The agreement connects Anthropic’s compute demand with Lambda’s GPU financing and Hut 8’s 1 GW Beacon Point campus in Texas.

Neocloud Lambda has reportedly secured $1 billion in private short-term debt to purchase Nvidia GPUs. As reported by Bloomberg, the company will lease the chips to Microsoft. The funding was organized by JPMorgan Chase & Co and offered to private placement investors.

Nvidia just anchored a $35 billion compute deal where it supplies the chips, backs the cloud tenant, and holds the lease on the data center, raising a question even its own CFO felt compelled to address on the earnings call.

Ben Reitzes, Melius head of research, joins 'Squawk on the Street' to discuss Anthropic signing a $35B deal with Nvidia-backed cloud provider Lambda.