{ "contractVersion": "1.15.0", "license": { "name": "CC BY 4.0", "url": "https://creativecommons.org/licenses/by/4.0/", "attribution": "AI Compute Tracker (aicomputetracker.com), CC BY 4.0", "sources": [ { "id": "public-disclosures", "name": "Public disclosures and reporting", "attribution": "Figures: the public source cited with each claim", "terms": null, "termsVersion": null, "redistribution": "permitted", "license": "CC BY 4.0" } ] }, "asOf": "2026-10-15", "currency": "USD", "note": "Deals restated from company announcements, SEC filings and press reports, each with its dated sources. value.usd is not like-for-like across deals: value.basis says whether it is a contract value, an 'up to' ceiling, an investment intention, a press-reported figure or an estimate. A null is a figure no source states.", "summary": { "deals": 100, "firstDate": "2023-01-23", "lastDate": "2026-10-06", "operatorStated": 89, "reportedOnly": 10, "withStatedValue": 59, "byKind": { "cloud-capacity": 37, "data-center": 19, "chip-supply": 14, "financing": 14, "equity-and-compute": 8, "power": 8 } }, "deals": [ { "id": "openai-microsoft-2023-01", "date": "2023-01-23", "buyer": "OpenAI", "provider": "Microsoft", "otherParties": [], "kind": "equity-and-compute", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": "investment", "text": "multiyear, multibillion dollar investment" }, "termYears": null, "startDate": null, "status": "amended", "summary": "Microsoft announced the third phase of its OpenAI partnership, a multiyear, multibillion-dollar investment under which Azure became OpenAI's exclusive cloud provider for research, products and API services. The cloud terms were changed in January 2025 and again in October 2025.", "operatorStated": true, "sources": [ { "url": "https://blogs.microsoft.com/blog/2023/01/23/microsoftandopenaiextendpartnership/", "label": "Microsoft and OpenAI extend partnership", "publisher": "Microsoft", "date": "2023-01-23", "kind": "primary" } ], "related": [ "openai-microsoft-2025-01", "openai-microsoft-2025-10" ], "updates": [ { "date": "2025-01-21", "text": "Exclusivity on new capacity replaced by a Microsoft right of first refusal.", "sourceUrl": "https://blogs.microsoft.com/blog/2025/01/21/microsoft-and-openai-evolve-partnership-to-drive-the-next-phase-of-ai/" }, { "date": "2025-10-28", "text": "OpenAI contracted an incremental $250B of Azure services and the right of first refusal ended.", "sourceUrl": "https://blogs.microsoft.com/blog/2025/10/28/the-next-chapter-of-the-microsoft-openai-partnership/" } ] }, { "id": "microsoft-coreweave-2023-06", "date": "2023-06-01", "buyer": "Microsoft", "provider": "CoreWeave", "otherParties": [ "OpenAI" ], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": "reported", "text": "could be worth billions of dollars over multiple years" }, "termYears": null, "startDate": null, "status": "reported", "summary": "CNBC reported that Microsoft agreed to spend potentially billions of dollars over multiple years on GPU cloud capacity from Nvidia-backed CoreWeave to help meet demand from OpenAI. Neither company disclosed terms at the time.", "operatorStated": false, "sources": [ { "url": "https://www.cnbc.com/2023/06/01/microsoft-inks-deal-with-coreweave-to-meet-openai-cloud-demand.html", "label": "Microsoft inks deal with CoreWeave to meet OpenAI cloud demand", "publisher": "CNBC", "date": "2023-06-01", "kind": "press" } ], "related": [ "openai-microsoft-2023-01" ], "updates": [] }, { "id": "coreweave-magnetar-blackstone-2023-08", "date": "2023-08-03", "buyer": "CoreWeave", "provider": "Magnetar Capital and Blackstone", "otherParties": [ "Coatue", "DigitalBridge", "BlackRock", "PIMCO", "Carlyle", "Great Elm" ], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 2300000000, "basis": "contract-value", "text": "a $2.3 billion debt facility" }, "termYears": null, "startDate": null, "status": "signed", "summary": "CoreWeave secured a $2.3 billion debt facility led by Magnetar and Blackstone, committed to buying hardware for customer contracts it had already signed. Coatue, DigitalBridge, BlackRock, PIMCO, Carlyle and Great Elm also participated.", "operatorStated": true, "sources": [ { "url": "https://wf.coreweave.com/blog/coreweave-secures-2-3-billion-debt-financing-magnetar-capital-blackstone", "label": "CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone", "publisher": "CoreWeave", "date": "2023-08-03", "kind": "primary" } ], "related": [ "coreweave-blackstone-2024-05" ], "updates": [] }, { "id": "anthropic-amazon-2023-09", "date": "2023-09-25", "buyer": "Anthropic", "provider": "Amazon Web Services", "otherParties": [ "Amazon" ], "kind": "equity-and-compute", "chips": [ "AWS Trainium", "AWS Inferentia" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 4000000000, "basis": "up-to", "text": "Amazon will invest up to $4 billion in Anthropic" }, "termYears": null, "startDate": null, "status": "signed", "summary": "Amazon agreed to invest up to $4 billion in Anthropic, and AWS became Anthropic's primary cloud provider for mission-critical workloads, with access to AWS Trainium and Inferentia chips.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/anthropic-amazon", "label": "Expanding access to safer AI with Amazon", "publisher": "Anthropic", "date": "2023-09-25", "kind": "primary" } ], "related": [ "anthropic-amazon-2024-11", "anthropic-aws-rainier-2024-12", "anthropic-amazon-2026-04" ], "updates": [] }, { "id": "lambda-macquarie-2024-04", "date": "2024-04-04", "buyer": "Lambda", "provider": "Macquarie Group", "otherParties": [ "Industrial Development Funding" ], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 500000000, "basis": "up-to", "text": "a special purpose GPU financing vehicle of up to $500 million" }, "termYears": null, "startDate": null, "status": "signed", "summary": "Lambda secured a GPU-backed special purpose financing vehicle of up to $500 million, led by Macquarie, to expand its on-demand NVIDIA GPU cloud.", "operatorStated": true, "sources": [ { "url": "https://www.businesswire.com/news/home/20240402148086/en/Lambda-Announces-$500M-GPU-Backed-Facility-to-Expand-Cloud-for-AI", "label": "Lambda Announces $500M GPU-Backed Facility to Expand Cloud for AI", "publisher": "Lambda (Business Wire)", "date": "2024-04-04", "kind": "primary" } ], "related": [ "nvidia-lambda-2025-09", "microsoft-lambda-2025-11" ], "updates": [] }, { "id": "coreweave-blackstone-2024-05", "date": "2024-05-17", "buyer": "CoreWeave", "provider": "Blackstone", "otherParties": [ "Magnetar", "Coatue", "Carlyle", "CDPQ", "DigitalBridge Credit", "BlackRock", "Eldridge Industries", "Great Elm Capital" ], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 7500000000, "basis": "contract-value", "text": "a $7.5 billion debt financing facility" }, "termYears": null, "startDate": null, "status": "signed", "summary": "CoreWeave signed a $7.5 billion debt facility led by Blackstone, with Magnetar and Coatue, to expand its GPU fleet for existing customer contracts; CoreWeave called it one of the largest private financings in history.", "operatorStated": true, "sources": [ { "url": "https://investors.coreweave.com/news/news-details/2024/CoreWeave-Secures-7-5-Billion-Debt-Financing-Facility-led-by-Blackstone-and-Magnetar/default.aspx", "label": "CoreWeave Secures $7.5 Billion Debt Financing Facility led by Blackstone and Magnetar", "publisher": "CoreWeave", "date": "2024-05-17", "kind": "primary" } ], "related": [ "coreweave-magnetar-blackstone-2023-08", "coreweave-ddtl-2025-07" ], "updates": [] }, { "id": "openai-oracle-2024-06", "date": "2024-06-11", "buyer": "OpenAI", "provider": "Oracle", "otherParties": [ "Microsoft" ], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "announced", "summary": "Oracle, Microsoft and OpenAI agreed to extend the Microsoft Azure AI platform to Oracle Cloud Infrastructure to give OpenAI additional capacity. No contract value or capacity figure was disclosed.", "operatorStated": true, "sources": [ { "url": "https://www.oracle.com/news/announcement/openai-selects-oracle-cloud-infrastructure-to-extend-microsoft-azure-ai-platform-2024-06-11/", "label": "OpenAI Selects Oracle Cloud Infrastructure to Extend Microsoft Azure AI Platform", "publisher": "Oracle", "date": "2024-06-11", "kind": "primary" } ], "related": [ "openai-oracle-2025-07", "openai-oracle-2025-09" ], "updates": [] }, { "id": "microsoft-constellation-2024-09", "date": "2024-09-20", "buyer": "Microsoft", "provider": "Constellation Energy", "otherParties": [], "kind": "power", "chips": [], "capacity": { "gw": 0.835, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": 20, "startDate": "2028", "status": "signed", "summary": "Constellation signed a 20-year power purchase agreement with Microsoft to restart Three Mile Island Unit 1 as the Crane Clean Energy Center, adding about 835 MW of carbon-free power for Microsoft's PJM data centers, expected online in 2028.", "operatorStated": true, "sources": [ { "url": "https://www.constellationenergy.com/newsroom/2024/Constellation-to-Launch-Crane-Clean-Energy-Center-Restoring-Jobs-and-Carbon-Free-Power-to-The-Grid.html", "label": "Constellation to Launch Crane Clean Energy Center", "publisher": "Constellation Energy", "date": "2024-09-20", "kind": "primary" } ], "related": [], "updates": [] }, { "id": "google-kairos-2024-10", "date": "2024-10-14", "buyer": "Google", "provider": "Kairos Power", "otherParties": [], "kind": "power", "chips": [], "capacity": { "gw": 0.5, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "signed", "summary": "Google agreed to buy power from several small modular reactors to be developed by Kairos Power, up to 500 MW in total, with the first reactor targeted for 2030 and the rest through 2035.", "operatorStated": true, "sources": [ { "url": "https://blog.google/outreach-initiatives/sustainability/google-kairos-power-nuclear-energy-agreement/", "label": "New nuclear clean energy agreement with Kairos Power", "publisher": "Google", "date": "2024-10-14", "kind": "primary" } ], "related": [], "updates": [] }, { "id": "xai-colossus-2024-10", "date": "2024-10-28", "buyer": "xAI", "provider": "NVIDIA", "otherParties": [], "kind": "chip-supply", "chips": [ "NVIDIA H100" ], "capacity": { "gw": null, "units": 100000, "unitLabel": "NVIDIA Hopper GPUs" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2024", "status": "operating", "summary": "NVIDIA said xAI's Colossus cluster in Memphis, Tennessee comprised 100,000 NVIDIA Hopper GPUs on Spectrum-X Ethernet, built in 122 days, and that xAI was doubling it to 200,000 Hopper GPUs. Purchase terms were not disclosed; in May 2026 Anthropic contracted all of Colossus 1's capacity.", "operatorStated": true, "sources": [ { "url": "https://nvidianews.nvidia.com/news/spectrum-x-ethernet-networking-xai-colossus", "label": "NVIDIA Spectrum-X Makes Colossal NVIDIA Hopper 100,000-GPU System Possible", "publisher": "NVIDIA", "date": "2024-10-28", "kind": "primary" } ], "related": [ "anthropic-spacex-2026-05", "xai-morgan-stanley-2025-06", "xai-nvidia-spv-2025-10" ], "updates": [ { "date": "2026-05-06", "text": "Anthropic signed an agreement to use all of the compute capacity at Colossus 1, more than 300 MW.", "sourceUrl": "https://www.anthropic.com/news/higher-limits-spacex" } ] }, { "id": "anthropic-amazon-2024-11", "date": "2024-11-22", "buyer": "Anthropic", "provider": "Amazon Web Services", "otherParties": [ "Amazon" ], "kind": "equity-and-compute", "chips": [ "AWS Trainium" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 4000000000, "basis": "investment", "text": "a new $4 billion investment from Amazon" }, "termYears": null, "startDate": null, "status": "signed", "summary": "Amazon invested a further $4 billion in Anthropic, bringing its total to $8 billion, and AWS became Anthropic's primary cloud and training partner, with Anthropic working with Annapurna Labs on future Trainium chips.