# Anthropic Says It Won’t Terminate $41.3 Billion Lambda Deal After Texas Lease Miss By John Kim Canonical URL: https://www.tokenpost.com/news/business/53930 Published: 2026-11-11T12:21:54.000Z Updated: 2026-11-11T12:21:54.000Z Section: Business > Lambda missed the deadline tied to a $34.9 billion GPU-services portion of the agreement, which gave either party a termination option. The deal is designed to provide about 350 megawatts of Nvidia GPU capacity in Texas. Anthropic said Nov. 10 it does not plan to terminate its roughly $41.3 billion compute agreement with Lambda, even though Lambda missed a deadline to secure a lease for a key Texas data center. Signed in August 2026, the agreement includes a $34.9 billion portion for GPU cloud services. That portion gave either party the option to terminate if Lambda failed to secure the lease by a set deadline. The agreement is designed to provide Anthropic with about 350 megawatts of Nvidia GPU capacity at Hut 8’s Beacon Point data center in Texas. Lambda rents access to GPUs to AI developers and is backed by Nvidia. Lambda’s backlog grew from about $15 billion in June 2026 to roughly $50 billion by September 2026. Lambda is pursuing [up to $4 billion in private financing]() ahead of a possible 2027 IPO. ## Links in this article - [up to $4 billion in private financing](https://www.tokenpost.com/news/business/27128)