Anthropic offers Blackstone double-digit yield in $60 billion chip financing push

What happened

It gets paid first if things go sideways, so it earns less: roughly 7%, according to the research findings. Anthropic's financing strategy highlights growing investor confidence in AI infrastructure, potentially reshaping tech investment dynamics. Anthropic is an artificial intelligence company based in San Francisco.

The post Anthropic offers Blackstone double-digit yield (the share of chips from a production run that work) in $60 billion chip financing push appeared first on Crypto Briefing . 16, 2026 Anthropic is offering Blackstone a yield above 10% to help pay for its next big batch of AI chips.

The offer sits inside a much larger negotiation: a $60 billion debt financing package reportedly known internally as “Project North Star.” Under the proposal, Blackstone would put $9 billion into the deal’s junior debt tranche.

What’s on the table The negotiations were reported on October 16-17, 2026. The financing is structured in layers, like a cake where some slices carry more risk than others.

Senior debt sits at the top of that cake. It absorbs losses before the senior lenders do, which is why Blackstone’s slice is priced at more than 10%.

The senior lenders have an additional cushion. Their portion benefits from residual-value support provided by Broadcom , a form of backstop tied to the value of the underlying hardware.