TLDRGoogle is reportedly backing a $15 billion financing package for an Anthropic data center in Texas.The Hubbard, Texas campus includes a natural gas plant capable of generating 1.6 gigawatts.Google could guarantee parts of Anthropic’s leases in exchange for a 20% stake in the project.Bitcoin mining companies including IREN, Hut 8 and CleanSpark saw stock gains of over 20% Thursday.Several mining firms have signed multibillion dollar AI infrastructure deals in recent weeks.A group of banks led by Morgan Stanley is discussing a $15 billion financing package for a data center campus in Hubbard, Texas. The campus is being developed by Nexus Data Centers and is linked to artificial intelligence company Anthropic.The proposed deal includes a $14 billion bridge loan and a revolving credit facility. The size of the credit facility has not been disclosed, and other lenders involved have not been named.Google has reportedly agreed to guarantee billions of dollars in lease and power payment obligations if Anthropic fails to meet them. The guarantee would cover four data center leases signed by Anthropic and related power purchase agreements.Google’s Role in the FinancingIn exchange for the guarantee, Google is expected to receive an equity stake of around 20% in the combined data center and power project. The company’s backing would apply only to the minimum amount lenders require to complete the deal.Neither Nexus nor the banks involved have announced a finished transaction. The terms remain based on reporting from people familiar with the discussions.The Texas campus will include an on-site natural gas power plant. The plant is expected to generate 1.6 gigawatts of electricity, reducing reliance on the local grid.Power availability has become one of the biggest challenges for new data centers in the United States. Building new transmission lines and power generation can take years to complete.Anthropic also plans to use processing chips co-designed by Google and Broadcom at the site. Those chips would be financed under a separate agreement with Broadcom.Bitcoin Miners Expand Into AINexus is competing for capital and tenants during a month filled with large deals involving Bitcoin mining companies. These firms are using existing power infrastructure built for mining to attract AI customers.TeraWulf signed a 20-year lease with Anthropic on July 6 worth close to $19 billion over its term. The deal covers about 401 megawatts of capacity in Kentucky.CleanSpark signed a $6.6 billion lease for a Georgia site the same month. The agreement could grow to $11.6 billion if the customer extends the contract.Hut 8 signed a second lease at its Texas campus on July 20 worth $9.8 billion. Combined with an earlier lease, the site’s total value reached $19.6 billion.IREN announced $2.8 billion in new AI cloud contracts and raised its revenue target for the year. Core Scientific separately agreed to give AMD access to up to 2.5 gigawatts of capacity.Shares of mining companies with AI ties rose sharply on July 30. IREN closed about 30.7% higher, while Hut 8 gained 22.7% and CleanSpark rose 21.1%.Core Scientific added 20.4% and TeraWulf gained 18.1% on the same day. The gains followed earlier stock jumps tied to July’s other AI leasing announcements.Alphabet shares moved lower on July 30, falling about 0.9%. The drop came as investors weighed the cost of the company’s growing AI infrastructure spending.The next step for the Nexus project is confirmation of the financing terms from Morgan Stanley and the other banks involved. Until the deal closes, the loan size, guarantee structure and Google’s equity stake remain unconfirmed.The post Google Backs $15B Anthropic Data Center as Bitcoin Miner Stocks Surge appeared first on Blockonomi.