Wire · technology
Anthropic Adds IREN to $530B Data-Center Lease Scramble
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Fusion42 · 11 October 2026 · Fusion42 review
Anthropic has signed a previously undisclosed multiyear cloud deal with Australian miner IREN, accelerating its data-center capacity buildout which is part of a broader $530 billion lease race. This expansion relies heavily on grid-connected assets from current and former bitcoin miners to rapidly activate large power capacities, potentially generating over $1.3 billion in monthly revenue by bringing sites online early.
This Wire brief sits within Fusion42's coverage of AI Infrastructure.
◆ ◆ The Wire takeaway
You have an open door to scale cloud capacity faster by partnering with former crypto miners holding rare grid assets. Anthropic's aggressive data-centre build shows rapid activation deals can unlock substantial monthly revenue and supply certainty.
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1 source · 11 Oct 2026
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