Volta said the computing capacity will be delivered with Bitdeer Technologies Group at a data center in Norway. The facility is expected to provide 133 megawatts of capacity powered by NVIDIA's Vera Rubin chips.
The startup also emerged from stealth with additional funding announcements. Volta said it raised $300 million through a seed round and Series A financing, valuing the company at $2.4 billion. Investors include Azora, Andreessen Horowitz, Altimeter and NVIDIA.
Alongside the financing, Volta introduced a separate $5 billion AI infrastructure program with asset manager Azora to fund future AI data center projects. The Norway facility is the first site in what the company said is a development pipeline exceeding one gigawatt of near-term power capacity across North America and Europe.
The reported Anthropic agreement reflects the AI company's continued effort to secure additional computing resources as demand for its models grows. Anthropic has previously entered computing and infrastructure agreements with companies including SpaceX, Advanced Micro Devices, Microsoft, NVIDIA, Alphabet, Amazon.com and Micron Technology. The company is also reportedly discussing a separate arrangement to lease computing capacity from Meta's data centers.
The announcement also benefited Bitdeer, whose shares rose nearly 10% in premarket trading. The company has been shifting part of its infrastructure away from cryptocurrency mining and toward AI computing services as demand for AI data center capacity continues to expand.
This analysis is based on reporting from Yahoo Finance.
Image courtesy of International The News.
This article was generated with AI assistance and reviewed for accuracy and quality.
