Nvidia discusses credit guarantees for Nscale data center

The Information reported that Nvidia was discussing billions of dollars in credit guarantees for Nscale.[1] The guarantees would support debt to develop a data center, rather than constitute a reported direct payment for the facility.[1] The Information said the center would have 460 megawatts of capacity and that Anthropic plans to use it.[1] Its headline valued the Anthropic project at $45 billion.[1] The report describes a financing discussion; the evidence does not say that guarantees have been agreed or that the facility has been completed.[1]

CNBC reported that Anthropic had already signed a roughly $45 billion cloud deal with Nscale, covering around 460 megawatts of compute capacity.[2] CNBC reported on Aug. 26, 2026, that Anthropic had reached that deal.[2] Separately, CNBC reported on Oct. 20, 2026, that Anthropic was in talks with Nscale over a second multibillion-dollar deal.[3] That proposed deal would cover another 460-megawatt data center at the same West Virginia site and could be worth around $45 billion, according to a source cited by CNBC.[3] The reports do not explicitly connect Nvidia’s guarantee discussions to either deal.[1][3]

CNBC said the earlier facility is in West Virginia and is expected to come online at the end of 2027.[2] Sources cited by CNBC said it is to provide access to Nvidia Vera Rubin chips.[2] CNBC described Nscale as a company that builds or leases data centers and sells computing capacity to hyperscalers and AI labs, and reported that Nvidia backs the company.[3] The report also noted that CoreWeave and Nebius shares had fallen 28% and 27%, respectively, over the prior month amid concerns about heavy borrowing.[3] That market context highlights why the proposed role of credit guarantees may matter to readers assessing project financing.[1][3]

The available reports do not say whether Nvidia has committed to guarantees, what conditions would apply, or how much debt they would support.[1] Nor do they specify whether the 460-megawatt project in The Information’s report is the earlier facility or the additional one CNBC says is under discussion.[1][3] CNBC also reported that Nscale said a London-wide grid issue had no impact on its other contracts.[3] That statement addresses those contracts, but the evidence does not establish further details about power supply or the status of either West Virginia project.[3]