Meta Set to Host Anthropic AI Models on $10B Cloud Deal

Meta, owner of Facebook and Instagram, is in advanced negotiations to lease computing power to AI startup Anthropic. The deal could reach $10 billion over two years, with Meta hosting and serving Anthropic's Claude AI models through its own infrastructure.

This arrangement mirrors what hyperscalers like Amazon's Bedrock already offer: managed access to AI models through a cloud platform.

Meta has invested heavily in AI infrastructure, planning capital expenditures of $125 billion to $145 billion for 2026 alone. The company wants to monetize its excess compute capacity by entering the 'neocloud' space, renting out expensive GPUs as managed AI hosting environments.

This move is not unique to Meta, as Bitcoin miners like TeraWulf and CoreWeave are also pivoting to this playbook. TeraWulf signed a 20-year lease with Anthropic worth approximately $19 billion, while CoreWeave has secured major partnerships totaling $21 billion in 2026.

For crypto-adjacent companies, the implications are significant. If Bitcoin miners can credibly position themselves as AI infrastructure providers, their valuations will start reflecting cloud computing multiples rather than commodity mining multiples.