Reported Confidence: medium D · AI factory / data-centre + cloud hybrid
Volta
New (founded ~2026) European AI infrastructure company that emerged from stealth in Aug 2026 with a $10B AI-lab partnership (reported to be Anthropic) and a $5B financing program; first project 133 MW Vera Rubin in Norway with Bitdeer.
· Record collected 25 Sept 2026
Profile from NeoCloud Observatory research (snapshot 2026-09-25); every figure links to its original source.
Profile
- Headquarters
- Not yet recorded
- Founded
- 2026
- Ownership
- private
- Operating regions
- Europe
- Deployment model
- long term offtake, infrastructure development
- GPU vendors
- NVIDIA
- GPU generations
- NVIDIA Rubin
- Networking
- Not yet recorded
- Storage
- Not yet recorded
- Cooling
- Not yet recorded
- Energy strategy
- Not yet recorded
- Platform / control plane
- Bare-metal cluster management (ex-Genesis Cloud)
- Business model
- $10B lab partnership.
- Differentiation
- Not yet recorded
Capacity register
Each sourced figure with its maturity and MW type. Figures of different types are not added together.
No sourced capacity figures recorded.
Projects
| Project | Location | Status | Capacity |
|---|---|---|---|
| Volta / Bitdeer Norway AI factory (Vera Rubin) Participants: Bitdeer (partner). Source: NeoCloud Observatory research. Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program | Norway | announced | 133 MW (unspecified, announced) |
Disclosed customer contracts
| Customer | Value | Basis | Term | Date | Status & source |
|---|---|---|---|---|---|
| Undisclosed AI lab (reported: Anthropic) | $10.0B | Total contract value | — | 4 Aug 2026 | signed Bloomberg identified Anthropic (unnamed sources); Reuters could not verify. Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program |
Financing & M&A
| Date | Type | Amount | Detail |
|---|---|---|---|
| 4 Aug 2026 | equity | — | Volta — Seed + Series A Amount not disclosed in captured sources. Investors: Azora, Andreessen Horowitz, Altimeter, NVIDIA, Matter Venture Partners Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program |
| 4 Aug 2026 | debt | $5.0B | Volta — AI infrastructure financing program (announced) Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program |
Neocloud Observatory
Evidence-scored analysis
Category D · AI Factory / Data Center + Cloud Hybrid · data quality 66.2/100 · snapshot 25 Sept 2026
Capacity by maturity (MW)
Each stage is reported separately and never added together. Announced GPUs never count as operational.
- Operational Unknown
- Under construction Unknown
- Contracted Unknown
- Secured Unknown
- Announced 133 MW
- Stated pipeline Unknown
- Company target Unknown
- GPUs operational
- Unknown
- GPUs contracted
- Unknown
- GPUs announced
- Unknown
GPU platforms: NVIDIA Vera Rubin
Financial position
- Annualised revenue
- Unknown
- Revenue growth (YoY)
- Unknown
- Backlog
- Unknown
- Disclosed contract value
- $10B
- Valuationpost money funding valuation
- $2.4B
- Equity raised (captured)
- Unknown
- Debt raised (captured)
- Unknown
- Total debt (reported)
- Unknown
- Hyperscaler credit supportnot cash raised
- Unknown
Largest disclosed customer: undisclosed-32 · 100% of disclosed contract value
Scorecard
score-v1.0 · 0–100 · scores with under 34% evidence coverage stay empty
Business Model Quality 57 evidence coverage 75%
- contracted revenue model: 80 (weight 0.4) — long-term contracted model
- model diversity: 44 (weight 0.2) — long_term_offtake, infrastructure_development
- margin: unknown (weight 0.25) — no margin data
- software upside: 15 (weight 0.15) — 1 software layers
Capital Access 65 evidence coverage 35%
- total capital raised: unknown (weight 0.3) — UNKNOWN equity+debt captured
- raised last 12m: unknown (weight 0.25) — UNKNOWN in 12m
- valuation: 46 (weight 0.2) — post_money_funding_valuation valuation $2.40B
- strategic backers: 90 (weight 0.15) — NVIDIA/AMD investor or hyperscaler credit support
- cost of debt: unknown (weight 0.1) — no rate disclosed
Competitive Moat 41 evidence coverage 50%
- physical control: unknown (weight 0.3) — power/land/DC control
- software depth: 16 (weight 0.25) — 1 software layers
- contracted lock in: 67 (weight 0.25) — backlog/contract value $10.00B
- operational reputation: unknown (weight 0.2) — not rated
Concentration Risk (higher = riskier) 96 evidence coverage 100%
