a U.S. IPO in September targeting a valuation of about $30 billion.
  • 5Nvidia is already an investor in Nscale.
  • 6Nvidia’s prior credit guarantees total $108.5 billion, including $105 billion for SB Energy and $3.5 billion for AI cloud partners.
  • The exact size of the credit guarantee has not been disclosed.
  • It is unclear whether Nvidia would guarantee the entire loan or only a portion.

Sources