Nvidia weighs billions in credit guarantees for Nscale’s West Virginia AI campus

The chipmaker is in non-binding talks to back debt for a data center that Anthropic has agreed to rent for approximately $45 billion Nvidia is in advanced talks to put its own credit on the line for Nscale, a UK-based AI cloud provider building a data center campus in West Virginia. The guarantees under discussion could be worth billions and are meant to help Nscale borrow the money it needs to build. Nvidia already sells the chips and already owns a piece of the company. Now it may also co-sign the loan, which makes it supplier, shareholder and something close to a guarantor all at once. What’s on the table The project is an AI data center campus aimed at a single marquee tenant: Anthropic. In August 2026, Anthropic agreed to pay approximately $45 billion to rent computing capacity from the campus’s first building, a 460-megawatt facility. That explains where the Nvidia support is expected to go. The credit backing would cover electricity and construction costs, the two expenses that tend to sink data center budgets before a single model gets trained. The hardware inside would be Nvidia’s own, including its next-generation Vera Rubin processors. So the money Nvidia helps unlock wo...