Anthropic confirmed on November 10, 2026 that it will not terminate its roughly $41.3 billion agreement with Lambda despite the provider missing a deadline to secure a lease on a Texas data center. Signed in August 2026, the deal includes a $34.9 billion component for GPU cloud services and approximately 350 MW of Nvidia capacity for Hut 8’s Beacon Point data center. Lambda’s backlog grew from roughly $15 billion in June 2026 to about $50 billion by September, with Anthropic accounting for around 70% of the total. However, stating an intention not to terminate is not the same as a contractual amendment, and the filing does not specify whether Anthropic has permanently waived that right.
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