AI Compute Deals

Meta AI compute deals

Meta is party to 10 deals in the ledger, the buyer in all 10. The 6 with a stated price add up to $102.1B in headline value. Stated capacity: 6 GW. Counterparties: CoreWeave, Nebius, AMD, NVIDIA, Oracle, Blue Owl Capital, Google Cloud, Constellation Energy.

Verified 9 Nov 2026. Sums count each row’s headline figure as stated, cancelled deals excluded. Open in the full ledger

  1. Meta–CoreWeave expanded deal (~$21B through 2032)

    Buys from CoreWeave

    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.

    $21B1 expanded

  2. Meta–Nebius five-year Vera Rubin deal (up to ~$27B)

    Buys from Nebius

    'Up to approximately $27 billion': $12 billion dedicated plus up to $15 billion as a backstop for unsold capacity. Agreement signed 13 March 2026.

    $27B1 signed

  3. Meta–AMD 6 GW GPU deal with 160M-share warrant

    Buys from AMD

    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.

    n/d 6 GW signed

  4. Meta–NVIDIA multiyear deal for Blackwell, Rubin GPUs and Grace CPUs

    Buys from NVIDIA

    Not disclosed. Analysts estimate tens of billions of dollars (Pure AI).

    n/d signed

  5. Meta–Oracle cloud commitment (reported ~$20B)

    Buys from Oracle

    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).

    n/d signed

  6. Meta–Nebius five-year GPU clusters (~$3B)

    Buys from Nebius

    ≠ Approximately $2.9 billion per Nebius Form 6-K (agreement dated 1 Nov 2025). Press and Nebius results headline: $3 billion.

    $2.9B1 expanded

  7. Meta–Blue Owl $27B Hyperion data center joint venture

    Buys from Blue Owl Capital (JV)

    ≠ 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).

    $27B1 signed

  8. Meta–CoreWeave order (up to $14.2B through 2031)

    Buys from CoreWeave

    "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.

    $14.2B1 expanded

  9. Meta–Google Cloud six-year deal (over $10B)

    Buys from Google Cloud

    "More than $10 billion" over six years, per The Information, confirmed to AFP by a source. Not disclosed by the companies.

    $10B1 signed

  10. Meta–Constellation 20-year PPA for Clinton nuclear plant

    Buys from Constellation Energy

    1.121 GW plant (Clinton Clean Energy Center); clean-energy attributes, not delivered capacity. Financial terms not disclosed.

    n/d signed