- top customer share: 100 (weight 0.8) — top customer ≈100%
- few customers: 80 (weight 0.2) — 1 disclosed customers
Customer Diversification 8 evidence coverage 100%
- top customer share: 0 (weight 0.6) — top customer ≈100% of disclosed value
- distinct customers: 20 (weight 0.4) — 1 disclosed customer relationships
Customer Quality 53 evidence coverage 100%
- hyperscaler or lab: 40 (weight 0.5) — 1 disclosed customers
- contracted value: 67 (weight 0.5) — disclosed contract value $10.00B
Execution Risk (higher = riskier) 100 evidence coverage 55%
- build to operating ratio: unknown (weight 0.45) — 0 MW to build vs 0 MW operating
- soft pipeline share: 100 (weight 0.25) — 133 MW secured/announced/speculative
- organisational youth: 100 (weight 0.3) — founded 2026
Financial Durability Insufficient evidence evidence coverage 10%
- revenue scale: unknown (weight 0.3) — annualised revenue UNKNOWN (n/a)
- net margin: unknown (weight 0.2) — no margin data
- cash: unknown (weight 0.2) — cash UNKNOWN
- backlog coverage: unknown (weight 0.2) — no backlog/revenue
- public disclosure: 40 (weight 0.1) — private
Financial Risk (higher = riskier) Insufficient evidence evidence coverage 0%
- losses: unknown (weight 0.3) — no margin data
- debt to revenue: unknown (weight 0.3) — no debt/revenue data
- reliance on new capital: unknown (weight 0.25) — n/a
- revenue scale inverse: unknown (weight 0.15) — revenue UNKNOWN
Geographic Position 29 evidence coverage 100%
- countries: 18 (weight 0.6) — Norway
- sovereign positioning: 45 (weight 0.4) — no sovereign positioning
GPU Supply Position 93 evidence coverage 60%
- gpu fleet and contracted: unknown (weight 0.4) — 0 GPUs operational+contracted
- vendor relationship: 95 (weight 0.3) — NVIDIA investor/Exemplar
- latest generation: 90 (weight 0.3) — NVIDIA Vera Rubin
Growth Momentum Insufficient evidence evidence coverage 20%
- revenue growth yoy: unknown (weight 0.4) — no growth data
- capacity momentum: unknown (weight 0.25) — 0 MW contracted/under construction
- recent major events: 25 (weight 0.2) — 1 major confirmed events in 180d
- capital raised 12m: unknown (weight 0.15) — raised UNKNOWN in 12m
Infrastructure Execution 13 evidence coverage 60%
- delivered projects: 0 (weight 0.4) — 0/1 tracked projects (partially) operational
- operational share of hard mw: unknown (weight 0.4) — 0 of 0 hard MW operational
- building now: 40 (weight 0.2) — 0 under construction
Management Execution 35 evidence coverage 50%
- delivered capacity: unknown (weight 0.5) — 0 MW delivered to date
- milestones 180d: 25 (weight 0.3) — 1 confirmed major milestones (180d)
- disclosure discipline: 50 (weight 0.2) — private
Operational Capacity Insufficient evidence evidence coverage 0%
- operational mw: unknown (weight 0.65) — operational MW UNKNOWN
- operational gpus: unknown (weight 0.35) — operational GPUs UNKNOWN
Power Pipeline Quality 14 evidence coverage 80%
- weighted pipeline mw: 22 (weight 0.5) — ladder-weighted 40 MW
- hard share: 0 (weight 0.3) — 0% of stated MW is operational/under construction/contracted
- physical power control: unknown (weight 0.2) — physical-layer control 0/100
Software Platform Maturity 16 evidence coverage 50%
- software layers: 16 (weight 0.5) — bare_metal
- software control: unknown (weight 0.25) — software-layer control 0/100
- independent rating: unknown (weight 0.25) — not rated
Strategic Partnerships 63 evidence coverage 80%
- vendor equity: 95 (weight 0.4) — NVIDIA investor
- hyperscaler ties: 30 (weight 0.4) — none evidenced
- exemplar or rating: unknown (weight 0.2) — n/a
Technical Differentiation 0 evidence coverage 70%
- differentiators: 0 (weight 0.7) — no clear differentiator evidenced
- independent rating: unknown (weight 0.3) — not rated
Technical Strength Insufficient evidence evidence coverage 25%
- independent rating: unknown (weight 0.45) — not rated
- exemplar cloud: unknown (weight 0.15) — n/a
- fabric evidence: unknown (weight 0.15) — fabric UNKNOWN
- stack documentation: 24 (weight 0.25) — 2 technology layers evidenced
Vertical Integration Insufficient evidence evidence coverage 0%
- stack control: unknown (weight 1) — 0 of 12 layers evidenced; 12 UNKNOWN
Career Opportunity 39 evidence coverage 51%
- growth momentum: unknown (weight 0.2) — Growth Momentum
- capital access: 65 (weight 0.15) — Capital Access
