“Nscale and Antropic are negotiating a 60 trillion won computing contract”

Bloomberg: “Part of data center built in West Virginia”

(Seoul = Yonhap News) Reporter Joo-ho Jeong = Bloomberg News reported on the 19th (local time) that Enscale, a British data center operator, is negotiating a contract worth about $45 billion (about 60.4 trillion won) to supply computing capacity to Antropic.

This contract covers the second building of the Monarch Data Center campus that Enscale is building in West Virginia, USA. Sources said that this building will provide 460 megawatts (MW) of computing power using Nvidia's next-generation artificial intelligence (AI) chip 'Vera Rubin'.

Microsoft was originally expected to lease part of the Monarch campus, but withdrew from the site last summer.

Antropic also has the right to pre-purchase the planned third building.

Sources said the deal could be finalized as early as a few days, but details could change and no final decision has been made.

According to the public documents submitted by Nscale last month for listing on the U.S. stock market, Antropic already has an infrastructure contract worth up to $44.6 billion (about KRW 59.9 trillion) with Nscale. This case corresponds to the second large contract.

Nscale is pursuing an initial public offering (IPO) with the goal of a corporate value of approximately $30 billion (approximately KRW 40.3 trillion).

There have been reports that Nscale is receiving demands from some investors to lower its target corporate value following Microsoft's withdrawal of its data center lease agreement in the UK.

Bloomberg reported that if an additional contract with Antropic is concluded, Nscale's IPO prospects will be strengthened.

In addition, Antropic is known to have signed contracts worth $50 billion with Fluidstack, $45 billion with SpaceX, and $10 billion with Volta Infrastructure.