Every AI compute deal, in one sourced ledger
The contracts behind AI capex: 84 deals from Jan 2023 to Nov 2026, newest first, every number linked to the filing, release or report it came from. OpenAI is the buyer in 21, Anthropic in 15, Meta in 10.
Ledger totals as of 12 Nov 2026
$2.43T headline value in 50 priced deals $1.81T signed, expanded or closed 74.5 GW stated capacity in 33 deals 84 deals, 32 unpriced
As of . Sums add each row’s headline figure as the source states it, cancelled deals excluded; plans, ceilings and annual run-rates count at face value. Capacity counts data center and compute gigawatts; power purchase agreements carry their plant size in the row note. How totals work
84 of 84 deals$2.43T stated value in 5074.5 GW stated capacity in 33
| Deal | Chips | Details | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Undisclosed US AI inference company | NAVER | NAVER's KRW 2 trillion (~$1.5B) AI compute contract with a US inference company | $1.5B1 | – | – | – | signed | ||
Value note KRW 2 trillion, about $1.5 billion (DIGITIMES). Term and capacity not disclosed; NAVER plans to grow its AI factory to 200 MW by 2028. Type cloud-capacity, inference Sources | |||||||||
| Microsoft | Oracle | Microsoft winds down its Oracle AI cloud capacity rental | n/d | – | Older-generation NVIDIA GPUs | – | cancelled | ||
Value note Value of the original 2023 deal (OCI capacity for Bing inference) was never disclosed. Date is the Bloomberg report; Microsoft declined to comment. Type cloud-capacity Sources | |||||||||
| Anthropic | Google Cloud | Anthropic's $121.3B minimum Google Cloud TPU hosting commitment | $121.3B1 | – | Google TPU | 7 | signed | ||
Value note Minimum spend of about $121.3 billion, April 2026–July 2033, with a true-up (S-1/A No. 2, 10 Nov 2026). Signed March 2026 and amended May–Oct 2026; first disclosed in the S-1 filed 26 Oct 2026. Excludes an estimated $125–150 billion for additional TPU compute in 2028–2031. Likely overlaps the April 2026 Google–Broadcom TPU announcement. Type cloud-capacity, sec-filing Sources | |||||||||
| SpaceX (SpaceXAI, formerly xAI) | Apollo Global Management (managed lessor entity) | SpaceX (xAI) ~$40B GPU finance lease with Apollo-managed lessor | $40B1 | – | GPU pods (model not disclosed) | 5 | signed | ||
Value note Expected total principal across all lease schedules. Each tranche runs about 5 to 5.25 years with quarterly rent; closing expected before year-end 2026, schedules from 1H 2027 as GPUs arrive. Type gpu-financing, sec-filing Sources | |||||||||
| Constellation Energy | Google–Constellation 20-year PPA backing 890 MW of nuclear uprates | n/d | – | – | 20 | signed | |||
Value note Contract value not disclosed; $4.3 billion+ is Constellation's planned investment. Plant size: about 890 MW of new uprate capacity across 11 units, plus a separate 15-year 2,700 MW energy agreement. Type power, nuclear, sec-filing Sources
| |||||||||
| Amazon | Constellation Energy | Amazon–Constellation 20-year, 690 MW Calvert Cliffs nuclear PPA | n/d | – | – | 20 | signed | ||
Value note Contract value not disclosed; $3 billion+ is Constellation's investment. Plant: Calvert Cliffs (~1,790 MW); 690 MW contracted including the 190 MW uprate. Constellation dates it 'September 2026'; trade press reported it in early October. Type power, nuclear, sec-filing Sources | |||||||||
| Anthropic | OnePWR Solutions | Anthropic–OnePWR $3.4B gas generators (1.7 GW) | $3.4B1 | – | – | – | signed | ||
Value note Reported value (Financial Times). Generator capacity 1.7 GW; site undisclosed. Agreed in late September 2026 (exact day not reported). Other parties Caterpillar (generator manufacturer) Type power Sources | |||||||||
| Undisclosed (likely Anthropic) | SpaceX (xAI compute) | SpaceX hosting deal worth $1.11B a month (customer undisclosed) | n/d | – | – | – | signed | ||
Value note About $1.11 billion per month from 1 Dec 2026 (~$13.3 billion annualized), per CFO Bret Johnsen at Goldman Sachs' Communacopia + Technology conference on 10 Sept 2026. Total value and term not disclosed; SpaceX says its compute deals generally allow exit on about 90 days' notice. Likely Anthropic: Anthropic's S-1 says it signed and amended several SpaceXAI agreements between May and October 2026 reaching about $3.1 billion a month once fully delivered in December 2026, the same start date, and Bloomberg reported Anthropic is SpaceX's 'Customer B' (34.5% of Q3 2026 revenue). Neither company has named the customer for this specific deal. Type cloud-capacity Sources | |||||||||
| Figure | Nscale | Figure–Nscale $3.5B compute deal (up to 100,000 Vera Rubin GPUs) | $3.5B1 | – | NVIDIA Vera Rubin | – | signed | ||
Value note Initial compute commitment; the companies intend to scale it to over $6 billion. Size of Nscale's equity investment in Figure not disclosed. Other parties NVIDIA (platform) Accelerators 100,000 × NVIDIA Vera Rubin Type neocloud, cloud-capacity, equity-for-compute Sources | |||||||||
| Anthropic | Lambda | Anthropic–Lambda compute agreements (~$41.3B) | $41.3B1 | – | NVIDIA | – | signed | ||
Value note About $41.3 billion in aggregate per Anthropic's S-1/A; the August 2026 agreement is about $34.9 billion (reported at signing as $35 billion) and either party may exit if Lambda does not secure the facility lease in time. Other parties Hut 8 (data center developer); NVIDIA (facility lessee) Type neocloud, cloud-capacity, sec-filing Sources | |||||||||
| Anthropic | Nscale | Anthropic–Nscale GPU services agreements (up to ~$44.6B) | ≠$44.6B1 | 0.461 | NVIDIA | – | signed | ||
Value note Up to approximately $44.6 billion, fees accruing only as capacity is delivered (Anthropic S-1/A); first reported by Bloomberg and CNBC as about $45 billion. Nscale must secure financing within a set period. 460 MW is from CNBC's sources. Type neocloud, cloud-capacity, sec-filing Sources | |||||||||
| OpenAI | SB Energy | NVIDIA guarantees up to $105B of OpenAI leases at SB Energy's PORTS campus (4.25 GW) | $105B1 | 4.251 | NVIDIA | 20 | signed | ||
Value note Cap on NVIDIA's guarantee exposure (NVIDIA 10-Q), phased over nine construction phases; covers defined lease and power payments, not the full site cost, and ends if OpenAI reaches a set credit rating. NVIDIA also invests $1.5 billion in SB Energy. Capacity comes online in phases from 2028. Other parties NVIDIA (guarantor); SoftBank Group; AEP Ohio Type backstop, datacenter-lease, sec-filing Sources | |||||||||
| NAVER | NVIDIA | NAVER–NVIDIA–Brookfield $10B Korean AI factory (200 MW) | $10B1 | 0.21 | NVIDIA Vera Rubin and Blackwell | – | signed | ||
Value note Total project $10 billion: Brookfield up to $9 billion as exclusive capital partner, NVIDIA $1 billion investment, NAVER funds the rest (NAVER release). The Korean release gives about 100,000 NVIDIA GPUs. Other parties Brookfield (capital partner, up to $9B) Accelerators 100,000 × NVIDIA Vera Rubin and Blackwell Type datacenter-buildout, equity-for-compute, chip-supply Sources | |||||||||
