Alphabet (GOOG) Stock: Google Backs Anthropic’s Massive $5B Texas AI Data Hub

Key Highlights Google is providing construction financing for a massive Texas data center currently under lease to Anthropic Nexus Data Centers’ project exceeds $5 billion, with construction loans nearing completion within weeks The sprawling 2,800-acre complex will initially provide approximately 500 megawatts by Q4 2026, with plans to scale up to roughly 7.7 gigawatts Independent gas turbines connected to local pipelines will power operations, minimizing reliance on public utilities Google’s robust financial standing is anticipated to attract bank financing at more favorable terms According to recent reports, Google is preparing to extend construction loans to Nexus Data Centers for their ambitious $5 billion-plus data center development in Texas, a facility that Anthropic has already secured through a lease agreement. $GOOGL is nearing a multibillion-dollar deal to finance a Texas data center leased to Anthropic. The project, via Nexus Data Centers, aims for 500MW by 2026, using direct gas supplies to bypass grid delays. #AI #Google #Anthropic pic.twitter.com/SAdgigzcnR — Stock News (@StockNewsob7b) March 27, 2026 The Financial Times initially broke the story, referencing sources familiar with the arrangement. Finalization of these loans is anticipated within the next several weeks. While Alphabet, Google’s parent entity, won’t directly construct the infrastructure, the company is serving as the financial underwriter. Its excellent creditworthiness is expected to facilitate additional banking partnerships with more competitive interest rates. Alphabet Inc., GOOGL Multiple banking institutions are currently vying to finance the initial construction phase, with funding targeted for mid-2025. The computing facility spans an impressive 2,800 acres and aims to provide roughly 500 megawatts of processing capacity by the conclusion of 2026. In the longer term, expansion plans envision the site reaching approximately 7.7 gigawatts — representing significant infrastruc...