Coatue Management has launched Next Frontier, a venture to acquire land near power sources for data center development, with a joint venture through FluidStack. FluidStack previously signed a $50 billion data center construction deal with Anthropic. The move reflects Coatue's strategy to generate outsized returns from the AI infrastructure boom alongside its existing stakes in Anthropic, OpenAI, and xAI.
Infrastructure
Coatue has a plan to buy up land for data centers, possibly for Anthropic
Coatue launches Next Frontier to acquire data center land and capture returns from Anthropic's $50B infrastructure expansion, betting heavily on AI compute scarcity.
Friday, May 1, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline
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infrastructure