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/anthropic-amazon-trainium", "label": "Powering the next generation of AI development with AWS", "publisher": "Anthropic", "date": "2024-11-22", "kind": "primary" } ], "related": [ "anthropic-amazon-2023-09", "anthropic-aws-rainier-2024-12", "anthropic-amazon-2026-04" ], "updates": [] }, { "id": "anthropic-aws-rainier-2024-12", "date": "2024-12-03", "buyer": "Anthropic", "provider": "Amazon Web Services", "otherParties": [], "kind": "cloud-capacity", "chips": [ "AWS Trainium2" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "operating", "summary": "AWS announced Project Rainier, an EC2 UltraCluster of Trainium2 UltraServers built with Anthropic and spanning hundreds of thousands of Trainium2 chips. AWS said in October 2025 that it was fully operational with nearly half a million Trainium2 chips.", "operatorStated": true, "sources": [ { "url": "https://press.aboutamazon.com/2024/12/aws-trainium2-instances-now-generally-available", "label": "AWS Trainium2 instances now generally available", "publisher": "Amazon", "date": "2024-12-03", "kind": "primary" }, { "url": "https://www.aboutamazon.com/news/aws/aws-project-rainier-ai-trainium-chips-compute-cluster", "label": "AWS activates Project Rainier", "publisher": "Amazon", "date": "2025-10-29", "kind": "primary" } ], "related": [ "anthropic-amazon-2024-11", "anthropic-amazon-2026-04" ], "updates": [ { "date": "2025-10-29", "text": "AWS said Project Rainier was fully operational and that Claude would run on more than 1 million Trainium2 chips by the end of 2025.", "sourceUrl": "https://www.aboutamazon.com/news/aws/aws-project-rainier-ai-trainium-chips-compute-cluster" } ] }, { "id": "openai-microsoft-2025-01", "date": "2025-01-21", "buyer": "OpenAI", "provider": "Microsoft", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "amended", "summary": "Microsoft and OpenAI replaced Azure exclusivity on new OpenAI capacity with a Microsoft right of first refusal, and Microsoft approved OpenAI building additional capacity, primarily for research and training. The change was announced alongside the Stargate Project.", "operatorStated": true, "sources": [ { "url": "https://blogs.microsoft.com/blog/2025/01/21/microsoft-and-openai-evolve-partnership-to-drive-the-next-phase-of-ai/", "label": "Microsoft and OpenAI evolve partnership to drive the next phase of AI", "publisher": "Microsoft", "date": "2025-01-21", "kind": "primary" } ], "related": [ "openai-microsoft-2023-01", "openai-microsoft-2025-10", "openai-stargate-2025-01" ], "updates": [ { "date": "2025-10-28", "text": "The right of first refusal on OpenAI compute ended under the restructured agreement.", "sourceUrl": "https://blogs.microsoft.com/blog/2025/10/28/the-next-chapter-of-the-microsoft-openai-partnership/" } ] }, { "id": "openai-stargate-2025-01", "date": "2025-01-21", "buyer": "OpenAI", "provider": "Stargate Project", "otherParties": [ "SoftBank", "Oracle", "MGX", "Arm", "Microsoft", "NVIDIA" ], "kind": "data-center", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 500000000000, "basis": "investment", "text": "$500 billion over the next four years" }, "termYears": 4, "startDate": "2025", "status": "in-progress", "summary": "OpenAI, SoftBank, Oracle and MGX launched the Stargate Project, a new company that intends to invest $500 billion over four years in AI infrastructure for OpenAI in the United States, starting with $100 billion. SoftBank has financial responsibility and OpenAI operational responsibility.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/announcing-the-stargate-project/", "label": "Announcing The Stargate Project", "publisher": "OpenAI", "date": "2025-01-21", "kind": "primary" } ], "related": [ "openai-microsoft-2025-01", "openai-oracle-2025-07", "openai-stargate-sites-2025-09", "crusoe-blue-owl-2025-05" ], "updates": [ { "date": "2025-07-22", "text": "Oracle partnership for 4.5 GW of additional US capacity brought Stargate capacity under development to over 5 GW.", "sourceUrl": "https://openai.com/index/stargate-advances-with-partnership-with-oracle/" }, { "date": "2025-09-23", "text": "Five new sites brought Stargate to nearly 7 GW of planned capacity and over $400 billion of investment over three years.", "sourceUrl": "https://group.softbank/en/news/press/20250924" } ] }, { "id": "openai-coreweave-2025-03", "date": "2025-03-10", "buyer": "OpenAI", "provider": "CoreWeave", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 11900000000, "basis": "up-to", "text": "up to $11.9 billion" }, "termYears": null, "startDate": null, "status": "in-progress", "summary": "CoreWeave agreed to supply AI cloud capacity to OpenAI under a contract worth up to $11.9 billion through October 2030, and OpenAI received $350 million of CoreWeave stock as part of the deal. CoreWeave later financed equipment for the contract with a $2.6 billion delayed draw term loan.", "operatorStated": true, "sources": [ { "url": "https://wf.coreweave.com/blog/coreweave-announces-agreement-with-openai-to-deliver-ai-infrastructure", "label": "CoreWeave Announces Agreement with OpenAI to Deliver AI Infrastructure", "publisher": "CoreWeave", "date": "2025-03-10", "kind": "primary" }, { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000119312525067651/d899798d424b4.htm", "label": "CoreWeave IPO prospectus (Form 424B4)", "publisher": "CoreWeave via SEC EDGAR", "date": "2025-03-31", "kind": "filing" } ], "related": [ "openai-coreweave-2025-09", "coreweave-ddtl-2025-07" ], "updates": [ { "date": "2025-05", "text": "CoreWeave later said the contract was expanded by up to $4 billion in May 2025.", "sourceUrl": "https://www.businesswire.com/news/home/20250925146487/en" }, { "date": "2025-09-25", "text": "OpenAI committed up to about $6.5 billion more through May 31, 2031 under a new order form.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1769628/000119312525216497/d17274d8k.htm" } ] }, { "id": "humain-nvidia-2025-05", "date": "2025-05-13", "buyer": "HUMAIN", "provider": "NVIDIA", "otherParties": [], "kind": "chip-supply", "chips": [ "NVIDIA GB300" ], "capacity": { "gw": 0.5, "units": 18000, "unitLabel": "NVIDIA GB300 GPUs (first phase)" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": 5, "startDate": null, "status": "in-progress", "summary": "Saudi Arabia's HUMAIN and NVIDIA announced plans for AI factories of up to 500 MW powered by several hundred thousand NVIDIA GPUs over five years, starting with an 18,000-GPU GB300 supercomputer. The partnership was expanded in November 2025.", "operatorStated": true, "sources": [ { "url": "https://nvidianews.nvidia.com/news/humain-and-nvidia-announce-strategic-partnership-to-build-ai-factories-of-the-future-in-saudi-arabia", "label": "HUMAIN and NVIDIA Announce Strategic Partnership to Build AI Factories of the Future in Saudi Arabia", "publisher": "NVIDIA", "date": "2025-05-13", "kind": "primary" } ], "related": [ "humain-nvidia-2025-11", "xai-humain-2025-11" ], "updates": [] }, { "id": "humain-amd-2025-05", "date": "2025-05-13", "buyer": "HUMAIN", "provider": "AMD", "otherParties": [], "kind": "chip-supply", "chips": [], "capacity": { "gw": 0.5, "units": null, "unitLabel": null }, "value": { "usd": 10000000000, "basis": "investment", "text": "a $10 billion collaboration" }, "termYears": null, "startDate": null, "status": "announced", "summary": "AMD and Saudi Arabia's HUMAIN announced a $10 billion collaboration to deploy 500 MW of AI compute built on AMD hardware.", "operatorStated": true, "sources": [ { "url": "https://newsroom.amd.com/news/amd-and-humain-form-strategic-10b-collaboration/", "label": "AMD and HUMAIN Form Strategic, $10B Collaboration to Advance Global AI", "publisher": "AMD", "date": "2025-05-13", "kind": "primary" } ], "related": [], "updates": [] }, { "id": "crusoe-blue-owl-2025-05", "date": "2025-05-21", "buyer": "Crusoe", "provider": "Blue Owl Capital", "otherParties": [ "Primary Digital Infrastructure", "Oracle", "OpenAI" ], "kind": "financing", "chips": [ "NVIDIA GB200" ], "capacity": { "gw": 1.2, "units": null, "unitLabel": null }, "value": { "usd": 15000000000, "basis": "investment", "text": "a $15 billion joint-venture" }, "termYears": null, "startDate": null, "status": "in-progress", "summary": "Crusoe, Blue Owl and Primary Digital Infrastructure began the second phase of a $15 billion joint venture to fund the 1.2 GW Abilene, Texas campus, adding six buildings for eight in total. The campus runs on Oracle Cloud Infrastructure as Stargate's flagship site for OpenAI, with the first NVIDIA GB200 racks delivered in June 2025.", "operatorStated": true, "sources": [ { "url": "https://www.crusoe.ai/resources/newsroom/crusoe-blue-owl-capital-and-primary-digital-infrastructure-enter-joint-venture", "label": "Crusoe, Blue Owl Capital, and Primary Digital Infrastructure enter second phase of $15 billion joint venture", "publisher": "Crusoe", "date": "2025-05-21", "kind": "primary" }, { "url": "https://www.crusoe.ai/resources/newsroom/crusoe-announces-flagship-abilene-data-center-is-live", "label": "Crusoe announces flagship Abilene data center is live", "publisher": "Crusoe", "date": "2025-09-30", "kind": "primary" } ], "related": [ "openai-stargate-2025-01", "openai-oracle-2025-07" ], "updates": [ { "date": "2025-09-30", "text": "Crusoe said the first phase of the Abilene campus was live on Oracle Cloud Infrastructure.", "sourceUrl": "https://www.crusoe.ai/resources/newsroom/crusoe-announces-flagship-abilene-data-center-is-live" }, { "date": "2026-09-10", "text": "Oracle said 6 of the 8 Abilene buildings, 618 MW and 75% of capacity, had been delivered to the customer.", "sourceUrl": "https://www.fool.com/earnings/call-transcripts/2026/09/11/oracle-orcl-q1-2027-earnings-call-transcript/" } ] }, { "id": "openai-stargate-uae-2025-05", "date": "2025-05-22", "buyer": "OpenAI", "provider": "G42", "otherParties": [ "Oracle", "NVIDIA", "Cisco", "SoftBank" ], "kind": "data-center", "chips": [], "capacity": { "gw": 1, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2026", "status": "in-progress", "summary": "OpenAI announced Stargate UAE with G42, Oracle, NVIDIA, Cisco and SoftBank: a 1 GW cluster in Abu Dhabi, with the first 200 MW expected to go live in 2026. In October 2025 G42 said construction of the first 200 MW was well underway.