Anthropic has signed an undisclosed cloud deal with IREN, The Information reports; bringing a 245 MW site online a month early would add more than $1.3 billion in revenue
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Speed of bringing data centers online has become a matter of hundreds of millions of dollars in revenue a month for Anthropic, so it takes capacity from former miners.
According to The Information (the text is paywalled; relayed by AI Weekly and Techmeme), Anthropic has signed a previously undisclosed multiyear cloud deal with miner IREN, the latest in a series of data center leases worth roughly $530 billion that the company is racing to switch on. According to analysts' estimates in the piece, bringing 245 MW of usable capacity online one month early would add more than $1.3 billion in revenue, which, the outlet writes, is why Anthropic is pressing partners to build faster. In the outlet's account, capacity growth increasingly depends on current and former bitcoin miners such as Hut 8, TeraWulf, IREN and Nscale. According to AI Weekly, the report does not disclose the value or term of the IREN agreement.