Coatue launches Next Frontier to buy land for data centers
Original: Coatue has a plan to buy up land for data centers, possibly for Anthropic
Why This Matters
Shows major VC firms expanding into data center real estate amid AI infrastructure demand
Venture capital firm Coatue launched Next Frontier to acquire land near power sources for data center development. The venture signed a joint venture with Fluidstack, which has a $50 billion deal to build data centers for Anthropic.
Coatue Management, a major venture capital and hedge fund, has launched Next Frontier to buy land near large power sources and convert them into data centers. The Wall Street Journal reports that Next Frontier has already signed a joint venture with Fluidstack, a cloud infrastructure startup that secured a $50 billion deal to build data centers for Anthropic. This move expands Coatue's AI investments beyond its stakes in Anthropic, OpenAI, xAI, and data center companies like DayOne and CoreWeave. The U.S. currently has 3,000 data centers with over 1,500 new ones under construction, mostly in rural areas. The data center boom has attracted various investors including Blackstone and Shark Tank's Kevin O'Leary to land speculation and financing projects.