| Anthropic | AMD | Anthropic–AMD: up to 2 GW of MI450 Helios racks; AMD invests up to $5B | $20B1 | 21 | AMD Instinct MI450 (Helios) | – | signed | ||
Value note Anthropic expects to spend more than $20 billion on the initial committed tranche (S-1/A); the agreement allows a similar amount again. No fixed dollar commitment. AMD investment up to $5B. Type chip-supply, equity-for-compute, sec-filing Sources
| |||||||||
| Undisclosed AI developers | IREN | IREN signs $2.8B of new multi-year AI cloud contracts | $2.8B1 | – | – | – | signed | ||
Value note Total contract value of the new contracts. Customer prepayments cover about 45% of the GPU capex. Type neocloud, cloud-capacity, sec-filing Sources | |||||||||
| Undisclosed hyperscaler | Applied Digital | Applied Digital 210 MW, 15-year Delta Forge 2 lease with a hyperscaler | $5.2B1 | 0.211 | – | 15 | signed | ||
Value note Approximate base-term contracted revenue. Type datacenter-lease, sec-filing Sources
| |||||||||
| SpaceX (SpaceXAI, formerly xAI) | Google rents ~110,000 NVIDIA GPUs from SpaceX at $920M a month | n/d | – | NVIDIA | – | signed | |||
Value note $920 million per month from Oct 2026 through June 2029 (roughly $30 billion if it runs the full term). Google may exit or take a pro-rata cut if SpaceX misses the 30 Sept 2026 delivery date; after 31 Dec 2026 either party may end it on 90 days' notice. Accelerators 110,000 × NVIDIA Type cloud-capacity, sec-filing Sources | |||||||||
| Anthropic | SpaceX (SpaceXAI, formerly xAI) | Anthropic rents SpaceX's Colossus compute (up to $120.5B through 2029) | ≠$120.5B1 | 0.31 | NVIDIA (H100, GB200 and later) | – | expanded | ||
Value note Up to $120.5 billion across several agreements signed and amended May–Oct 2026, about $3.1 billion a month at full delivery (Anthropic S-1/A). SpaceX's June 2026 prospectus gave the May agreements as $1.25 billion a month through May 2029 for capacity across Colossus and Colossus II (~325,000 NVIDIA GPUs), about $45 billion in total per Bloomberg. Initial non-cancelable periods end Jan and Mar 2027, then 90 days' notice. Bloomberg reported Anthropic is SpaceX's 'Customer B' (34.5% of Q3 2026 revenue). Accelerators 325,000 × NVIDIA (H100, GB200 and later) Type cloud-capacity, sec-filing Sources
| |||||||||
| Anthropic | Amazon (AWS) | Anthropic commits $110B+ to AWS; Amazon invests up to $25B more | $110B1 | 51 | AWS Trainium2–Trainium4, Graviton | 10 | signed | ||
Value note Minimum spend of $110.0 billion May 2026–April 2036 with a true-up if usage falls short (Anthropic S-1/A); announced as 'over $100 billion' over ten years. Separate Amazon investment: $5B immediately at a $380B valuation plus up to $20B on milestones. Type equity-for-compute, cloud-capacity, sec-filing Sources | |||||||||
| Jane Street | CoreWeave | Jane Street–CoreWeave ~$6B AI cloud commitment | $6B1 | – | NVIDIA Vera Rubin | – | expanded | ||
Value note Approximately $6 billion cloud commitment; plus $1 billion equity purchase at $109.00 per share. Term not disclosed. Type cloud-capacity, neocloud, equity-for-compute Sources
| |||||||||
| Anthropic | CoreWeave | Anthropic–CoreWeave multi-year cloud agreement | n/d | – | – | – | signed | ||
Value note Value not disclosed by CoreWeave; Bloomberg also reported no financial details. Type neocloud, cloud-capacity, inference Sources | |||||||||
| Meta | CoreWeave | Meta–CoreWeave expanded deal (~$21B through 2032) | $21B1 | – | NVIDIA Vera Rubin | – | expanded | ||
Value note Approximately $21 billion through 20 December 2032, including exercise of an existing option under the Sept 2025 order. Order form signed 31 March 2026; announced 9 April. Type cloud-capacity, neocloud, sec-filing Sources
| |||||||||
| Anthropic | Google; Broadcom | Anthropic–Google–Broadcom multi-gigawatt TPU deal from 2027 | n/d | 3.51 | Google TPU (next generation) | – | signed | ||
Value note Not disclosed. Broadcom's 8-K (6 Apr 2026): about 3.5 GW from 2027, dependent on Anthropic's continued commercial success. Anthropic's S-1/A lists five-year Broadcom equipment leases for TPU capacity with rent of about $161.2 billion in total (all Broadcom leases, not only this deal). Type chip-supply, cloud-capacity, custom-silicon Sources
| |||||||||
| Meta | Nebius | Meta–Nebius five-year Vera Rubin deal (up to ~$27B) | $27B1 | – | NVIDIA Vera Rubin | 5 | signed | ||
Value note 'Up to approximately $27 billion': $12 billion dedicated plus up to $15 billion as a backstop for unsold capacity. Agreement signed 13 March 2026. Type neocloud, cloud-capacity, backstop, sec-filing Sources | |||||||||
| OpenAI | Amazon (AWS) | Amazon invests $50B in OpenAI; AWS deal expanded by $100B | $100B1 | 21 | AWS Trainium3, Trainium4 | 8 | expanded | ||
Value note AWS agreement expanded by $100 billion over eight years (on top of $38B). Separate Amazon equity investment of $50 billion ($15B initial + $35B conditional). Type cloud-capacity, chip-supply, equity-for-compute Sources | |||||||||
| OpenAI | NVIDIA | NVIDIA invests $30B in OpenAI's $110B round | $30B1 | – | NVIDIA Vera Rubin | – | signed | ||
Value note $30 billion equity. The round was announced at $110 billion at a $730 billion valuation and later confirmed at about $122 billion. Built In ties the deal to 3 GW of inference and 2 GW of training capacity on NVIDIA Vera Rubin. Other parties SoftBank ($30B), Amazon ($50B) Type equity-for-compute Sources | |||||||||
| Meta | AMD | Meta–AMD 6 GW GPU deal with 160M-share warrant | n/d | 61 | AMD Instinct MI450 | – | signed | ||
Value note Not disclosed. WSJ reported over $100 billion. AMD's 8-K binds only the initial 1 GW; 6 GW is what full warrant vesting requires. Warrant for 160 million shares expires Feb 2031; last tranche tied to a $600 AMD share price. Type chip-supply, equity-for-compute Sources
| |||||||||
| Meta | NVIDIA | Meta–NVIDIA multiyear deal for Blackwell, Rubin GPUs and Grace CPUs | n/d | – | NVIDIA Blackwell (GB300), Rubin, Grace, Vera; Spectrum-X | – | signed | ||
Value note Not disclosed. Analysts estimate tens of billions of dollars (Pure AI). Type chip-supply Sources | |||||||||
| NVIDIA | CoreWeave | NVIDIA invests $2B in CoreWeave; 5 GW AI factory framework | $2B1 | 51 | NVIDIA | – | completed | ||
Value note $2 billion for 22,935,780 shares at $87.20 (closed 23 Jan 2026). The 5 GW buildout depends on future agreements. Type equity-for-compute, neocloud, sec-filing Sources
| |||||||||
| OpenAI | Cerebras | OpenAI–Cerebras 750 MW inference compute (over $10B) | ≠$20B1 | 0.751 | Cerebras wafer-scale engine | – | signed | ||
Value note "More than $20 billion" per Cerebras's IPO prospectus (May 2026); first reports (Bloomberg, Reuters, Jan 2026) said more than $10 billion. Master agreement signed Dec 2025. Tranches run three or four years each, extendable to five. OpenAI holds an option on 1.25 GW more (2 GW total) by end-2030, a warrant for up to 33.4 million Cerebras shares, and lent Cerebras about $1.0 billion. Type cloud-capacity, chip-supply, inference Sources