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/introducing-stargate-uae/", "label": "Introducing Stargate UAE", "publisher": "OpenAI", "date": "2025-05-22", "kind": "primary" }, { "url": "https://www.prnewswire.com/news-releases/g42-provides-update-on-construction-of-stargate-uae-ai-infrastructure-cluster-302586430.html", "label": "G42 provides update on construction of Stargate UAE AI infrastructure cluster", "publisher": "G42 (PR Newswire)", "date": "2025-10-16", "kind": "primary" } ], "related": [ "openai-stargate-2025-01" ], "updates": [ { "date": "2025-10-16", "text": "G42 said construction of the first 200 MW was well underway toward planned 2026 delivery.", "sourceUrl": "https://www.prnewswire.com/news-releases/g42-provides-update-on-construction-of-stargate-uae-ai-infrastructure-cluster-302586430.html" } ] }, { "id": "openai-google-tpu-2025-06", "date": "2025-06", "buyer": "OpenAI", "provider": "Google Cloud", "otherParties": [], "kind": "chip-supply", "chips": [ "Google TPU" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "reported-denied", "summary": "Reuters and other outlets reported in late June 2025 that OpenAI had begun renting Google TPUs. OpenAI then said it was only in early testing with some TPUs and had no active plans to deploy them at scale.", "operatorStated": false, "sources": [ { "url": "https://www.chinadailyhk.com/hk/article/615014", "label": "OpenAI says it has no plans to use Google's in-house chip", "publisher": "Reuters (via China Daily Hong Kong)", "date": "2025-07-01", "kind": "press" } ], "related": [ "openai-google-cloud-2025-06" ], "updates": [] }, { "id": "meta-constellation-2025-06", "date": "2025-06-03", "buyer": "Meta", "provider": "Constellation Energy", "otherParties": [], "kind": "power", "chips": [], "capacity": { "gw": 1.121, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": 20, "startDate": "2027-06", "status": "signed", "summary": "Meta signed a 20-year agreement for the output of Constellation's Clinton nuclear plant in Illinois, 1,121 MW including a 30 MW uprate, starting in June 2027.", "operatorStated": true, "sources": [ { "url": "https://www.constellationenergy.com/news/2025/constellation-meta-sign-20-year-deal-for-clean-reliable-nuclear-energy-in-illinois.html", "label": "Constellation, Meta Sign 20-Year Deal for Clean, Reliable Nuclear Energy in Illinois", "publisher": "Constellation Energy", "date": "2025-06-03", "kind": "primary" } ], "related": [], "updates": [] }, { "id": "openai-google-cloud-2025-06", "date": "2025-06-10", "buyer": "OpenAI", "provider": "Google Cloud", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "reported", "summary": "Reuters reported, citing three sources, that OpenAI would add Google Cloud capacity for training and running its models in a deal finalized in May 2025. Neither company disclosed terms.", "operatorStated": false, "sources": [ { "url": "https://www.scmp.com/tech/big-tech/article/3313936/openai-taps-google-unprecedented-cloud-deal-despite-ai-rivalry-sources-say", "label": "OpenAI taps Google in unprecedented cloud deal despite AI rivalry, sources say", "publisher": "Reuters (via South China Morning Post)", "date": "2025-06-11", "kind": "press" } ], "related": [ "openai-google-tpu-2025-06" ], "updates": [] }, { "id": "aws-talen-2025-06", "date": "2025-06-11", "buyer": "Amazon Web Services", "provider": "Talen Energy", "otherParties": [], "kind": "power", "chips": [], "capacity": { "gw": 1.92, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "signed", "summary": "Talen Energy expanded its nuclear power agreement with Amazon to up to 1,920 MW from the Susquehanna plant in Pennsylvania through 2042, reaching the full volume no later than 2032.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1622536/000162828025030559/a20250611pressreleasebusin.htm", "label": "Talen Energy Expands Nuclear Energy Relationship with Amazon (Exhibit 99.1)", "publisher": "Talen Energy (SEC filing)", "date": "2025-06-11", "kind": "filing" } ], "related": [], "updates": [] }, { "id": "xai-morgan-stanley-2025-06", "date": "2025-06-30", "buyer": "xAI", "provider": "Morgan Stanley (arranger)", "otherParties": [], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 10000000000, "basis": "reported", "text": "$10 billion in debt and equity" }, "termYears": null, "startDate": null, "status": "signed", "summary": "Morgan Stanley said xAI raised $5 billion of secured notes and term loans plus $5 billion of strategic equity, with proceeds going to AI infrastructure including one of the world's largest data centers. The figures come from the arranging bank as reported by press, not from xAI.", "operatorStated": false, "sources": [ { "url": "https://techcrunch.com/2025/07/01/xai-raises-10b-in-debt-and-equity/", "label": "xAI raises $10B in debt and equity", "publisher": "TechCrunch", "date": "2025-07-01", "kind": "press" } ], "related": [ "xai-nvidia-spv-2025-10", "xai-series-e-2026-01" ], "updates": [] }, { "id": "openai-oracle-2025-07", "date": "2025-07-22", "buyer": "OpenAI", "provider": "Oracle", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": 4.5, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "in-progress", "summary": "Oracle and OpenAI agreed to develop 4.5 GW of additional Stargate data center capacity in the US, which OpenAI said would bring Stargate capacity under development to over 5 GW including Abilene. On June 30, 2025 Oracle had disclosed an unnamed cloud contract expected to contribute more than $30 billion in annual revenue starting in fiscal 2028.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/stargate-advances-with-partnership-with-oracle/", "label": "Stargate advances with 4.5 GW partnership with Oracle", "publisher": "OpenAI", "date": "2025-07-22", "kind": "primary" }, { "url": "https://www.sec.gov/Archives/edgar/data/1341439/000119312525152035/d136779d8k.htm", "label": "Oracle Form 8-K (June 30, 2025)", "publisher": "Oracle via SEC EDGAR", "date": "2025-06-30", "kind": "filing" } ], "related": [ "openai-oracle-2025-09", "openai-oracle-2024-06", "openai-stargate-2025-01", "openai-stargate-sites-2025-09", "openai-stargate-wisconsin-2025-10", "openai-stargate-michigan-2025-10", "crusoe-blue-owl-2025-05" ], "updates": [ { "date": "2025-09-23", "text": "OpenAI put the 4.5 GW partnership at more than $300 billion between the two companies over five years.", "sourceUrl": "https://openai.com/index/five-new-stargate-sites/" }, { "date": "2025-10-22", "text": "Port Washington, Wisconsin campus with Vantage named as part of the 4.5 GW partnership.", "sourceUrl": "https://vantage-dc.com/news/openai-oracle-and-vantage-data-centers-announce-stargate-data-center-site-in-wisconsin/" }, { "date": "2025-10-30", "text": "Saline Township, Michigan campus with Related Digital named as part of the 4.5 GW partnership.", "sourceUrl": "https://www.related.com/press-releases/2025-10-30/openai-oracle-and-related-digital-announce-stargate-data-center-site" } ] }, { "id": "coreweave-ddtl-2025-07", "date": "2025-07-31", "buyer": "CoreWeave", "provider": "Morgan Stanley and MUFG (lead arrangers)", "otherParties": [ "Goldman Sachs", "OpenAI" ], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 2600000000, "basis": "contract-value", "text": "$2.6 billion delayed draw term loan facility" }, "termYears": null, "startDate": null, "status": "signed", "summary": "CoreWeave closed a $2.6 billion secured delayed draw term loan (DDTL 3.0) led by Morgan Stanley and MUFG to buy equipment and infrastructure for its long-term contract with OpenAI.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000033/ddtl30pressrelease-ex991x6.htm", "label": "CoreWeave Closes $2.6 Billion Secured Debt Financing Facility (Exhibit 99.1)", "publisher": "CoreWeave via SEC EDGAR", "date": "2025-07-31", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000033/ddtl30pressrelease-ex991x6.htm", "label": "CoreWeave DDTL 3.0 release (use of funds)", "publisher": "CoreWeave via SEC EDGAR", "date": "2025-07-31", "kind": "filing" } ], "related": [ "openai-coreweave-2025-03" ], "updates": [] }, { "id": "openai-stargate-norway-2025-07", "date": "2025-07-31", "buyer": "OpenAI", "provider": "Nscale", "otherParties": [ "Aker" ], "kind": "data-center", "chips": [], "capacity": { "gw": 0.23, "units": 100000, "unitLabel": "NVIDIA GPUs" }, "value": { "usd": 1000000000, "basis": "investment", "text": "approximately USD 1 billion to the initial 20MW phase of the project" }, "termYears": null, "startDate": null, "status": "announced", "summary": "Nscale, Aker and OpenAI announced Stargate Norway in Narvik, planned at 230 MW with an ambition for 290 MW more and a target of 100,000 NVIDIA GPUs by the end of 2026, with OpenAI as an initial offtaker. Nscale and Aker committed about $1 billion to the first 20 MW phase; the Aker-Nscale venture later contracted Narvik capacity to Microsoft.", "operatorStated": true, "sources": [ { "url": "https://www.nscale.com/press-releases/stargate-norway-nscale-aker-openai", "label": "Nscale, Aker and OpenAI to establish Stargate Norway", "publisher": "Nscale", "date": "2025-07-31", "kind": "primary" } ], "related": [ "microsoft-nscale-2025-10", "microsoft-nscale-2026-04", "openai-stargate-2025-01" ], "updates": [ { "date": "2025-10-15", "text": "Nscale said the Aker-Nscale joint venture had signed a multi-year agreement to deliver about 52,000 NVIDIA GB300 GPUs to Microsoft from Narvik.", "sourceUrl": "https://www.nscale.com/press-releases/nscale-microsoft-2025" } ] }, { "id": "fluidstack-terawulf-2025-08", "date": "2025-08-14", "buyer": "Fluidstack", "provider": "TeraWulf", "otherParties": [ "Google" ], "kind": "data-center", "chips": [], "capacity": { "gw": 0.2, "units": null, "unitLabel": null }, "value": { "usd": 3700000000, "basis": "contract-value", "text": "approximately $3.7 billion in contracted revenue" }, "termYears": 10, "startDate": null, "status": "in-progress", "summary": "TeraWulf signed two 10-year colocation agreements with Fluidstack for more than 200 MW of critical IT load at Lake Mariner, New York, worth about $3.7 billion and up to $8.7 billion with extensions. Google backstopped $1.8 billion of Fluidstack's obligations and received warrants for about an 8% stake in TeraWulf.