Coatue has a plan to buy up land for data centers, possibly for Anthropic

Coatue, the major VC and hedge fund firm, has launched a new venture called Next Frontier to acquire land near large power sources for conversion into data centers. The venture has already signed a joint venture with FluidStack, a cloud infrastructure startup that has a $50 billion deal to build data centers for Anthropic. This move is part of a broader data center construction frenzy in the US, where over 1,500 new facilities are being built, mostly in rural areas, attracting land speculation from investors ranging from Blackstone to Kevin O'Leary.