| |||||||||
| Meta | Oracle | Meta–Oracle cloud commitment (reported ~$20B) | n/d | – | – | – | signed | ||
Value note Meta's amount is not disclosed; it sits inside a $68 billion quarterly RPO increase. About $20 billion is the figure from September 2025 reports of talks (Reuters, Bloomberg). Type cloud-capacity, sec-filing Sources | |||||||||
| HUMAIN | AMD | AMD, Cisco and HUMAIN joint venture (up to 1 GW by 2030) | n/d | 11 | AMD Instinct MI450 | – | expanded | ||
Value note No value or equity split disclosed. Phase 1 is 100 MW. In Aug 2026 the JV said MI355X systems were live and planned a 250 MW MI400-series phase from 2027. Other parties Cisco (JV partner) Type joint-venture, chip-supply, datacenter-buildout Sources
| |||||||||
| HUMAIN | NVIDIA | HUMAIN expands NVIDIA deal to up to 600,000 GPUs | n/d | – | NVIDIA GB300 and later platforms | 3 | expanded | ||
Value note No dollar value disclosed. 'Up to' 600,000 GPUs; Saudi/US split not given. Other parties AWS (up to 150,000 NVIDIA GPUs in a Riyadh AI Zone); Global AI (US data centers) Accelerators 600,000 × NVIDIA GB300 and later platforms Type chip-supply, datacenter-buildout Sources | |||||||||
| xAI | HUMAIN | xAI–HUMAIN 500 MW+ data center in Saudi Arabia | n/d | 0.51 | NVIDIA GB300 | – | announced | ||
Value note No dollar value disclosed. 500 MW+ is the flagship facility size. Other parties NVIDIA Accelerators 18,000 × NVIDIA GB300 Type datacenter-buildout, cloud-capacity Sources | |||||||||
| Anthropic | Microsoft (Azure) | Anthropic–Microsoft–NVIDIA: $30B Azure commitment, up to $15B investment | $30B1 | 11 | NVIDIA Grace Blackwell, Vera Rubin | – | expanded | ||
Value note $30 billion Azure compute purchase commitment at announcement. Investments: NVIDIA up to $10B, Microsoft up to $5B. Amended between February and November 2026 to a minimum spend of at least $47.2 billion, up to $49.2 billion, between November 2026 and June 2033, per Anthropic's S-1/A No. 2 (10 Nov 2026); Amendment No. 1 had the floor at $44.9 billion. Other parties NVIDIA (investor, up to $10B) Type cloud-capacity, equity-for-compute Sources | |||||||||
| Anthropic | Fluidstack | Anthropic $50B US data centers with Fluidstack | $50B1 | – | – | – | signed | ||
Value note $50 billion planned investment; split between Fluidstack and other parties not disclosed. Anthropic's S-1/A confirms a colocation and services agreement with Fluidstack USA I Inc. Type datacenter-buildout Sources | |||||||||
| Meta | Nebius | Meta–Nebius five-year GPU clusters (~$3B) | ≠$2.9B1 | – | – | 5 | expanded | ||
Value note Approximately $2.9 billion per Nebius Form 6-K (agreement dated 1 Nov 2025). Press and Nebius results headline: $3 billion. Type cloud-capacity, neocloud, sec-filing Sources
| |||||||||
| Amazon (AWS) | Cipher Mining | AWS–Cipher Mining $5.5B 15-year lease (300 MW) | $5.5B1 | 0.31 | – | 15 | signed | ||
Value note About $5.5 billion over 15 years. Type datacenter-lease Sources
| |||||||||
| Microsoft | IREN | Microsoft–IREN $9.7B GB300 cloud contract | $9.7B1 | 0.21 | NVIDIA GB300 | 5 | signed | ||
Value note About $9.7 billion total contract value including a 20% prepayment. Separate ~$5.8 billion Dell equipment purchase by IREN. Other parties Dell (equipment supplier, ~$5.8B) Type cloud-capacity, neocloud Sources | |||||||||
| Microsoft | Lambda | Microsoft–Lambda multibillion-dollar GPU deal | n/d | – | NVIDIA GB300 NVL72 | – | signed | ||
Value note "Multibillion-dollar"; exact value not disclosed. Type cloud-capacity, neocloud Sources | |||||||||
| OpenAI | Amazon (AWS) | OpenAI–AWS $38B seven-year compute deal | $38B1 | – | NVIDIA GB200, GB300 | 7 | expanded | ||
Value note $38 billion over seven years. Expanded by $100 billion over eight years in February 2026 (see separate record). Type cloud-capacity Sources | |||||||||
| OpenAI | Microsoft (Azure) | OpenAI–Microsoft recapitalization: $250B incremental Azure commitment | $250B1 | – | – | – | signed | ||
Value note "Incremental $250B of Azure services" per Microsoft. Term not disclosed. Type cloud-capacity, equity-for-compute Sources | |||||||||
| NextEra Energy | Google–NextEra 25-year PPA to restart Duane Arnold nuclear plant | n/d | – | – | 25 | signed | |||
Value note 0.615 GW plant (Duane Arnold Energy Center restart); Google buys its output, not delivered data center capacity. Financial terms not disclosed. Other parties CIPCO (buys remaining output; selling its stake to NextEra), Corn Belt Power Cooperative Type power, nuclear Sources
| |||||||||
| Anthropic | Google Cloud | Anthropic–Google Cloud up to 1 million TPUs | n/d | 11 | Google TPU (Ironwood) | – | expanded | ||
Value note "Worth tens of billions of dollars" per Anthropic; exact value not disclosed. Expanded in 2026: see the Google–Broadcom TPU deal and the Google Cloud hosting commitment disclosed in Anthropic's S-1. Accelerators 1,000,000 × Google TPU (Ironwood) Type cloud-capacity, chip-supply Sources | |||||||||
| Meta | Blue Owl Capital (JV) | Meta–Blue Owl $27B Hyperion data center joint venture | ≠$27B1 | – | – | – | signed | ||
Value note About $27 billion total development cost. Blue Owl funds contributed ~$7B cash; Meta received ~$3B one-time distribution. Reports differ on the debt/equity split (one cites $27B debt led by PIMCO). Other parties PIMCO (led $27B bond issue, reported) Type datacenter-lease, datacenter-financing Sources | |||||||||
| Microsoft | Nscale | Microsoft–Nscale ~200,000 NVIDIA GB300 GPUs (US and Europe) | n/d | – | NVIDIA GB300 | – | signed | ||
Value note Not disclosed by Nscale. CNBC reported the contract is worth up to $24 billion. Other parties Ionic Digital (Texas site lessor), Start Campus (Sines, ~12,600 GPUs), Aker-Nscale JV (Narvik, ~52,000 GPUs), Loughton UK (~23,000 GPUs) Accelerators 200,000 × NVIDIA GB300 Type cloud-capacity, neocloud Sources | |||||||||
| Oracle | AMD | Oracle–AMD 50,000 MI450 GPU supercluster | n/d | – | AMD Instinct MI450 | – | announced | ||
Value note Financial terms not disclosed. Accelerators 50,000 × AMD Instinct MI450 Type chip-supply, cloud-capacity Sources
| |||||||||
| OpenAI | Broadcom | OpenAI–Broadcom 10 GW custom accelerators | n/d | 101 | OpenAI-designed accelerator (Broadcom) | – | announced | ||
Value note Financial terms not disclosed. The companies signed a term sheet, not a definitive agreement. Type chip-supply, custom-silicon Sources | |||||||||
| xAI | SPV (NVIDIA GPUs) | xAI $20B GPU financing via SPV for Colossus 2 (NVIDIA-backed) | $20B1 | – | NVIDIA | 5 | announced | ||
Value note About $20 billion: ~$7.5B equity + up to $12.5B debt, per Bloomberg. Not officially confirmed by xAI. SpaceX's Q3 2026 10-Q carries $12.9 billion of debt from GPU leases with Valor-managed entities. Other parties NVIDIA (up to $2B equity); Valor Capital, Apollo, Diameter Capital (investors, per Bloomberg) Type gpu-financing, equity-for-compute Sources | |||||||||
