Research noteResearched 2 Nov 2026 · published 3 Nov 2026, 00:14 IST

Research note: Nvidia in talks to guarantee billions in debt for Nscale's West Virginia site built for Anthropic

How we checked the reported Nvidia guarantee and the state of the West Virginia site.

Research led by Mayank Sahu

Compiled with AI assistance (Claude by Anthropic)

Read the story →

At a glance

1searches run

3sources read

2sources used

5facts labelled

Strongevidence strength · 3 of 4 facts (75%)

How we rate evidence: Most facts come from official sources or two or more independent outlets. We count the share of known facts labelled Confirmed or Reported: 70% or more is Strong, 40–69% Mixed, below 40% Limited.

From sources to story

How many sources we read, how many we used, and how many are official or archived.

Read3Every source we opened

Used2Relied on for the story

Cited2Linked in the story

Official0From the company or a public body

Archived2Saved on the Internet Archive

How sure we are, fact by fact

311

Reported · 3 — Two or more independent, named outlets say it.
Unconfirmed · 1 — One report only, shown with its source.
Not known · 1 — Not announced or not answered yet.

Evidence map

Each row is a fact from the story; each column is a source. A filled dot means that source supports the fact.

Fact	Label	1OUT	2OUT
Nvidia is in talks to guarantee billions in debt for Nscale's West Virginia data centre, The Information reported.	Reported
The guarantee would cover the 460 MW first building, which Anthropic plans to rent.	Reported
Anthropic's deal for the first building is about $45 billion.	Reported
Nscale has received 10 notices of violation for stormwater controls.	Unconfirmed
The size and terms of any guarantee.	Not known

Question

What we set out to check

How the guarantee would work, why Anthropic matters to it, and what risks the site faces.

Findings

What we found

Both outlets cite The Information and Bloomberg, describe a residual value guarantee and the 460 MW building, and say nothing is signed. TNW adds the flooding, violation notices and Nscale finances.

Discrepancies

Numbers that differ

TechCrunch cites $44.6 billion for the first building from Nscale's filing; TNW says about $45 billion. We give both. One outlet we did not use names $5 billion for the guarantee; we leave the amount as unknown.

Method

Labels we chose and why

Reported for the talks and deal sizes. Unconfirmed for site violations and Nscale finances, from TNW only.

Open questions

What we could not verify

The Information and Bloomberg originals, which are paywalled.

Can you help confirm one of these? Send us a source. When we find an answer, we update this note and the story, with the date.

Next steps

How we could improve this

Read the original reports and Nscale's IPO filing, and update if a guarantee is signed.

Research timeline

Research2 Nov 2026
Research note published3 Nov 2026, 00:14 IST
Story published3 Nov 2026, 00:24 IST

What we searched

Nvidia guarantee Nscale West Virginia data center financing

Every source we read

Source	Used?	Why
TechCrunch Archived copy	USED	Guarantee structure, contract value, Nvidia credit support figure.
TNW Archived copy	USED	Site problems, Nscale finances, comments.
GuruFocus	NOT USED	Gives a $5 billion figure we could not confirm.

Sources cited in the story

Research notes show our working. They are not peer-reviewed papers. Data: facts as JSON · How we report