Volta, a newly launched AI infrastructure company, has announced a $10bn agreement with an undisclosed AI laboratory to deliver a new data centre project in Norway.
The project will also involve Bitdeer Technologies Group and use Nvidia Vera Rubin systems, with the facility offering 133MW of capacity
The arrangement is set to run over six years. The AI laboratory has been revealed to be Anthropic as per a report in Bloomberg, citing people familiar with the matter. The European project is the first initiative in Volta’s development pipeline, which the company states now exceeds 1GW of planned near-term power capacity across North America and Europe.
The company plans to use Nvidia’s DSX platform for future sites and is targeting the deployment of multiple gigawatts of capacity by 2030. As part of its financing strategy, Volta has established an AI Infrastructure Program with Azora, an asset manager overseeing more than $20bn in assets, which will provide $5bn in funding to support Volta’s next wave of AI factory developments. Volta says this arrangement offers non-dilutive capital for large-scale projects, as well as delivering long-term contracted cash flows for institutional investors.