| OpenAI | AMD | OpenAI–AMD 6 GW GPU deal with 160M-share warrant | n/d | 61 | AMD Instinct MI450 | – | signed | ||
Value note Not disclosed. AMD said it expects tens of billions of dollars in revenue. Warrant: up to 160 million AMD shares (~10% of AMD); last tranche tied to a $600 AMD share price. Type chip-supply, equity-for-compute Sources | |||||||||
| OpenAI | Samsung Electronics; SK hynix | Samsung and SK hynix join Stargate (DRAM supply LOIs) | n/d | – | HBM / DRAM | – | announced | ||
Value note Not disclosed. Letters of intent, not purchase orders. OpenAI's demand was put at up to 900,000 DRAM wafers per month. Type chip-supply, memory, stargate Sources | |||||||||
| Meta | CoreWeave | Meta–CoreWeave order (up to $14.2B through 2031) | $14.2B1 | – | – | – | expanded | ||
Value note "Up to approximately $14.2 billion through December 14, 2031" per 8-K; order signed 25 Sept 2025 under a Dec 2023 master services agreement. Type cloud-capacity, neocloud, sec-filing Sources
| |||||||||
| Fluidstack | Cipher Mining | Cipher Mining–Fluidstack 168 MW Barber Lake lease, Google backstop | $3B1 | 0.1681 | – | 10 | expanded | ||
Value note About $3 billion of contracted revenue over the initial 10-year term; two five-year extensions could add about $7 billion. 168 MW critical IT (244 MW gross). A Nov 2025 39 MW add-on brought about $830 million more, lifting the partnership to about $3.8 billion and Google's backstop to $1.73 billion. Other parties Google (backstop; warrants for ~24 million Cipher shares, ~5.4%) Type datacenter-lease, backstop, equity-for-compute Sources | |||||||||
| OpenAI | CoreWeave | OpenAI–CoreWeave expansion (up to $6.5B; $22.4B total) | $6.5B1 | – | – | – | expanded | ||
Value note Up to $6.5 billion; cumulative OpenAI contract value approximately $22.4 billion ($11.9B + $4B + $6.5B). Type cloud-capacity, neocloud Sources | |||||||||
| OpenAI | Oracle; SoftBank (SB Energy) | Stargate adds five US sites (nearly 7 GW planned) | $400B1 | 71 | – | 3 | expanded | ||
Value note "Over $400 billion" planned investment over the next three years across all Stargate sites; about $300 billion of that is the July 2025 Oracle agreement. Other parties Sites: Shackelford County TX, Doña Ana County NM, Lordstown OH, Milam County TX, Midwest site TBA Type datacenter-buildout, stargate Sources | |||||||||
| OpenAI | NVIDIA | OpenAI–NVIDIA 10 GW letter of intent (up to $100B investment) | $100B1 | 101 | NVIDIA Vera Rubin | – | announced | ||
Value note "Invest up to $100 billion" progressively per gigawatt deployed. Letter of intent, not a definitive agreement. In Feb 2026 NVIDIA instead committed $30 billion in OpenAI's funding round (see separate record). Type chip-supply, equity-for-compute Sources | |||||||||
| OpenAI | Nscale | Stargate UK (Nscale, OpenAI, NVIDIA) | n/d | – | NVIDIA | – | announced | ||
Value note No value disclosed. An offtake OpenAI 'will explore', not a firm commitment. Other parties NVIDIA Accelerators 31,000 × NVIDIA Type stargate, neocloud, cloud-capacity Sources | |||||||||
| NVIDIA | CoreWeave | NVIDIA–CoreWeave $6.3B unused-capacity order | $6.3B1 | – | NVIDIA | – | signed | ||
Value note Initial order value $6.3 billion (order dated 9 Sept 2025; 8-K report date 15 Sept 2025). Type cloud-capacity, backstop, sec-filing Sources
| |||||||||
| Microsoft | Nebius | Microsoft–Nebius GPU capacity from Vineland, NJ | $17.4B1 | – | – | 5 | signed | ||
Value note About $17.4 billion through 2031 per Nebius 6-K; up to $19.4 billion if Microsoft buys additional services or capacity. Nebius's obligations start once it confirms financing. Type cloud-capacity, neocloud Sources
| |||||||||
| Meta | Google Cloud | Meta–Google Cloud six-year deal (over $10B) | $10B1 | – | – | 6 | signed | ||
Value note "More than $10 billion" over six years, per The Information, confirmed to AFP by a source. Not disclosed by the companies. Type cloud-capacity Sources | |||||||||
| Fluidstack | TeraWulf | TeraWulf–Fluidstack 200 MW hosting, Google backstop | $3.7B1 | 0.21 | – | 10 | expanded | ||
Value note About $3.7 billion contracted revenue over initial 10-year terms; about $8.7 billion with two five-year extensions. Google backstop $1.8 billion. Expanded 18 Aug 2025 with a 160 MW CB-5 lease: ~360 MW and $6.7 billion contracted in total, Google's backstop ~$3.2 billion and stake ~14%. Other parties Google (backstop; warrants for ~41 million TeraWulf shares, ~8% pro forma) Type datacenter-lease, backstop, equity-for-compute Sources
| |||||||||
| CoreWeave | Galaxy Digital | CoreWeave takes the rest of Helios (526 MW critical IT in total) | n/d | 0.1331 | – | 15 | signed | ||
Value note Capacity shown is this final 133 MW option; the campus total is 526 MW critical IT. Galaxy expects over $1 billion average annual revenue across the three phases and puts total potential value above $30 billion with extensions. Phase III rent starts in 2028. Type datacenter-lease, neocloud, sec-filing Sources
| |||||||||
| OpenAI | Nscale | Stargate Norway (Nscale, Aker, OpenAI) in Narvik | n/d | 0.231 | NVIDIA | – | announced | ||
Value note No value disclosed. Nscale later rolled up the Aker JV, announced a Microsoft expansion at Narvik (14 Apr 2026) and raised $790 million of financing for it (11 May 2026). Nscale's 2026 releases do not name OpenAI as the Narvik offtaker. Other parties Aker ASA Accelerators 100,000 × NVIDIA Type stargate, datacenter-buildout, neocloud, joint-venture Sources | |||||||||
| OpenAI | Oracle | OpenAI–Oracle 4.5 GW Stargate capacity | ≠n/d | 4.51 | NVIDIA | – | signed | ||
Value note Not disclosed by the companies. WSJ (Sept 2025) reported $300 billion over about five years from 2027. Oracle's 30 June 2025 8-K described an unnamed contract worth more than $30 billion a year from FY28, which press reports tied to OpenAI. Other parties SoftBank (Stargate partner) Type cloud-capacity, datacenter-buildout, stargate Sources
| |||||||||
| CoreWeave | Core Scientific | CoreWeave's $9B all-stock bid for Core Scientific (rejected) | $9B1 | – | – | – | cancelled | ||
Value note About $9 billion all-stock; 0.1235 CoreWeave shares per Core Scientific share, implying $20.40 per share at announcement. Other parties Two Seas Capital (activist Core Scientific investor, opposed); ISS recommended against Type datacenter-acquisition, neocloud Sources
| |||||||||
| Undisclosed (reported as OpenAI) | Oracle | Oracle discloses cloud contract worth over $30B a year from FY2028 | ≠$30B1 | – | – | – | signed | ||
Value note "More than $30 billion in annual revenue starting in FY28" per Oracle's 8-K. Annual figure, not total contract value. Oracle did not name the customer; press reports tied it to OpenAI. Type cloud-capacity, sec-filing Sources
| |||||||||
| Amazon (AWS) | Talen Energy | Amazon–Talen 1,920 MW nuclear supply from Susquehanna | $18B1 | – | – | – | expanded | ||