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1083301/000110465925078084/tm2523008d2_ex99-1.htm", "label": "TeraWulf Signs 200+ MW, 10-Year AI Hosting Agreements (Exhibit 99.1)", "publisher": "TeraWulf via SEC EDGAR", "date": "2025-08-14", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1083301/000110465925078084/tm2523008d2_ex99-1.htm", "label": "TeraWulf release (Google backstop)", "publisher": "TeraWulf via SEC EDGAR", "date": "2025-08-14", "kind": "filing" } ], "related": [ "fluidstack-cipher-2025-09", "anthropic-hut8-2025-12" ], "updates": [ { "date": "2025-08-18", "text": "TeraWulf announced a Fluidstack expansion with a 160 MW CB-5 lease at Lake Mariner.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1083301/000110465925079463/tm2523651d3_ex99-1.htm" } ] }, { "id": "meta-google-cloud-2025-08", "date": "2025-08-21", "buyer": "Meta", "provider": "Google Cloud", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 10000000000, "basis": "reported", "text": "worth more than $10 billion" }, "termYears": 6, "startDate": null, "status": "reported", "summary": "Reuters reported, citing a source, that Google signed a six-year cloud deal with Meta worth more than $10 billion for servers, storage and networking. The deal was first reported by The Information; neither company disclosed terms.", "operatorStated": false, "sources": [ { "url": "https://www.ctvnews.ca/business/article/meta-signs-over-us10-billion-cloud-deal-with-google-source-says/", "label": "Meta signs over US$10 billion cloud deal with Google, source says", "publisher": "Reuters (via CTV News)", "date": "2025-08-21", "kind": "press" }, { "url": "https://www.ksl.com/article/news/business/meta-signs-over-10-billion-cloud-deal-with-google-source-says/51364070", "label": "Meta signs over $10 billion cloud deal with Google, source says", "publisher": "Reuters (via KSL)", "date": "2025-08-24", "kind": "press" } ], "related": [], "updates": [] }, { "id": "coreweave-applied-digital-2025-08", "date": "2025-08-29", "buyer": "CoreWeave", "provider": "Applied Digital", "otherParties": [], "kind": "data-center", "chips": [], "capacity": { "gw": 0.4, "units": null, "unitLabel": null }, "value": { "usd": 11000000000, "basis": "contract-value", "text": "total anticipated contracted lease revenue to approximately $11B" }, "termYears": 15, "startDate": null, "status": "in-progress", "summary": "Applied Digital signed a third lease with CoreWeave for 150 MW at its Polaris Forge 1 campus in Ellendale, North Dakota, bringing CoreWeave's leases there to 400 MW and about $11 billion of anticipated lease revenue, including $7 billion from two roughly 15-year leases executed in May 2025.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1144879/000149315225012458/ex99-1.htm", "label": "Applied Digital Finalizes Additional 150MW Lease with CoreWeave in North Dakota (Exhibit 99.1)", "publisher": "Applied Digital via SEC EDGAR", "date": "2025-08-29", "kind": "filing" } ], "related": [ "nvidia-coreweave-2025-09" ], "updates": [] }, { "id": "nvidia-lambda-2025-09", "date": "2025-09", "buyer": "NVIDIA", "provider": "Lambda", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": 18000, "unitLabel": "GPUs (reported)" }, "value": { "usd": 1500000000, "basis": "reported", "text": "$1.5 billion" }, "termYears": 4, "startDate": null, "status": "reported", "summary": "The Information reported that NVIDIA agreed to lease back about 18,000 of its own GPUs from Lambda, a company it had invested in, for about $1.5 billion: roughly $1.3 billion over four years for 10,000 GPUs plus about $200 million for 8,000 more. Neither company disclosed terms.", "operatorStated": false, "sources": [ { "url": "https://www.tomshardware.com/tech-industry/artificial-intelligence/nvidia-signs-usd1-5-billion-deal-with-cloud-startup-lambda-to-rent-back-its-own-ai-chips-18-000-gpus-will-be-leased-over-4-years-as-lambda-gears-up-for-its-ipo", "label": "Nvidia signs $1.5 billion deal with cloud startup Lambda to rent back its own AI chips", "publisher": "Tom's Hardware (citing The Information)", "date": "2025-09-05", "kind": "press" } ], "related": [ "lambda-macquarie-2024-04", "microsoft-lambda-2025-11", "nvidia-coreweave-2025-09" ], "updates": [] }, { "id": "microsoft-nebius-2025-09", "date": "2025-09-08", "buyer": "Microsoft", "provider": "Nebius", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 17400000000, "basis": "contract-value", "text": "about $17.4 billion through 2031" }, "termYears": 5, "startDate": "2025", "status": "in-progress", "summary": "Nebius agreed to provide Microsoft dedicated GPU capacity from its new Vineland, New Jersey data center over five years, for a contract value of about $17.4 billion through 2031, or about $19.4 billion if Microsoft takes additional services. Capacity was to be deployed in tranches in 2025 and 2026.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925088312/tm2525580d1_6k.htm", "label": "Nebius Group Form 6-K (September 8, 2025)", "publisher": "Nebius via SEC EDGAR", "date": "2025-09-08", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925088312/tm2525580d1_6k.htm", "label": "Nebius Group Form 6-K (option)", "publisher": "Nebius via SEC EDGAR", "date": "2025-09-08", "kind": "filing" } ], "related": [ "microsoft-nscale-2025-10", "microsoft-iren-2025-11", "microsoft-lambda-2025-11" ], "updates": [] }, { "id": "openai-oracle-2025-09", "date": "2025-09-10", "buyer": "OpenAI", "provider": "Oracle", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 300000000000, "basis": "contract-value", "text": "more than $300 billion over five years" }, "termYears": 5, "startDate": "2027", "status": "signed", "summary": "The Wall Street Journal reported, citing people familiar with the agreement, that OpenAI signed a contract to buy about $300 billion of Oracle computing power over roughly five years starting in 2027, about seven weeks after the 4.5 GW Oracle partnership was announced. On September 23, 2025 OpenAI put that partnership at more than $300 billion over five years. Oracle has not stated the figure, and neither company has confirmed the 2027 start.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/five-new-stargate-sites/", "label": "OpenAI, Oracle, and SoftBank expand Stargate with five new AI data center sites", "publisher": "OpenAI", "date": "2025-09-23", "kind": "primary" }, { "url": "https://www.theregister.com/2025/09/11/openai_reportedly_on_the_hook/", "label": "OpenAI reportedly on the hook for $300B Oracle Cloud bill", "publisher": "The Register (citing The Wall Street Journal)", "date": "2025-09-11", "kind": "press" } ], "related": [ "openai-oracle-2025-07", "openai-oracle-2024-06" ], "updates": [] }, { "id": "nvidia-coreweave-2025-09", "date": "2025-09-15", "buyer": "NVIDIA", "provider": "CoreWeave", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 6300000000, "basis": "contract-value", "text": "an initial value of $6.3 billion" }, "termYears": null, "startDate": null, "status": "signed", "summary": "CoreWeave disclosed a $6.3 billion order form with NVIDIA under which NVIDIA must buy any residual cloud capacity that CoreWeave's own customers do not use, through April 13, 2032.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000047/crwv-20250909.htm", "label": "CoreWeave Form 8-K (September 15, 2025)", "publisher": "CoreWeave via SEC EDGAR", "date": "2025-09-15", "kind": "filing" } ], "related": [ "coreweave-nvidia-2026-01", "nvidia-lambda-2025-09" ], "updates": [] }, { "id": "openai-stargate-uk-2025-09", "date": "2025-09-16", "buyer": "OpenAI", "provider": "Nscale", "otherParties": [ "NVIDIA" ], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": 8000, "unitLabel": "GPUs (offtake to explore in Q1 2026; up to 31,000 over time)" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2026", "status": "announced", "summary": "OpenAI announced Stargate UK with NVIDIA and Nscale, saying it will explore offtake of up to 8,000 GPUs in the first quarter of 2026 with potential to scale to 31,000 GPUs, across UK sites including Cobalt Park in the North East.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/introducing-stargate-uk/", "label": "Introducing Stargate UK", "publisher": "OpenAI", "date": "2025-09-16", "kind": "primary" } ], "related": [ "openai-stargate-norway-2025-07", "microsoft-nscale-2025-10" ], "updates": [] }, { "id": "openai-nvidia-2025-09", "date": "2025-09-22", "buyer": "OpenAI", "provider": "NVIDIA", "otherParties": [], "kind": "chip-supply", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": 10, "units": null, "unitLabel": null }, "value": { "usd": 100000000000, "basis": "up-to", "text": "NVIDIA intends to invest up to $100 billion in OpenAI progressively as each gigawatt is deployed" }, "termYears": null, "startDate": "2026", "status": "announced", "summary": "OpenAI and NVIDIA signed a letter of intent for OpenAI to deploy at least 10 GW of NVIDIA systems, with NVIDIA intending to invest up to $100 billion in OpenAI as each gigawatt is deployed. The first gigawatt was targeted for the second half of 2026 on the Vera Rubin platform.", "operatorStated": true, "sources": [ { "url": "https://nvidianews.nvidia.com/news/openai-and-nvidia-announce-strategic-partnership-to-deploy-10gw-of-nvidia-systems", "label": "OpenAI and NVIDIA Announce Strategic Partnership to Deploy 10 Gigawatts of NVIDIA Systems", "publisher": "NVIDIA", "date": "2025-09-22", "kind": "primary" } ], "related": [ "openai-amd-2025-10", "openai-broadcom-2025-10", "openai-sb-energy-2026-08" ], "updates": [ { "date": "2026-02-25", "text": "NVIDIA's annual report said it was still finalizing an investment and partnership agreement with OpenAI, with no assurance a transaction would be completed.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000021/nvda-20260125.htm" }, { "date": "2026-02-27", "text": "OpenAI said NVIDIA would invest $30 billion in its $110 billion funding round; Reuters said it was unclear whether this replaced the up to $100 billion commitment.", "sourceUrl": "https://finance.yahoo.com/news/openais-110-billion-funding-round-145925079.html" }, { "date": "2026-08-17", "text": "NVIDIA agreed to guarantee up to $105 billion of lease obligations for an Ohio campus where OpenAI will deploy NVIDIA systems on about 4.25 GW of IT load.