Anthropic has signed a six-year agreement to secure $10 billion in computing power from Volta Infra Holdings, a cloud startup that did not exist six months ago. The deal includes access to 133 megawatts of computing capacity from a data center in Tydal, Norway, where Bitdeer Technologies operates hydropower-fed infrastructure using Nvidia's latest Vera Rubin chips. The handover of compute resources is set to occur in two phases through March 2027. Volta has also secured 1 gigawatt of power for data centers in the near term. Bitdeer's stock rose 14 percent following the announcement. Source: thedecoder
Volta, founded in early 2026 by former Brookfield managers, has raised $300 million in venture capital, including investments from Andreessen Horowitz, Altimeter Capital, Nvidia, and Michael Dell. The startup's valuation stands at $2.4 billion, with an additional $5 billion financing pool set up to help customers cover the costs of expensive AI chips. The company's strategy includes partnerships with major tech firms like Google, Broadcom, Amazon, SpaceX, and AMD. Source: thedecoder
Critics highlight the complex interdependencies between chip suppliers and AI developers, warning that these relationships could magnify financial risks if AI demand does not meet expectations. Volta exemplifies this pattern, as Nvidia is both an investor and the supplier of the Vera Rubin chips used in its infrastructure. Source: thedecoder