Value note 1.92 GW of nuclear supply from Talen's Susquehanna plant; generation, not data center capacity. About $18 billion of expected revenue to Talen over the contract life at full quantity (Talen investor presentation, per Utility Dive). Projection, not a fixed price. Other parties PPL Electric Utilities (transmission and delivery) Type power, nuclear Sources
| |||||||||
| Meta | Constellation Energy | Meta–Constellation 20-year PPA for Clinton nuclear plant | n/d | – | – | 20 | signed | ||
Value note 1.121 GW plant (Clinton Clean Energy Center); clean-energy attributes, not delivered capacity. Financial terms not disclosed. Type power, nuclear Sources
| |||||||||
| CoreWeave | Applied Digital | Applied Digital–CoreWeave 15-year leases at Polaris Forge 1 | $7B1 | 0.251 | – | 15 | expanded | ||
Value note About $7 billion over ~15 years for the initial 250 MW. After the 150 MW option was exercised, total expected lease revenue is about $11 billion for 400 MW. Type datacenter-lease, neocloud Sources | |||||||||
| OpenAI | G42 | Stargate UAE 1 GW cluster (G42, OpenAI, Oracle, NVIDIA, Cisco, SoftBank) | n/d | 11 | NVIDIA GB300 | – | announced | ||
Value note No value disclosed. 1 GW cluster within a planned 5 GW campus; G42 said in October 2025 that the first 200 MW was progressing for 2026. Other parties Oracle (operator), NVIDIA, Cisco, SoftBank Group; built by Khazna Data Centers Type stargate, datacenter-buildout, joint-venture Sources | |||||||||
| OpenAI | CoreWeave | OpenAI–CoreWeave expansion (up to $4B) | $4B1 | – | – | 4 | expanded | ||
Value note Up to $4.0 billion through April 2029, per CoreWeave's Q1 2025 Form 10-Q (commitment as of 14 May 2025). Type cloud-capacity, neocloud Sources
| |||||||||
| HUMAIN | AMD | AMD–HUMAIN $10B collaboration (500 MW over five years) | $10B1 | 0.51 | AMD Instinct GPUs, EPYC CPUs | 5 | expanded | ||
Value note 'Up to' $10 billion invested jointly by AMD and HUMAIN; not a purchase price. Type chip-supply, datacenter-buildout Sources | |||||||||
| CoreWeave | Galaxy Digital | CoreWeave exercises 260 MW Helios Phase II option | $10.4B1 | 0.261 | – | 15 | expanded | ||
Value note Minimum contracted lease payments for Phase II per Galaxy's July 2026 note-offering deck ($675 million annual base revenue). Galaxy funded construction with $3.507 billion of 9.875% notes due 2031 (July 2026). Type datacenter-lease, neocloud, sec-filing Sources
| |||||||||
| HUMAIN | NVIDIA | HUMAIN–NVIDIA AI factories in Saudi Arabia (up to 500 MW) | n/d | 0.51 | NVIDIA GB300 | 5 | expanded | ||
Value note No dollar value disclosed. 18,000 GPUs is the first phase. Accelerators 18,000 × NVIDIA GB300 Type chip-supply, datacenter-buildout Sources
| |||||||||
| CoreWeave | Galaxy Digital | CoreWeave–Galaxy Digital 15-year, 133 MW Helios lease | n/d | 0.1331 | – | 15 | expanded | ||
Value note No total disclosed. Galaxy's Q3 2026 deck gives Phase I annual base revenue of $315 million. Two five-year extension options. Type datacenter-lease, neocloud, sec-filing Sources
| |||||||||
| OpenAI | CoreWeave | OpenAI–CoreWeave initial cloud contract (up to $11.9B) | $11.9B1 | – | – | 5 | expanded | ||
Value note Up to approximately $11.9 billion through October 2030, per CoreWeave's IPO prospectus. CoreWeave also issued OpenAI $350 million of stock (8.75 million shares at the IPO price). Type cloud-capacity, neocloud Sources | |||||||||
| OpenAI | Stargate LLC (SoftBank, OpenAI, Oracle, MGX) | Stargate Project launch (OpenAI, SoftBank, Oracle, MGX) | $500B1 | – | NVIDIA | 4 | announced | ||
Value note Planned investment of $500 billion over four years; $100 billion to be deployed immediately. A plan, not a contracted payment. Other parties Technology partners: Arm, Microsoft, NVIDIA, Oracle, OpenAI Type datacenter-buildout, joint-venture Sources
| |||||||||
| Anthropic | Amazon (AWS) | Amazon adds $4B to Anthropic; AWS becomes primary training partner | $4B1 | – | AWS Trainium2 | – | completed | ||
Value note Up to $4.0 billion of convertible notes in three tranches ($1.3B Nov 2024, $1.3B May 2025, $1.4B Nov 2025), bringing Amazon's total to $8 billion. All tranches issued per Anthropic's S-1/A. Other parties Annapurna Labs (AWS chip unit) on future Trainium generations Type equity-for-compute, chip-supply, cloud-capacity Sources | |||||||||
| Kairos Power | Google–Kairos Power 500 MW small modular reactor fleet | n/d | – | – | – | signed | |||
Value note 0.5 GW of planned small modular reactor output from seven reactors; generation bought by Google, not delivered data center capacity. Financial terms not disclosed. First project (Hermes 2, up to 50 MW, sold via TVA) announced Aug 2025. Type power, nuclear Sources | |||||||||
| Microsoft | Constellation Energy | Microsoft–Constellation 20-year PPA to restart Three Mile Island Unit 1 | n/d | – | – | 20 | signed | ||
Value note 0.835 GW plant (Crane Clean Energy Center, formerly Three Mile Island Unit 1); a 20-year purchase of its output, not delivered data center capacity. Financial terms not disclosed. Type power, nuclear Sources | |||||||||
| Microsoft | Brookfield Renewable | Microsoft–Brookfield 10.5 GW renewable energy framework | n/d | – | – | 5 | signed | ||
Value note Framework for over 10.5 GW of new generation, which Brookfield calls nearly 8x the largest single corporate PPA. No value disclosed. Type power, sec-filing Sources | |||||||||
| G42 | Microsoft | Microsoft invests $1.5B in G42 | $1.5B1 | – | – | – | completed | ||
Value note Microsoft's equity investment in G42; no Azure spend amount disclosed. Microsoft later counted it in $15.2 billion of UAE investment for 2023–2029. Type equity-for-compute, cloud-capacity Sources | |||||||||
| Anthropic | Amazon (AWS) | Amazon invests up to $4B in Anthropic; AWS becomes primary cloud | $4B1 | – | AWS Trainium, AWS Inferentia | – | completed | ||
Value note Up to $4 billion, structured as convertible promissory notes (Amazon 2023 note purchase agreement, 19 Sept 2023). Per Anthropic's S-1/A: first tranche $1.2 billion in September 2023; second tranche $3.4 billion principal in March 2024 for $2.8 billion of proceeds. Type equity-for-compute, cloud-capacity, chip-supply Sources | |||||||||
| OpenAI | Microsoft | Microsoft extends OpenAI partnership (third investment) | n/d | – | – | – | expanded | ||
Value note Microsoft described it only as a "multiyear, multibillion dollar investment". Amount not disclosed by the companies. Type equity-for-compute, cloud-capacity Sources
| |||||||||
1 opens the source for that number. ≠ marks a figure that named sources report differently; the row note gives both. n/d means the parties have not disclosed it. Download: CSV · JSON (CC BY 4.0)
Who is buying compute
All 42 companiesBuilt to be cited
MethodologyFilings first. An SEC 8-K, 10-Q or 6-K beats a company release, and a company release beats a press report. 46 rows rest on a filing; 139 sources back the ledger in total, each with the date we read it.