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000069/nvda-20260817.htm" } ] }, { "id": "openai-stargate-sites-2025-09", "date": "2025-09-23", "buyer": "OpenAI", "provider": "Oracle", "otherParties": [ "SoftBank", "SB Energy" ], "kind": "data-center", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "in-progress", "summary": "OpenAI, Oracle and SoftBank named five new US Stargate sites: Shackelford County, Texas, Dona Ana County, New Mexico and a Midwest site with Oracle, able to deliver over 5.5 GW together with a 600 MW Abilene expansion, plus SoftBank sites in Lordstown, Ohio and Milam County, Texas that can scale to 1.5 GW. The partners said this brought Stargate to nearly 7 GW of planned capacity and over $400 billion of investment over three years.", "operatorStated": true, "sources": [ { "url": "https://group.softbank/en/news/press/20250924", "label": "OpenAI, Oracle, and SoftBank expand Stargate with five new AI data center sites", "publisher": "SoftBank Group", "date": "2025-09-23", "kind": "primary" }, { "url": "https://group.softbank/en/news/press/20250924", "label": "Five new Stargate sites (SoftBank sites)", "publisher": "SoftBank Group", "date": "2025-09-23", "kind": "primary" } ], "related": [ "openai-stargate-2025-01", "openai-oracle-2025-07", "openai-stargate-wisconsin-2025-10", "openai-sb-energy-2026-01" ], "updates": [ { "date": "2025-10-22", "text": "The Midwest site was named as Port Washington, Wisconsin, developed with Vantage Data Centers.", "sourceUrl": "https://vantage-dc.com/news/openai-oracle-and-vantage-data-centers-announce-stargate-data-center-site-in-wisconsin/" }, { "date": "2026-01-09", "text": "SB Energy was selected to build and operate the 1.2 GW Milam County site under a lease with OpenAI.", "sourceUrl": "https://sbenergy.com/openai-and-softbank-group-partner-with-sb-energy/" } ] }, { "id": "fluidstack-cipher-2025-09", "date": "2025-09-25", "buyer": "Fluidstack", "provider": "Cipher Mining", "otherParties": [ "Google" ], "kind": "data-center", "chips": [], "capacity": { "gw": 0.168, "units": null, "unitLabel": null }, "value": { "usd": 3000000000, "basis": "contract-value", "text": "~$3 Billion in Contracted Revenue over 10-Year Term" }, "termYears": 10, "startDate": null, "status": "in-progress", "summary": "Cipher signed a 10-year agreement to host 168 MW of critical IT load for Fluidstack at Barber Lake, Texas, worth about $3 billion, with Google backstopping $1.4 billion of Fluidstack's obligations for about a 5.4% stake in Cipher. In September 2026 the lease was extended to 20 years after an unnamed leading AI lab committed to a follow-on term.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm", "label": "Cipher Mining signs 168 MW, 10-year AI hosting agreement with Fluidstack (Exhibit 99.1)", "publisher": "Cipher Mining via SEC EDGAR", "date": "2025-09-25", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm", "label": "Cipher Mining release (Google backstop)", "publisher": "Cipher Mining via SEC EDGAR", "date": "2025-09-25", "kind": "filing" } ], "related": [ "fluidstack-terawulf-2025-08", "aws-cipher-2025-11" ], "updates": [ { "date": "2025-11-20", "text": "Cipher signed an additional 56 MW, 10-year hosting agreement with Fluidstack.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm" }, { "date": "2026-09-25", "text": "Barber Lake lease term extended to 20 years, raising contracted revenue to over $9 billion, with a leading AI lab committed to the added 10-year term.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000043/barberlakeleaseamendmentpr.htm" } ] }, { "id": "openai-coreweave-2025-09", "date": "2025-09-25", "buyer": "OpenAI", "provider": "CoreWeave", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 6500000000, "basis": "up-to", "text": "up to approximately $6.5 billion through May 31, 2031" }, "termYears": null, "startDate": null, "status": "signed", "summary": "CoreWeave and OpenAI signed a new order form under which OpenAI committed to pay up to about $6.5 billion through May 31, 2031 for reserved cloud capacity. CoreWeave said this brought its total contract value with OpenAI to about $22.4 billion.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000119312525216497/d17274d8k.htm", "label": "CoreWeave Form 8-K (September 25, 2025)", "publisher": "CoreWeave via SEC EDGAR", "date": "2025-09-25", "kind": "filing" }, { "url": "https://www.businesswire.com/news/home/20250925146487/en", "label": "CoreWeave Expands Agreement with OpenAI by up to $6.5B", "publisher": "CoreWeave (Business Wire)", "date": "2025-09-25", "kind": "primary" } ], "related": [ "openai-coreweave-2025-03" ], "updates": [] }, { "id": "meta-coreweave-2025-09", "date": "2025-09-30", "buyer": "Meta", "provider": "CoreWeave", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 14200000000, "basis": "up-to", "text": "up to approximately $14.2 billion through December 14, 2031" }, "termYears": null, "startDate": null, "status": "amended", "summary": "Meta committed to pay CoreWeave up to about $14.2 billion for cloud capacity through December 14, 2031, with an option to expand through 2032. Meta exercised that option as part of a roughly $21 billion expanded agreement in April 2026.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000050/crwv-20250925.htm", "label": "CoreWeave Form 8-K (September 30, 2025)", "publisher": "CoreWeave via SEC EDGAR", "date": "2025-09-30", "kind": "filing" } ], "related": [ "meta-coreweave-2026-04" ], "updates": [ { "date": "2026-04-09", "text": "CoreWeave announced an expanded agreement with Meta worth about $21 billion through December 2032, including exercise of the earlier option.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000154/ex991.htm" } ] }, { "id": "xai-nvidia-spv-2025-10", "date": "2025-10", "buyer": "xAI", "provider": "NVIDIA", "otherParties": [ "Apollo Global Management", "Diameter Capital Partners", "Valor Capital" ], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 20000000000, "basis": "reported", "text": "about $7.5 billion in equity and up to $12.5 billion in debt" }, "termYears": 5, "startDate": null, "status": "reported", "summary": "Bloomberg reported that xAI was raising about $20 billion through a special-purpose vehicle that would buy NVIDIA chips and lease them to xAI for five years for its Colossus 2 data center, with NVIDIA investing about $2 billion of the equity. The companies did not confirm the structure.", "operatorStated": false, "sources": [ { "url": "https://finance.yahoo.com/news/elon-musk-xai-raise-20-124933356.html", "label": "Elon Musk's xAI to raise $20 billion using special Nvidia-backed structure", "publisher": "Quartz (citing Bloomberg), via Yahoo Finance", "date": "2025-10-08", "kind": "press" } ], "related": [ "xai-morgan-stanley-2025-06", "xai-series-e-2026-01" ], "updates": [] }, { "id": "openai-samsung-sk-hynix-2025-10", "date": "2025-10-01", "buyer": "OpenAI", "provider": "Samsung Electronics", "otherParties": [ "SK hynix", "Samsung SDS", "Samsung C&T", "Samsung Heavy Industries" ], "kind": "chip-supply", "chips": [ "DRAM (HBM) memory" ], "capacity": { "gw": null, "units": 900000, "unitLabel": "DRAM wafers per month (OpenAI's projected memory demand)" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "announced", "summary": "OpenAI signed letters of intent with Samsung and SK in Seoul under which Samsung Electronics and SK hynix will supply memory for Stargate; Samsung said OpenAI's memory demand is projected to reach up to 900,000 DRAM wafers per month. The letters also cover data center work in South Korea.", "operatorStated": true, "sources": [ { "url": "https://news.samsung.com/global/samsung-and-openai-announce-strategic-partnership-to-accelerate-advancements-in-global-ai-infrastructure", "label": "Samsung and OpenAI Announce Strategic Partnership to Accelerate Advancements in Global AI Infrastructure", "publisher": "Samsung Electronics", "date": "2025-10-01", "kind": "primary" }, { "url": "https://techcrunch.com/2025/10/01/openai-ropes-in-samsung-sk-hynix-to-source-memory-chips-for-stargate/", "label": "OpenAI ropes in Samsung, SK Hynix to source memory chips for Stargate", "publisher": "TechCrunch", "date": "2025-10-01", "kind": "press" } ], "related": [ "openai-stargate-2025-01" ], "updates": [] }, { "id": "openai-amd-2025-10", "date": "2025-10-06", "buyer": "OpenAI", "provider": "AMD", "otherParties": [], "kind": "chip-supply", "chips": [ "AMD MI450" ], "capacity": { "gw": 6, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": "warrant for up to 160 million shares of AMD common stock" }, "termYears": null, "startDate": "2026", "status": "signed", "summary": "AMD and OpenAI signed a definitive agreement for OpenAI to deploy 6 GW of AMD Instinct GPUs over multiple generations, starting with 1 GW of MI450 GPUs in the second half of 2026. AMD issued OpenAI a warrant for up to 160 million AMD shares that vests as deployment milestones are met; AMD's CFO said the partnership is expected to deliver tens of billions of dollars in revenue.", "operatorStated": true, "sources": [ { "url": "https://www.amd.com/en/newsroom/press-releases/2025-10-6-amd-and-openai-announce-strategic-partnership-to-d.html", "label": "AMD and OpenAI Announce Partnership to Deploy 6 Gigawatts of AMD GPUs", "publisher": "AMD", "date": "2025-10-06", "kind": "primary" }, { "url": "https://www.amd.com/en/newsroom/press-releases/2025-10-6-amd-and-openai-announce-strategic-partnership-to-d.html", "label": "AMD and OpenAI Announce Partnership to Deploy 6 Gigawatts of AMD GPUs (warrant terms)", "publisher": "AMD", "date": "2025-10-06", "kind": "primary" } ], "related": [ "openai-nvidia-2025-09", "openai-broadcom-2025-10" ], "updates": [] }, { "id": "openai-stargate-argentina-2025-10", "date": "2025-10-10", "buyer": "OpenAI", "provider": "Sur Energy", "otherParties": [], "kind": "data-center", "chips": [], "capacity": { "gw": 0.5, "units": null, "unitLabel": null }, "value": { "usd": 25000000000, "basis": "up-to", "text": "up to $25 billion in investment at full scale" }, "termYears": null, "startDate": null, "status": "announced", "summary": "Sur Energy and OpenAI signed a letter of intent for Stargate Argentina, a data center project of up to 500 MW involving up to $25 billion of investment at full scale under Argentina's RIGI investment regime. In May 2026 the Buenos Aires Times reported the project had not yet been presented to the government.", "operatorStated": true, "sources": [ { "url": "https://www.sur.energy/press-release", "label": "Stargate Argentina press release", "publisher": "Sur Energy", "date": "2025-10-10", "kind": "primary" }, { "url": "https://www.sur.energy/press-release", "label": "Stargate Argentina press release (investment)", "publisher": "Sur Energy", "date": "2025-10-10", "kind": "primary" } ], "related": [ "openai-stargate-2025-01" ], "updates": [ { "date": "2026-05-28", "text": "Buenos Aires Times reported that more than six months on, the project had not been presented to the government.", "sourceUrl": "https://batimes.com.ar/news/economy/chau-gpt-no-trace-of-mega-billion-dollar-ai-project-announced-before-elections.phtml" } ] }, { "id": "openai-broadcom-2025-10", "date": "2025-10-13", "buyer": "OpenAI", "provider": "Broadcom", "otherParties": [], "kind": "chip-supply", "chips": [ "OpenAI-designed custom accelerator" ], "capacity": { "gw": 10, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2026", "status": "announced", "summary": "OpenAI and Broadcom signed a term sheet to deploy 10 GW of OpenAI-designed AI accelerators with Broadcom networking, in racks targeted to start deploying in the second half of 2026 and finish by the end of 2029. No dollar value was disclosed.