- technical strength: unknown (weight 0.12) — Technical Strength
- software platform maturity: 16 (weight 0.12) — Software Platform Maturity
- power pipeline quality: 14 (weight 0.1) — Power Pipeline Quality
- geographic position: 29 (weight 0.06) — Geographic Position
- strategic partnerships: 63 (weight 0.08) — Strategic Partnerships
- hiring: unknown (weight 0.07) — open roles (public boards)
- inv financial risk: unknown (weight 0.1) — 100 - financial risk
Data Quality 66 evidence coverage 29%
- dq coverage: unknown (weight 0) — 0.294
- dq avg confidence: unknown (weight 0) — 0.862
- dq primary source pct: unknown (weight 0) — 1.0
- dq freshness days: unknown (weight 0) — 52
- dq conflicts: unknown (weight 0) — 0
- dq missing count: unknown (weight 0) — 12
Worth Investigating? (not investment advice) 40 evidence coverage 66%
- growth momentum: unknown (weight 0.18) — Growth Momentum
- technical differentiation: 0 (weight 0.12) — Technical Differentiation
- customer quality: 53 (weight 0.12) — Customer Quality
- power pipeline quality: 14 (weight 0.12) — Power Pipeline Quality
- capital access: 65 (weight 0.12) — Capital Access
- strategic partnerships: 63 (weight 0.1) — Strategic Partnerships
- technical strength: unknown (weight 0.08) — Technical Strength
- infrastructure execution: 13 (weight 0.08) — Infrastructure Execution
- operational capacity: unknown (weight 0.08) — Operational Capacity
- novelty bonus: 15 (weight 0.3) — company ≤3 years old
Overall Scale Potential 41 evidence coverage 75%
- power pipeline quality: 14 (weight 0.3)
- capital access: 65 (weight 0.25)
- customer quality: 53 (weight 0.2)
- operational capacity: unknown (weight 0.15)
- vertical integration: unknown (weight 0.1)
Overall Survival Probability (5y, %) 54 evidence coverage 15%
- model: unknown (weight 1) — logistic(durability, capital access, customer quality, risks)
Forecasts (rule-based, P10–P90)
| Horizon | Operational MW | Annualised revenue |
|---|---|---|
| 12 months | 7 MW (0 MW–20 MW) | Unknown |
| 24 months | 27 MW (7 MW–53 MW) | Unknown |
| 36 months | 47 MW (13 MW–80 MW) | Unknown |
| 60 months | 60 MW (20 MW–100 MW) | Unknown |
Stored in an immutable prediction ledger and scored against reported outcomes when they fall due. Predictions, not facts.
Outcome probabilities
| Outcome | 12 mo | 24 mo | 36 mo | 60 mo |
|---|---|---|---|---|
| Remain independent | 74% | 51% | 30% | 0% |
| Acquired | 11% | 21% | 30% | 42% |
| Merge | 3% | 6% | 9% | 13% |
| Fail | 12% | 22% | 32% | 45% |
| IPO | 4% | 8% | 12% | 18% |
| Acquire another company | 4% | 8% | 12% | 18% |
| Financial distress | 8% | 15% | 22% | 34% |
| Major cloud scale (≥2 GW operational or ≥$10B revenue) | 0% | 0% | 0% | 0% |
| Remain niche | 88% | 78% | 68% | 55% |
| Strategic pivot | 10% | 15% | 20% | 30% |
| Exit AI infrastructure | 1% | 2% | 3% | 5% |
Ownership outcomes (independent, acquired, merge, fail) sum to 100% at each horizon; the others are independent events.
Vertical-integration stack
- energy UNKNOWN No evidence captured (unknown)
- land UNKNOWN No evidence captured (unknown)
- data center UNKNOWN No evidence captured (unknown)
- power cooling UNKNOWN No evidence captured (unknown)
- gpu hardware UNKNOWN No evidence captured (unknown)
- network UNKNOWN No evidence captured (unknown)
- storage UNKNOWN No evidence captured (unknown)
- bare metal UNKNOWN No evidence captured (unknown)
- orchestration UNKNOWN No evidence captured (unknown)
- cloud api UNKNOWN No evidence captured (unknown)
- ai platform UNKNOWN No evidence captured (unknown)
- managed ai UNKNOWN No evidence captured (unknown)
Not yet sourced: revenue, revenue run rate, power mw.operational, power mw.contracted, gpu count, cash, total funding, employees, profile.hq country, profile.ceo, tech stack, stack control.
Timeline
-
4 Aug 2026 · equity
Volta — Seed + Series A Amount not disclosed in captured sources.
Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program -
4 Aug 2026 · debt
Volta — AI infrastructure financing program (announced)
Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program
Recent coverage
Updated 1 Nov 2026, 11:54 UTC
- 29 Oct 2026 Data Centre
UK's Volta acquires Reynolds House data center site in Manchester
Company buys former Telecity/Equinix site from Lunar Digital
DatacenterDynamics