Conflicts stay visible. When early reports and Cerebras’s IPO prospectus give different values, the row carries the filing’s number and a note naming both. Expansions and cancellations get their own rows, so a relationship’s history reads top to bottom.
Free to reuse. The whole ledger is open data under CC BY 4.0: CSV, JSON and llms.txt. Credit “AI Compute Deals (aicomputedeals.com)” and link the row you cite.
The questions behind the headlines
How big is the OpenAI–Oracle deal?
The Stargate agreement lists 4.5 GW of additional capacity. Oracle’s filing describes $30B in annual revenue, rather than a full-contract total. The ledger note distinguishes company disclosures from press estimates.
How much compute has OpenAI committed to buy?
The ledger has 14 signed, expanded or completed rows naming OpenAI as buyer, including reported counterparties. Their stated values mix full contracts, expansions and annual run-rates, so adding them is not a measure of unique cloud commitments. Major disclosures include Azure at $250B, the original AWS commitment at $38B and the AWS expansion at $100B. Every OpenAI deal and its qualifications.
Did NVIDIA invest $100 billion in OpenAI?
The earlier partnership was a letter of intent, with investment tied to deployment milestones. The subsequent equity investment in the ledger is $30B. A proposed ceiling and an issued investment are different commitments; read the investment record and its public sources.
Where does Anthropic get its compute?
Major suppliers include Google, SpaceX, Amazon, Microsoft, Nscale, Lambda and AMD. Examples of current headline values are Google Cloud: $121.3B; SpaceX (SpaceXAI, formerly xAI): $120.5B; Amazon (AWS): $110B; Nscale: $44.6B; Lambda: $41.3B. These values carry different term, financing and cancellation conditions; every Anthropic deal includes those notes.
What is a backstop in an AI compute deal?
A guarantee that another party’s lease or capacity will be paid for, helping that party borrow against the contract. The guarantor’s maximum exposure can differ from the compute contract’s value. The backstop rows identify the guarantor, the covered obligation, the term and the public filing behind each figure.
Sources behind the counts and totals
Counts and totals use the records below with the filters and units stated in the page copy. Missing values are excluded. Follow each public source for the underlying figures and use the methodology for scope and calculation rules.
Contributing records and public sources
- Amazon adds $4B to Anthropic; AWS becomes primary training partner: Anthropic raises an additional $4B from Amazon (TechCrunch); Amazon Doubles Total Investment in Anthropic to $8 Billion (PYMNTS); Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC, 2 Nov 2026)
- Amazon invests $50B in OpenAI; AWS deal expanded by $100B: OpenAI and Amazon Announce Strategic Partnership, Amazon 8-K Ex. 99.1 (SEC, 27 Feb 2026)
- Amazon invests up to $4B in Anthropic; AWS becomes primary cloud: Amazon and Anthropic announce strategic collaboration (About Amazon); Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC, 2 Nov 2026)
- Amazon–Constellation 20-year, 690 MW Calvert Cliffs nuclear PPA: Constellation Q3 2026 earnings release, 8-K (SEC); MD: Constellation, Amazon Announce 20-Year Power Agreement (Trade & Industry Development)
- Amazon–Talen 1,920 MW nuclear supply from Susquehanna: New supply agreement expands Talen-Amazon partnership (WNN); Talen, Amazon expand Susquehanna deal (Utility Dive)
- AMD–HUMAIN $10B collaboration (500 MW over five years): AMD and HUMAIN Form Strategic, $10B Collaboration to Advance Global AI (AMD)
- AMD, Cisco and HUMAIN joint venture (up to 1 GW by 2030): AMD, Cisco and HUMAIN to Form Joint Venture (AMD); AMD, Cisco, HUMAIN Expand Saudi Arabia's AI Infrastructure (AMD)
- Anthropic $50B US data centers with Fluidstack: Anthropic invests $50 billion in American AI infrastructure (Anthropic); Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC, 2 Nov 2026)
- Anthropic commits $110B+ to AWS; Amazon invests up to $25B more: Amazon investing up to $25 billion more in Anthropic (Quartz via Yahoo Finance); Anthropic, PBC Form S-1/A, Amendment No. 2 (SEC, 10 Nov 2026)
- Anthropic rents SpaceX's Colossus compute (up to $120.5B through 2029): Higher limits and new compute with SpaceX (Anthropic); SpaceX final IPO prospectus, Form 424B4 (SEC, 12 Jun 2026); Anthropic to Pay SpaceX Nearly $45 Billion for Computing Deal (Bloomberg Law); Anthropic, PBC Form S-1/A, Amendment No. 2 (SEC, 10 Nov 2026); Anthropic accounts for over a third of SpaceX revenue in Q3, Bloomberg reports (Investing.com)
- Anthropic–AMD: up to 2 GW of MI450 Helios racks; AMD invests up to $5B: Anthropic to deploy up to 2GW of AMD GPUs (SiliconANGLE); Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC, 2 Nov 2026)
- Anthropic–CoreWeave multi-year cloud agreement: CoreWeave Announces Multi-Year Agreement With Anthropic (CoreWeave)
- Anthropic–Google Cloud up to 1 million TPUs: Expanding our use of Google Cloud TPUs and Services (Anthropic)
- Anthropic–Google–Broadcom multi-gigawatt TPU deal from 2027: Anthropic expands partnership with Google and Broadcom (Anthropic); Broadcom Form 8-K (SEC, 6 Apr 2026); Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC, 2 Nov 2026)
- Anthropic–Lambda compute agreements (~$41.3B): Anthropic, PBC Form S-1/A, Amendment No. 2 (SEC, 10 Nov 2026); Anthropic and Lambda Sign $35 Billion Compute Agreement (Winzheng)
- Anthropic–Microsoft–NVIDIA: $30B Azure commitment, up to $15B investment: Microsoft, NVIDIA and Anthropic announce strategic partnerships (Anthropic); Anthropic, PBC Form S-1/A, Amendment No. 2 (SEC, 10 Nov 2026)
- Anthropic–Nscale GPU services agreements (up to ~$44.6B): Anthropic strikes US$45 billion AI compute deal with Nscale: Reports (W.Media); Anthropic, PBC Form S-1/A, Amendment No. 2 (SEC, 10 Nov 2026)