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/openai-and-broadcom-announce-strategic-collaboration/", "label": "OpenAI and Broadcom announce strategic collaboration to deploy 10 gigawatts of OpenAI-designed AI accelerators", "publisher": "OpenAI", "date": "2025-10-13", "kind": "primary" }, { "url": "https://openai.com/index/openai-and-broadcom-announce-strategic-collaboration/", "label": "OpenAI and Broadcom announcement (term sheet)", "publisher": "OpenAI", "date": "2025-10-13", "kind": "primary" } ], "related": [ "openai-nvidia-2025-09", "openai-amd-2025-10" ], "updates": [] }, { "id": "microsoft-nscale-2025-10", "date": "2025-10-15", "buyer": "Microsoft", "provider": "Nscale", "otherParties": [ "Dell Technologies", "Aker" ], "kind": "cloud-capacity", "chips": [ "NVIDIA GB300" ], "capacity": { "gw": null, "units": 200000, "unitLabel": "NVIDIA GB300 GPUs (approximately)" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2026", "status": "in-progress", "summary": "Nscale signed an expanded deal to provide Microsoft with about 200,000 NVIDIA GB300 GPUs across Texas, Portugal, the UK and Norway, including about 104,000 GPUs at a roughly 240 MW Texas campus from Q3 2026. No contract value was disclosed.", "operatorStated": true, "sources": [ { "url": "https://www.nscale.com/press-releases/nscale-microsoft-2025", "label": "Nscale Contracts Approximately 200,000 NVIDIA GB300 GPUs with Microsoft", "publisher": "Nscale", "date": "2025-10-15", "kind": "primary" } ], "related": [ "microsoft-nscale-2026-04", "openai-stargate-norway-2025-07", "microsoft-nebius-2025-09", "microsoft-iren-2025-11", "microsoft-lambda-2025-11", "microsoft-nscale-2026-05" ], "updates": [] }, { "id": "meta-blue-owl-2025-10", "date": "2025-10-21", "buyer": "Meta", "provider": "Blue Owl Capital", "otherParties": [ "PIMCO" ], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 27000000000, "basis": "investment", "text": "approximately $27 billion in total development costs" }, "termYears": 4, "startDate": null, "status": "in-progress", "summary": "Meta and funds managed by Blue Owl formed a joint venture, 80% Blue Owl and 20% Meta, to develop and own the Hyperion data center campus in Richland Parish, Louisiana, with about $27 billion in total development costs, partly funded by debt sold to PIMCO and other bond investors. Meta leases the campus on four-year initial terms with extension options and a 16-year residual value guarantee.", "operatorStated": true, "sources": [ { "url": "https://about.fb.com/news/2025/10/meta-blue-owl-capital-develop-hyperion-data-center/", "label": "Meta Announces Joint Venture With Funds Managed by Blue Owl Capital to Develop Hyperion Data Center", "publisher": "Meta", "date": "2025-10-21", "kind": "primary" }, { "url": "https://about.fb.com/news/2025/10/meta-blue-owl-capital-develop-hyperion-data-center/", "label": "Meta-Blue Owl Hyperion joint venture (development cost)", "publisher": "Meta", "date": "2025-10-21", "kind": "primary" } ], "related": [ "meta-blackrock-2026-07" ], "updates": [ { "date": "2026-07-13", "text": "Meta said it is expanding the Richland Parish, Louisiana data center to 5 GW of compute capacity.", "sourceUrl": "https://about.fb.com/news/2026/07/teachers-local-businesses-win-as-meta-expands-louisiana-data-center/" } ] }, { "id": "openai-stargate-wisconsin-2025-10", "date": "2025-10-22", "buyer": "OpenAI", "provider": "Oracle", "otherParties": [ "Vantage Data Centers" ], "kind": "data-center", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 15000000000, "basis": "investment", "text": "Vantage's $15B+ investment in Port Washington" }, "termYears": null, "startDate": null, "status": "announced", "summary": "OpenAI, Oracle and Vantage Data Centers announced a Stargate campus in Port Washington, Wisconsin, with four data centers providing close to a gigawatt of AI capacity and completion scheduled for 2028. The site is part of the 4.5 GW Oracle partnership.", "operatorStated": true, "sources": [ { "url": "https://vantage-dc.com/news/openai-oracle-and-vantage-data-centers-announce-stargate-data-center-site-in-wisconsin/", "label": "OpenAI, Oracle and Vantage Data Centers Announce Stargate Data Center Site in Wisconsin", "publisher": "Vantage Data Centers", "date": "2025-10-22", "kind": "primary" }, { "url": "https://vantage-dc.com/news/openai-oracle-and-vantage-data-centers-announce-stargate-data-center-site-in-wisconsin/", "label": "Vantage announcement (investment)", "publisher": "Vantage Data Centers", "date": "2025-10-22", "kind": "primary" } ], "related": [ "openai-oracle-2025-07", "openai-stargate-sites-2025-09" ], "updates": [] }, { "id": "anthropic-google-2025-10", "date": "2025-10-23", "buyer": "Anthropic", "provider": "Google Cloud", "otherParties": [], "kind": "cloud-capacity", "chips": [ "Google TPU" ], "capacity": { "gw": null, "units": 1000000, "unitLabel": "Google TPUs (up to)" }, "value": { "usd": null, "basis": null, "text": "worth tens of billions of dollars" }, "termYears": null, "startDate": "2026", "status": "in-progress", "summary": "Anthropic said it would expand its use of Google Cloud to up to one million TPUs, an expansion worth tens of billions of dollars that is expected to bring well over a gigawatt of capacity online in 2026.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/expanding-our-use-of-google-cloud-tpus-and-services", "label": "Expanding our use of Google Cloud TPUs and Services", "publisher": "Anthropic", "date": "2025-10-23", "kind": "primary" }, { "url": "https://www.anthropic.com/news/expanding-our-use-of-google-cloud-tpus-and-services", "label": "Expanding our use of Google Cloud TPUs and Services (TPU count)", "publisher": "Anthropic", "date": "2025-10-23", "kind": "primary" } ], "related": [ "anthropic-google-broadcom-2026-04", "anthropic-broadcom-2025-12" ], "updates": [] }, { "id": "google-nextera-2025-10", "date": "2025-10-27", "buyer": "Google", "provider": "NextEra Energy", "otherParties": [], "kind": "power", "chips": [], "capacity": { "gw": 0.615, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": 25, "startDate": "2029", "status": "signed", "summary": "NextEra Energy agreed with Google to restart the Duane Arnold nuclear plant in Iowa, with Google buying 615 MW of its output for 25 years from the restart, expected in the first quarter of 2029.", "operatorStated": true, "sources": [ { "url": "https://www.investor.nexteraenergy.com/news-and-events/news-releases/2025/10-27-2025-203948689", "label": "NextEra Energy and Google Announce New Collaboration to Accelerate Nuclear Energy Deployment in the U.S.", "publisher": "NextEra Energy", "date": "2025-10-27", "kind": "primary" } ], "related": [], "updates": [] }, { "id": "openai-microsoft-2025-10", "date": "2025-10-28", "buyer": "OpenAI", "provider": "Microsoft", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 250000000000, "basis": "contract-value", "text": "an incremental $250B of Azure services" }, "termYears": null, "startDate": null, "status": "signed", "summary": "Under a restructured partnership, OpenAI contracted to purchase an incremental $250 billion of Azure services, and Microsoft gave up its right of first refusal to be OpenAI's compute provider. No term length for the commitment was stated.", "operatorStated": true, "sources": [ { "url": "https://blogs.microsoft.com/blog/2025/10/28/the-next-chapter-of-the-microsoft-openai-partnership/", "label": "The next chapter of the Microsoft-OpenAI partnership", "publisher": "Microsoft", "date": "2025-10-28", "kind": "primary" } ], "related": [ "openai-microsoft-2023-01", "openai-microsoft-2025-01" ], "updates": [] }, { "id": "openai-stargate-michigan-2025-10", "date": "2025-10-30", "buyer": "OpenAI", "provider": "Oracle", "otherParties": [ "Related Digital" ], "kind": "data-center", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": "investment", "text": "multi-billion dollar investment" }, "termYears": null, "startDate": null, "status": "announced", "summary": "OpenAI, Oracle and Related Digital announced a Stargate campus of more than a gigawatt in Saline Township, Michigan, developed exclusively for Oracle, with construction expected to begin in early 2026. The site is part of the 4.5 GW Oracle partnership.", "operatorStated": true, "sources": [ { "url": "https://www.related.com/press-releases/2025-10-30/openai-oracle-and-related-digital-announce-stargate-data-center-site", "label": "OpenAI, Oracle and Related Digital announce Stargate data center site in Michigan", "publisher": "Related Companies", "date": "2025-10-30", "kind": "primary" } ], "related": [ "openai-oracle-2025-07" ], "updates": [] }, { "id": "aws-cipher-2025-11", "date": "2025-11-03", "buyer": "Amazon Web Services", "provider": "Cipher Mining", "otherParties": [], "kind": "data-center", "chips": [], "capacity": { "gw": 0.3, "units": null, "unitLabel": null }, "value": { "usd": 5500000000, "basis": "contract-value", "text": "~$5.5Bn Estimated Contract Value" }, "termYears": 15, "startDate": "2026-08", "status": "signed", "summary": "Cipher signed a 15-year lease with Amazon Web Services to provide 300 MW of gross capacity for AI workloads, delivered in two phases in 2026, with an estimated contract value of about $5.5 billion.