Anthropic leases its next data centers from Macquarie and GIC instead of building them
Anthropic, Macquarie Asset Management and Singapore's GIC formed Theseus Infrastructure to build US data centers and lease them to Anthropic as anchor tenant, with the two investors owning the platform and funding most of the equity. No capital figure, no sites, and no timeline were disclosed — this is a financing structure, not a build program, keeping construction off Anthropic's balance sheet as rent ahead of a possible IPO. It follows Meta's $279bn of off-balance-sheet leases and Google's $44bn of rent guarantees, and Anthropic's pledge to cover electricity price increases for nearby communities names no auditor to verify it.
Source: thenextweb.com ↗
Anthropic pays through rent rather than capital expenditure, and keeps the capacity.
thenextweb.com
Why this matters
- → Keeps AI infrastructure off balance sheets ahead of IPO
- → Sovereign wealth funds now underwriting US AI compute capacity
- → Electricity cost guarantees lack independent audits or verification
Off-balance-sheet AI