- Anthropic–OnePWR $3.4B gas generators (1.7 GW): Anthropic strikes $3.4B generator deal to secure data center power: FT (Seeking Alpha); Anthropic Buys $3.4bn In Gas Generators For Data Centres (Dataconomy)
- Anthropic's $121.3B minimum Google Cloud TPU hosting commitment: Anthropic, PBC Form S-1/A, Amendment No. 2 (SEC, 10 Nov 2026)
- Applied Digital 210 MW, 15-year Delta Forge 2 lease with a hyperscaler: Applied Digital fiscal Q1 2027 earnings release, 8-K (SEC)
- Applied Digital–CoreWeave 15-year leases at Polaris Forge 1: CoreWeave signs megalease at Applied Digital (The Register); Applied Digital fiscal Q4 2025 results, 8-K Ex. 99 (SEC, 30 Jul 2025)
- AWS–Cipher Mining $5.5B 15-year lease (300 MW): Cipher Mining Q3 2025 results, 8-K Ex. 99 (SEC, 3 Nov 2025); Cipher Mining announces $5.5B 15-year lease with AWS (TheFly)
- Cipher Mining–Fluidstack 168 MW Barber Lake lease, Google backstop: Cipher Mining Signs 168 MW, 10-Year AI Hosting Agreement with Fluidstack, 8-K Ex. 99.1 (SEC); Cipher Mining 39 MW Fluidstack add-on, 8-K Ex. 99.1 (SEC, 20 Nov 2025)
- CoreWeave exercises 260 MW Helios Phase II option: Galaxy Q1 2025 results, 8-K (SEC); Galaxy Helios Data Centers II investor presentation, July 2026, 8-K (SEC)
- CoreWeave takes the rest of Helios (526 MW critical IT in total): Galaxy Q2 2025 results, 8-K (SEC); Galaxy Q3 2026 overview, 8-K (SEC)
- CoreWeave–Galaxy Digital 15-year, 133 MW Helios lease: Galaxy Q1 2025 results, 8-K (SEC); Galaxy Q3 2026 overview, 8-K (SEC)
- CoreWeave's $9B all-stock bid for Core Scientific (rejected): Core Scientific shareholders dismiss $9B CoreWeave deal (SiliconANGLE); CoreWeave's acquisition of Core Scientific fails (Yahoo Finance); CoreWeave to acquire Core Scientific, 8-K Ex. 99.1 (SEC, 7 Jul 2025); CoreWeave Form 8-K on merger termination (SEC, 30 Oct 2025)
- Figure–Nscale $3.5B compute deal (up to 100,000 Vera Rubin GPUs): Nscale and Figure Sign Strategic Partnership to Power the Next Generation of Physical AI (Nscale); Nscale and Figure sign strategic partnership (TelecomTV)
- Google rents ~110,000 NVIDIA GPUs from SpaceX at $920M a month: SpaceX free writing prospectus on the Google Cloud Service Agreement (SEC, 5 Jun 2026); SpaceX Says a Mystery AI Customer Adds $1.11 Billion a Month (Yahoo Finance)
- Google–Constellation 20-year PPA backing 890 MW of nuclear uprates: Google, Constellation reach 11-unit uprate plan (ANS Nuclear News); Constellation Q3 2026 earnings release, 8-K (SEC)
- Google–Kairos Power 500 MW small modular reactor fleet: Google and Kairos Power team up for SMR deployments (World Nuclear News); Google signs world-first deal to buy power from SMRs (NucNet); Google, Kairos Power, TVA announce collaboration (World Nuclear News)
- Google–NextEra 25-year PPA to restart Duane Arnold nuclear plant: Google Has Deal with NextEra to Restart Duane Arnold (POWER)
- HUMAIN expands NVIDIA deal to up to 600,000 GPUs: HUMAIN Expands Strategic Partnership with NVIDIA (PR Newswire); Elon Musk's xAI will be first customer for Nvidia-backed data center in Saudi Arabia (CNBC)
- HUMAIN–NVIDIA AI factories in Saudi Arabia (up to 500 MW): HUMAIN and NVIDIA Announce Strategic Partnership (NVIDIA)
- IREN signs $2.8B of new multi-year AI cloud contracts: IREN Signs $2.8bn in New Customer Contracts with Leading AI Developers, 8-K Ex. 99.1 (SEC)
- Jane Street–CoreWeave ~$6B AI cloud commitment: CoreWeave and Jane Street press release, 8-K Ex. 99.1 (SEC)
- Meta–AMD 6 GW GPU deal with 160M-share warrant: Meta and AMD Announce New AI Infrastructure Deal (Built In); Meta signs major AI infrastructure deal with AMD (Notebookcheck); AMD Form 8-K (SEC, 24 Feb 2026)
- Meta–Blue Owl $27B Hyperion data center joint venture: Meta and Blue Owl Capital to develop Hyperion data center (Meta Newsroom); Meta Pushes Its Largest Data Center Project Off Its Books (Bisnow)
- Meta–Constellation 20-year PPA for Clinton nuclear plant: Constellation, Meta sign 20-year Clinton deal (APPA); Meta Signs 20 Year Power Deal with Constellation (Neutron Bytes)
- Meta–CoreWeave expanded deal (~$21B through 2032): CoreWeave press release, 8-K Ex. 99.1 (SEC); CoreWeave Q1 2026 results (SEC)
- Meta–CoreWeave order (up to $14.2B through 2031): CoreWeave Form 8-K (SEC, Sept 2025); CoreWeave says Meta committed up to $14.2B (TheFly); CoreWeave Form 8-K on the March 2026 Meta order (SEC, 9 Apr 2026)
- Meta–Google Cloud six-year deal (over $10B): Meta signs six-year, $10 billion cloud deal with Google (Data Centre Review); Meta makes huge cloud computing deal with Google (AFP via FMT)
- Meta–Nebius five-year GPU clusters (~$3B): Nebius Group Form 6-K (SEC); Nebius signs new AI infrastructure agreement with Meta, 6-K Ex. 99.1 (SEC, 16 Mar 2026)
- Meta–Nebius five-year Vera Rubin deal (up to ~$27B): Nebius signs new AI infrastructure agreement with Meta, 6-K Ex. 99.1 (SEC)
- Meta–NVIDIA multiyear deal for Blackwell, Rubin GPUs and Grace CPUs: Meta builds AI infrastructure with NVIDIA (NVIDIA Newsroom); Nvidia Expands Multiyear AI Infrastructure Deal with Meta (Pure AI); Meta commits to millions of NVIDIA Blackwell and Rubin GPUs (TechInformed)
- Meta–Oracle cloud commitment (reported ~$20B): Oracle Announces Fiscal Year 2026 Second Quarter Financial Results, 8-K Ex. 99.1 (SEC); Oracle eyes $20 billion AI cloud computing deal with Meta, source says (Reuters)
- Microsoft extends OpenAI partnership (third investment): Microsoft and OpenAI extend partnership (Microsoft blog)
- Microsoft invests $1.5B in G42: Microsoft invests $1.5 billion in Abu Dhabi's G42 (Microsoft); Microsoft's $15.2 billion USD investment in the UAE (Microsoft On the Issues)
- Microsoft winds down its Oracle AI cloud capacity rental: Microsoft winds down 2023 Oracle AI cloud deal (Tech Insider, citing Bloomberg); Microsoft Is Winding Down Oracle Deal to Rent AI Cloud Capacity (Bloomberg)
- Microsoft–Brookfield 10.5 GW renewable energy framework: Brookfield and Microsoft Collaborating to Deliver Over 10.5 GW of New Renewable Power Capacity, 6-K (SEC)
- Microsoft–Constellation 20-year PPA to restart Three Mile Island Unit 1: Constellation to Launch Crane Clean Energy Center (Constellation)