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998925000110/ciphermining_businessupd.htm", "label": "Cipher Mining third quarter business update (Exhibit)", "publisher": "Cipher Mining via SEC EDGAR", "date": "2025-11-03", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998925000110/ciphermining_businessupd.htm", "label": "Cipher Mining business update (terms)", "publisher": "Cipher Mining via SEC EDGAR", "date": "2025-11-03", "kind": "filing" } ], "related": [ "fluidstack-cipher-2025-09" ], "updates": [] }, { "id": "microsoft-iren-2025-11", "date": "2025-11-03", "buyer": "Microsoft", "provider": "IREN", "otherParties": [ "Dell Technologies" ], "kind": "cloud-capacity", "chips": [ "NVIDIA GB300" ], "capacity": { "gw": 0.2, "units": null, "unitLabel": null }, "value": { "usd": 9700000000, "basis": "contract-value", "text": "a total contract value of approximately $9.7 billion, including a 20% prepayment" }, "termYears": 5, "startDate": null, "status": "in-progress", "summary": "IREN agreed to give Microsoft access to NVIDIA GB300 GPUs over five years for about $9.7 billion including a 20% prepayment, deployed in phases through 2026 at its Childress, Texas campus in new data centers supporting 200 MW of IT load. IREN agreed to buy the GPUs and equipment from Dell for about $5.8 billion.", "operatorStated": true, "sources": [ { "url": "https://irisenergy.gcs-web.com/news-releases/news-release-details/iren-secures-97bn-ai-cloud-contract-microsoft", "label": "IREN Secures $9.7bn AI Cloud Contract with Microsoft", "publisher": "IREN", "date": "2025-11-03", "kind": "primary" } ], "related": [ "microsoft-nebius-2025-09", "microsoft-nscale-2025-10", "microsoft-lambda-2025-11" ], "updates": [] }, { "id": "microsoft-lambda-2025-11", "date": "2025-11-03", "buyer": "Microsoft", "provider": "Lambda", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA GB300" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": "multibillion-dollar agreement" }, "termYears": null, "startDate": null, "status": "signed", "summary": "Lambda signed a multibillion-dollar, multi-year agreement to deploy AI infrastructure for Microsoft powered by tens of thousands of NVIDIA GPUs, including GB300 NVL72 systems. The exact value and GPU count were not disclosed.", "operatorStated": true, "sources": [ { "url": "https://lambda.ai/blog/lambda-announces-multibillion-dollar-agreement-with-microsoft-to-deploy-ai-infrastructure-powered-by-tens-of-thousands-of-nvidia-gpus", "label": "Lambda Announces Multibillion-Dollar Agreement With Microsoft", "publisher": "Lambda", "date": "2025-11-03", "kind": "primary" } ], "related": [ "microsoft-nebius-2025-09", "microsoft-nscale-2025-10", "microsoft-iren-2025-11", "nvidia-lambda-2025-09" ], "updates": [] }, { "id": "openai-aws-2025-11", "date": "2025-11-03", "buyer": "OpenAI", "provider": "Amazon Web Services", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA GB200", "NVIDIA GB300" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 38000000000, "basis": "contract-value", "text": "$38 billion agreement, which will have continued growth over the next seven years" }, "termYears": 7, "startDate": "2025-11", "status": "in-progress", "summary": "AWS and OpenAI signed a $38 billion multi-year agreement giving OpenAI access to hundreds of thousands of NVIDIA GB200 and GB300 GPUs on Amazon EC2 UltraServers, with all capacity targeted for deployment before the end of 2026. The agreement was expanded by $100 billion in February 2026.", "operatorStated": true, "sources": [ { "url": "https://www.aboutamazon.com/news/aws/aws-open-ai-workloads-compute-infrastructure", "label": "AWS and OpenAI announce multi-year strategic partnership", "publisher": "Amazon", "date": "2025-11-03", "kind": "primary" } ], "related": [ "openai-amazon-2026-02" ], "updates": [] }, { "id": "meta-nebius-2025-11", "date": "2025-11-11", "buyer": "Meta", "provider": "Nebius", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 3000000000, "basis": "contract-value", "text": "approximately $3 billion over 5 years" }, "termYears": 5, "startDate": null, "status": "signed", "summary": "Nebius disclosed with its third-quarter 2025 results a new agreement to deliver AI infrastructure to Meta valued at about $3 billion over five years.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925109806/tm2530882d1_ex99-1.htm", "label": "Nebius reports third quarter financial results (Exhibit 99.1)", "publisher": "Nebius via SEC EDGAR", "date": "2025-11-11", "kind": "filing" } ], "related": [ "meta-nebius-2026-03" ], "updates": [] }, { "id": "anthropic-fluidstack-2025-11", "date": "2025-11-12", "buyer": "Anthropic", "provider": "Fluidstack", "otherParties": [], "kind": "data-center", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 50000000000, "basis": "investment", "text": "a $50 billion investment in American computing infrastructure" }, "termYears": null, "startDate": "2026", "status": "in-progress", "summary": "Anthropic announced a $50 billion investment in US computing infrastructure, building custom data centers with Fluidstack in Texas and New York, with sites coming online through 2026 and more sites to come.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/anthropic-invests-50-billion-in-american-ai-infrastructure", "label": "Anthropic invests $50 billion in American AI infrastructure", "publisher": "Anthropic", "date": "2025-11-12", "kind": "primary" } ], "related": [ "anthropic-google-broadcom-2026-04", "anthropic-hut8-2025-12", "anthropic-terawulf-2026-07", "anthropic-amd-2026-07" ], "updates": [ { "date": "2026-04-06", "text": "Anthropic said the Google and Broadcom TPU deal, mostly sited in the US, is a major expansion of this $50 billion commitment.", "sourceUrl": "https://www.anthropic.com/news/google-broadcom-partnership-compute" } ] }, { "id": "anthropic-microsoft-nvidia-2025-11", "date": "2025-11-18", "buyer": "Anthropic", "provider": "Microsoft", "otherParties": [ "NVIDIA" ], "kind": "equity-and-compute", "chips": [ "NVIDIA Grace Blackwell", "NVIDIA Vera Rubin" ], "capacity": { "gw": 1, "units": null, "unitLabel": null }, "value": { "usd": 30000000000, "basis": "contract-value", "text": "$30 billion of Azure compute capacity" }, "termYears": null, "startDate": null, "status": "signed", "summary": "Anthropic committed to buy $30 billion of Azure compute capacity and to contract up to 1 GW of additional capacity on NVIDIA Grace Blackwell and Vera Rubin systems. NVIDIA and Microsoft committed to invest up to $10 billion and up to $5 billion in Anthropic.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships", "label": "Microsoft, NVIDIA and Anthropic announce strategic partnerships", "publisher": "Anthropic", "date": "2025-11-18", "kind": "primary" }, { "url": "https://blogs.microsoft.com/blog/2025/11/18/microsoft-nvidia-and-anthropic-announce-strategic-partnerships/", "label": "Microsoft, NVIDIA and Anthropic announce strategic partnerships", "publisher": "Microsoft", "date": "2025-11-18", "kind": "primary" } ], "related": [ "anthropic-google-2025-10", "anthropic-fluidstack-2025-11" ], "updates": [] }, { "id": "humain-nvidia-2025-11", "date": "2025-11-19", "buyer": "HUMAIN", "provider": "NVIDIA", "otherParties": [ "Global AI", "xAI", "Amazon Web Services" ], "kind": "chip-supply", "chips": [ "NVIDIA GB300" ], "capacity": { "gw": null, "units": 600000, "unitLabel": "NVIDIA GPUs (up to)" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": 3, "startDate": null, "status": "announced", "summary": "HUMAIN expanded its NVIDIA partnership with plans to deploy up to 600,000 NVIDIA GPUs, including GB300 systems, in Saudi Arabia and the US over three years. The same announcement covered a 500 MW xAI data center and an AWS AI Zone in Riyadh with up to 150,000 NVIDIA GPUs.", "operatorStated": true, "sources": [ { "url": "https://www.prnewswire.com/news-releases/humain-expands-strategic-partnership-with-nvidia-advancing-global-ai-infrastructure-with-xai-global-ai-and-aws-at-the-us-saudi-investment-forum-302620854.html", "label": "HUMAIN Expands Strategic Partnership with NVIDIA", "publisher": "HUMAIN (PR Newswire)", "date": "2025-11-19", "kind": "primary" } ], "related": [ "humain-nvidia-2025-05", "xai-humain-2025-11" ], "updates": [] }, { "id": "xai-humain-2025-11", "date": "2025-11-19", "buyer": "xAI", "provider": "HUMAIN", "otherParties": [ "NVIDIA" ], "kind": "data-center", "chips": [ "NVIDIA GB300" ], "capacity": { "gw": 0.5, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "announced", "summary": "HUMAIN and xAI agreed to jointly develop a network of data centers in Saudi Arabia anchored by a flagship facility of 500 MW or more, xAI's first large deployment outside the US.", "operatorStated": true, "sources": [ { "url": "https://www.prnewswire.com/news-releases/humain-expands-strategic-partnership-with-nvidia-advancing-global-ai-infrastructure-with-xai-global-ai-and-aws-at-the-us-saudi-investment-forum-302620854.html", "label": "HUMAIN Expands Strategic Partnership with NVIDIA", "publisher": "HUMAIN (PR Newswire)", "date": "2025-11-19", "kind": "primary" } ], "related": [ "humain-nvidia-2025-11", "humain-nvidia-2025-05" ], "updates": [] }, { "id": "anthropic-broadcom-2025-12", "date": "2025-12-11", "buyer": "Anthropic", "provider": "Broadcom", "otherParties": [ "Google" ], "kind": "chip-supply", "chips": [ "Google TPU Ironwood" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 21000000000, "basis": "contract-value", "text": "a $10 billion order to sell the latest TPU ironwood racks to Anthropic; an additional $11 billion order from this same customer" }, "termYears": null, "startDate": "2026", "status": "signed", "summary": "Broadcom said on its December 2025 earnings call that Anthropic was the customer behind a $10 billion order for Google TPU Ironwood racks disclosed in September 2025, and that Anthropic placed a further $11 billion order for delivery in late 2026. Press reports in September 2025 had attributed the $10 billion order to OpenAI.", "operatorStated": true, "sources": [ { "url": "https://finance.yahoo.com/news/broadcom-avgo-q4-2025-earnings-135844579.html", "label": "Broadcom (AVGO) Q4 2025 earnings call transcript", "publisher": "The Motley Fool (via Yahoo Finance)", "date": "2025-12-12", "kind": "primary" }, { "url": "https://finance.yahoo.com/news/broadcom-avgo-q4-2025-earnings-135844579.html", "label": "Broadcom (AVGO) Q4 2025 earnings call transcript (second order)", "publisher": "The Motley Fool (via Yahoo Finance)", "date": "2025-12-12", "kind": "primary" }, { "url": "https://www.trendforce.com/news/2025/09/05/news-broadcom-reportedly-secures-10b-custom-ai-chip-order-from-new-client-lifts-2026-ai-sales-forecast/", "label": "Broadcom Reportedly Secures $10B Custom AI Chip Order", "publisher": "TrendForce", "date": "2025-09-05", "kind": "press" } ], "related": [ "anthropic-google-2025-10", "anthropic-google-broadcom-2026-04", "anthropic-broadcom-2026-10" ], "updates": [] }, { "id": "anthropic-hut8-2025-12", "date": "2025-12-17", "buyer": "Anthropic", "provider": "Hut 8", "otherParties": [ "Fluidstack", "Google" ], "kind": "data-center", "chips": [], "capacity": { "gw": 0.245, "units": null, "unitLabel": null }, "value": { "usd": 7000000000, "basis": "contract-value", "text": "a 15-year, $7.0 billion lease" }, "termYears": 15, "startDate": "2027", "status": "signed", "summary": "Hut 8 agreed to develop at least 245 MW and up to 2,295 MW of AI data center capacity for Anthropic, starting with a 15-year, $7.0 billion lease to Fluidstack for 245 MW at River Bend, Louisiana, backstopped by Google. Anthropic said the capacity is an expansion of its work with Fluidstack and should come online by early 2027.