Anthropic and Lambda can now terminate an August 2026 tranche worth approximately $34.9 billion from their compute capacity agreement. Lambda missed the deadline to secure a key facility lease, giving both parties termination rights covering that portion of the deal. Anthropic nevertheless says it does not currently plan to terminate the agreement. Its total commitments to Lambda amount to approximately $41.3 billion and include the Hut 8 Beacon Point data center in Nueces County, Texas, which is targeting roughly 350 MW of capacity. Fees are owed only once delivered capacity is accepted, while Anthropic also retains termination rights if Lambda misses project milestones.
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