- Microsoft–IREN $9.7B GB300 cloud contract: IREN Secures $9.7bn AI Cloud Contract with Microsoft, 8-K Ex. 99.1 (SEC); Microsoft signs $9.7 billion IREN deal (TechInformed, citing 8-K); IREN: Horizon 1 delivered to Microsoft, 8-K Ex. 99.1 (SEC, Aug 2026)
- Microsoft–Lambda multibillion-dollar GPU deal: Lambda Announces Multibillion-Dollar Agreement with Microsoft (Lambda)
- Microsoft–Nebius GPU capacity from Vineland, NJ: Nebius Group Form 6-K (SEC, 8 Sep 2025); Nebius announces multi-billion dollar agreement with Microsoft (Nebius)
- Microsoft–Nscale ~200,000 NVIDIA GB300 GPUs (US and Europe): Nscale contracts approximately 200,000 NVIDIA GB300 GPUs with Microsoft (Nscale); Nscale inks 200,000-GPU data center contract with Microsoft (SiliconANGLE)
- NAVER–NVIDIA–Brookfield $10B Korean AI factory (200 MW): NAVER Partners with Brookfield and NVIDIA to Expand Korea's National AI Factory Infrastructure Buildout (NAVER, 25 Jul 2026)
- NAVER's KRW 2 trillion (~$1.5B) AI compute contract with a US inference company: Naver signs US$1.5 billion AI cloud deal with US firm (DIGITIMES, 12 Nov 2026); NAVER AI factory with Brookfield and NVIDIA (NAVER, 25 Jul 2026)
- NVIDIA guarantees up to $105B of OpenAI leases at SB Energy's PORTS campus (4.25 GW): NVIDIA Guarantees SB Energy's PORTS-Pike Technology Campus in Ohio, 8-K Ex. 99.1 (SEC); NVIDIA Form 10-Q, quarter ended 26 Jul 2026 (SEC)
- NVIDIA invests $2B in CoreWeave; 5 GW AI factory framework: CoreWeave Form 8-K, Jan 2026 (SEC)
- NVIDIA invests $30B in OpenAI's $110B round: OpenAI Pulls in $110B From Nvidia, Amazon and SoftBank (Built In); Powerlaw Corp semi-annual report, Form N-CSRS (SEC, 2026)
- NVIDIA–CoreWeave $6.3B unused-capacity order: CoreWeave Form 8-K (SEC)
- OpenAI–AMD 6 GW GPU deal with 160M-share warrant: OpenAI and AMD announce multibillion-dollar partnership (Tom's Hardware); AMD and OpenAI announce multi-gigawatt GPU partnership (Evertiq)
- OpenAI–AWS $38B seven-year compute deal: AWS and OpenAI announce multi-year strategic partnership (About Amazon); OpenAI and AWS announce $38 billion deal (SD Times)
- OpenAI–Broadcom 10 GW custom accelerators: OpenAI and Broadcom announce strategic collaboration (Broadcom press release via MFN)
- OpenAI–Cerebras 750 MW inference compute (over $10B): Cerebras Systems IPO prospectus, Form 424B4 (SEC, 14 May 2026); Cerebras Q1 2026 results, 8-K (SEC, 23 Jun 2026)
- OpenAI–CoreWeave expansion (up to $4B): CoreWeave Expands Agreement with OpenAI by up to $6.5B (CoreWeave IR); CoreWeave Form 10-Q, Q1 2025 (SEC)
- OpenAI–CoreWeave expansion (up to $6.5B; $22.4B total): CoreWeave Expands Agreement with OpenAI by up to $6.5B (CoreWeave IR)
- OpenAI–CoreWeave initial cloud contract (up to $11.9B): CoreWeave Expands Agreement with OpenAI by up to $6.5B (CoreWeave IR); CoreWeave expands OpenAI pact with new $6.5 billion contract (Reuters); CoreWeave IPO prospectus, Form 424B4 (SEC, 31 Mar 2025)
- OpenAI–Microsoft recapitalization: $250B incremental Azure commitment: The next chapter of the Microsoft–OpenAI partnership (Microsoft)
- OpenAI–NVIDIA 10 GW letter of intent (up to $100B investment): OpenAI and NVIDIA Announce Strategic Partnership to Deploy 10 Gigawatts (NVIDIA IR)
- OpenAI–Oracle 4.5 GW Stargate capacity: OpenAI, Oracle Add 4.5 GW to Stargate (Built In); OpenAI Signs $300B Cloud Deal With Oracle (Built In, citing WSJ); Oracle Form 8-K (SEC, 30 Jun 2025)
- Oracle discloses cloud contract worth over $30B a year from FY2028: Oracle Form 8-K (SEC, 30 Jun 2025); Oracle signs mystery cloud contract worth $30 billion (Data Centre Review)
- Oracle–AMD 50,000 MI450 GPU supercluster: Oracle and AMD Expand Partnership (Oracle); Oracle and AMD Expand Partnership (AMD)
- Samsung and SK hynix join Stargate (DRAM supply LOIs): OpenAI ropes in Samsung and SK hynix (The Register); Samsung, SK Hynix Ink Deal to Supply Gear to OpenAI's Stargate (Bloomberg via Data Center Knowledge)
- SpaceX (xAI) ~$40B GPU finance lease with Apollo-managed lessor: Space Exploration Technologies Corp. Form 8-K, Item 8.01 (SEC)
- SpaceX hosting deal worth $1.11B a month (customer undisclosed): SpaceX signs $1.1B-per-month AI computing deal (Quartz via Yahoo Finance); SpaceX Says a Mystery AI Customer Adds $1.11 Billion a Month (Yahoo Finance); Anthropic, PBC Form S-1/A, Amendment No. 1 (SEC, 2 Nov 2026)
- Stargate adds five US sites (nearly 7 GW planned): OpenAI, Oracle, and SoftBank expand Stargate with five new AI data center sites (SoftBank); OpenAI Expands Stargate With Five New Data Center Sites (Data Center Knowledge)
- Stargate Norway (Nscale, Aker, OpenAI) in Narvik: Nscale, Aker and OpenAI to establish Stargate Norway (Nscale); Nscale announces expanded deal with Microsoft in Norway (Nscale); Nscale Secures $790 Million in Financing for Norway (Nscale)
- Stargate Project launch (OpenAI, SoftBank, Oracle, MGX): Announcing The Stargate Project (OpenAI); Announcement of The Stargate Project (SoftBank Group)
- Stargate UAE 1 GW cluster (G42, OpenAI, Oracle, NVIDIA, Cisco, SoftBank): G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco come together to launch Stargate UAE (W.Media); New update on Stargate UAE: First phase of 200MW to complete by 2026 (Gulf News)
- Stargate UK (Nscale, OpenAI, NVIDIA): Nscale announces UK AI infrastructure commitment with Microsoft, NVIDIA and OpenAI (Nscale)
- TeraWulf–Fluidstack 200 MW hosting, Google backstop: TeraWulf 8-K Exhibit 99.1 (SEC); TeraWulf Announces Fluidstack Expansion with 160 MW CB-5 Lease, 8-K Ex. 99.1 (SEC)
- xAI $20B GPU financing via SPV for Colossus 2 (NVIDIA-backed): Elon Musk's xAI to raise $20 billion using special Nvidia-backed structure (Bloomberg via Yahoo); Musk's xAI nears $20bn raise with Nvidia (TechInformed)
- xAI–HUMAIN 500 MW+ data center in Saudi Arabia: Elon Musk's xAI will be first customer for Nvidia-backed data center in Saudi Arabia (CNBC); HUMAIN Expands Strategic Partnership with NVIDIA (PR Newswire)