Nvidia is in talks to guarantee billions of dollars in debt financing for Nscale’s planned Anthropic data center in West Virginia, The Information reported Thursday, with Bloomberg later corroborating the report. Anthropic has signed a $44.6 billion contract for the project’s first building, according to Nscale’s IPO filing. The proposed residual value guarantee (backstop covering an asset’s value after default) would require Nvidia to step in if Nscale failed to make construction payments, temporarily take over the facility, and help find a buyer and new tenant. The arrangement would support financing for electricity and construction while deepening Nvidia’s financial relationship with Nscale and helping secure a major customer for its chips. Nscale is seeking a public-market valuation of up to $35 billion despite concerns about its ability to deliver its data center plans. The first building would have 460 megawatts of capacity and is expected to use Nvidia’s next-generation Vera Rubin chips; the companies are also discussing another building valued at roughly $45 billion. Nscale had about 25,000 advanced AI chips running in August, compared with nearly 500,000 planned, while runoff from its West Virginia construction site flooded nearby homes more than once. The project received state certification in September after months of negotiations, and Microsoft withdrew from a planned Nscale site in England this month after grid power was delayed into the 2030s. Nvidia has extended roughly $170 billion in investments and credit support to neoclouds (AI computing providers without cash-rich core businesses) and large customers, including $1 billion in convertible financing for Nscale in September. Shares of CoreWeave, Nebius, and IREN had each fallen more than 30% in October as of last week, CNBC reported. The discussions come as Anthropic expands its infrastructure spending across multiple chipmakers and faces questions about financing its growth. Anthropic filed to go public this week, while Blackstone warned investors that the company may receive a below-investment-grade credit rating after its IPO, potentially raising borrowing costs and increasing its reliance on stronger partners to back its debt.