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465925122052/hut-20251217xex99d1.htm", "label": "Hut 8 Signs 15-Year, 245 MW AI Data Center Lease at River Bend Campus (Exhibit 99.1)", "publisher": "Hut 8 via SEC EDGAR", "date": "2025-12-17", "kind": "filing" }, { "url": "https://canada.hut8.com/resources/press-releases/hut-8-announces-ai-infrastructure-partnership-with-anthropic-and-fluidstack", "label": "Hut 8 Announces AI Infrastructure Partnership with Anthropic and Fluidstack", "publisher": "Hut 8", "date": "2025-12-17", "kind": "primary" } ], "related": [ "anthropic-fluidstack-2025-11", "fluidstack-terawulf-2025-08" ], "updates": [] }, { "id": "xai-series-e-2026-01", "date": "2026-01-06", "buyer": "xAI", "provider": "Series E investors", "otherParties": [ "NVIDIA", "Cisco Investments" ], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 20000000000, "basis": "investment", "text": "raised $20 billion" }, "termYears": null, "startDate": null, "status": "signed", "summary": "xAI closed an upsized $20 billion Series E with NVIDIA and Cisco Investments as strategic investors backing its compute buildout, saying Colossus I and II ended 2025 with over one million H100 GPU equivalents. The equity and debt split was not disclosed by xAI.", "operatorStated": true, "sources": [ { "url": "https://x.ai/news/series-e", "label": "xAI Raises $20B Series E", "publisher": "xAI", "date": "2026-01-06", "kind": "primary" } ], "related": [ "xai-nvidia-spv-2025-10", "xai-morgan-stanley-2025-06" ], "updates": [] }, { "id": "meta-nuclear-2026-01", "date": "2026-01-09", "buyer": "Meta", "provider": "Vistra", "otherParties": [ "TerraPower", "Oklo" ], "kind": "power", "chips": [], "capacity": { "gw": 6.6, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "signed", "summary": "Meta announced nuclear agreements with Vistra, TerraPower and Oklo supporting up to 6.6 GW of new and existing capacity by 2035, including 20-year Vistra PPAs for 2,176 MW, funding for up to eight TerraPower Natrium reactors and a 1.2 GW Oklo campus in Pike County, Ohio. The power supports grids serving Meta's Prometheus cluster in Ohio.", "operatorStated": true, "sources": [ { "url": "https://world-nuclear-news.org/articles/meta-announces-landmark-agreements-for-new-nuclear", "label": "Meta announces 'landmark' agreements for new nuclear", "publisher": "World Nuclear News", "date": "2026-01-09", "kind": "press" } ], "related": [], "updates": [] }, { "id": "openai-sb-energy-2026-01", "date": "2026-01-09", "buyer": "OpenAI", "provider": "SB Energy", "otherParties": [ "SoftBank Group" ], "kind": "data-center", "chips": [], "capacity": { "gw": 1.2, "units": null, "unitLabel": null }, "value": { "usd": 1000000000, "basis": "investment", "text": "OpenAI and SoftBank Group are each investing $500 million into SB Energy" }, "termYears": null, "startDate": null, "status": "signed", "summary": "OpenAI and SoftBank Group each invested $500 million in SB Energy, and OpenAI signed a 1.2 GW data center lease with SB Energy, which will build and operate OpenAI's Stargate site in Milam County, Texas.", "operatorStated": true, "sources": [ { "url": "https://sbenergy.com/openai-and-softbank-group-partner-with-sb-energy/", "label": "OpenAI and SoftBank Group partner with SB Energy", "publisher": "SB Energy", "date": "2026-01-09", "kind": "primary" }, { "url": "https://sbenergy.com/openai-and-softbank-group-partner-with-sb-energy/", "label": "SB Energy announcement (investment)", "publisher": "SB Energy", "date": "2026-01-09", "kind": "primary" } ], "related": [ "openai-stargate-sites-2025-09", "openai-stargate-2025-01" ], "updates": [] }, { "id": "openai-cerebras-2026-01", "date": "2026-01-14", "buyer": "OpenAI", "provider": "Cerebras", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": 0.75, "units": null, "unitLabel": null }, "value": { "usd": 20000000000, "basis": "contract-value", "text": "more than $20 billion" }, "termYears": 3, "startDate": null, "status": "signed", "summary": "OpenAI agreed to buy up to 750 MW of low-latency inference compute from Cerebras over three years, delivered from Cerebras-built or leased data centers in tranches through 2028. Reuters first reported the deal at more than $10 billion; Cerebras's IPO prospectus of May 2026 values it at more than $20 billion.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/cerebras-partnership/", "label": "OpenAI partners with Cerebras", "publisher": "OpenAI", "date": "2026-01-14", "kind": "primary" }, { "url": "https://finance.yahoo.com/news/openai-buy-compute-capacity-startup-200619645.html", "label": "OpenAI signs $10 billion computing deal with Nvidia challenger Cerebras", "publisher": "Reuters (via Yahoo Finance)", "date": "2026-01-14", "kind": "press" }, { "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026029503/cerebras-sx1amay2026.htm", "label": "Cerebras Systems registration statement (Form S-1/A)", "publisher": "Cerebras Systems (SEC filing)", "date": "2026-05-04", "kind": "filing" } ], "related": [], "updates": [] }, { "id": "coreweave-nvidia-2026-01", "date": "2026-01-26", "buyer": "CoreWeave", "provider": "NVIDIA", "otherParties": [], "kind": "financing", "chips": [], "capacity": { "gw": 5, "units": null, "unitLabel": null }, "value": { "usd": 2000000000, "basis": "investment", "text": "NVIDIA has invested $2 billion in CoreWeave Class A common stock" }, "termYears": null, "startDate": null, "status": "signed", "summary": "NVIDIA bought $2 billion of CoreWeave stock at $87.20 per share and the two companies expanded their collaboration to help CoreWeave build more than 5 GW of AI factories by 2030 on NVIDIA platforms.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000044/ex991pressrelease_final.htm", "label": "NVIDIA and CoreWeave Strengthen Collaboration to Accelerate Buildout of AI Factories (Exhibit 99.1)", "publisher": "CoreWeave and NVIDIA via SEC EDGAR", "date": "2026-01-26", "kind": "filing" } ], "related": [ "nvidia-coreweave-2025-09" ], "updates": [] }, { "id": "meta-nvidia-2026-02", "date": "2026-02-17", "buyer": "Meta", "provider": "NVIDIA", "otherParties": [], "kind": "chip-supply", "chips": [ "NVIDIA Blackwell", "NVIDIA Rubin", "NVIDIA Grace" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "signed", "summary": "NVIDIA and Meta announced a multiyear, multigenerational partnership covering millions of NVIDIA Blackwell and Rubin GPUs, standalone Grace CPUs and Spectrum-X Ethernet switches across Meta's own data centers and NVIDIA cloud partners. No financial terms were disclosed.", "operatorStated": true, "sources": [ { "url": "https://nvidianews.nvidia.com/news/meta-builds-ai-infrastructure-with-nvidia", "label": "Meta's AI Roadmap Supported by Large-Scale Deployment of NVIDIA CPUs, Networking and Millions of NVIDIA Blackwell and Rubin GPUs", "publisher": "NVIDIA", "date": "2026-02-17", "kind": "primary" } ], "related": [ "meta-amd-2026-02" ], "updates": [] }, { "id": "openai-tata-2026-02", "date": "2026-02-19", "buyer": "OpenAI", "provider": "Tata Consultancy Services (HyperVault)", "otherParties": [ "Tata Group" ], "kind": "data-center", "chips": [], "capacity": { "gw": 0.1, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "announced", "summary": "OpenAI said it will become the first customer of TCS's HyperVault data center business in India under its Stargate initiative, starting with 100 MW of capacity with potential to scale to 1 GW over time. No financial terms were disclosed.", "operatorStated": true, "sources": [ { "url": "https://www.outlookbusiness.com/corporate/openai-becomes-first-customer-of-tcs-data-centre-business-aims-1-gw-capacity-building", "label": "OpenAI Becomes First Customer of TCS Data Centre Business, Aims 1 GW Capacity Building", "publisher": "Outlook Business", "date": "2026-02-19", "kind": "press" } ], "related": [ "openai-stargate-2025-01" ], "updates": [] }, { "id": "meta-amd-2026-02", "date": "2026-02-24", "buyer": "Meta", "provider": "AMD", "otherParties": [], "kind": "chip-supply", "chips": [ "AMD MI450" ], "capacity": { "gw": 6, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": "performance-based warrant for up to 160 million shares of AMD common stock" }, "termYears": null, "startDate": "2026", "status": "signed", "summary": "AMD and Meta signed a definitive multi-year agreement for Meta to deploy up to 6 GW of AMD Instinct GPUs, starting with shipments of a custom MI450-based GPU in Helios racks in the second half of 2026. AMD issued Meta a warrant for up to 160 million AMD shares that vests as shipments scale; no dollar value was disclosed.", "operatorStated": true, "sources": [ { "url": "https://newsroom.amd.com/news/amd-and-meta-announce-expanded-strategic-partnersh/", "label": "AMD, Meta Announce Expanded Strategic Partnership to Deploy 6 Gigawatts of AMD GPUs", "publisher": "AMD", "date": "2026-02-24", "kind": "primary" }, { "url": "https://newsroom.amd.com/news/amd-and-meta-announce-expanded-strategic-partnersh/", "label": "AMD-Meta release (warrant)", "publisher": "AMD", "date": "2026-02-24", "kind": "primary" } ], "related": [ "meta-nvidia-2026-02", "openai-amd-2025-10" ], "updates": [] }, { "id": "meta-google-tpu-2026-02", "date": "2026-02-26", "buyer": "Meta", "provider": "Google Cloud", "otherParties": [], "kind": "cloud-capacity", "chips": [ "Google TPU" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": "reported", "text": "multibillion-dollar deal" }, "termYears": null, "startDate": null, "status": "reported", "summary": "The Information reported that Meta agreed to a multibillion-dollar deal to rent Google Cloud TPUs for developing its AI models. Neither company announced terms.", "operatorStated": false, "sources": [ { "url": "https://siliconangle.com/2026/02/26/google-meta-reportedly-strike-new-multibillion-dollar-ai-chip-deal/", "label": "Google and Meta reportedly strike new, multibillion-dollar AI chip deal", "publisher": "SiliconANGLE (citing The Information)", "date": "2026-02-26", "kind": "press" } ], "related": [ "meta-google-cloud-2025-08" ], "updates": [] }, { "id": "openai-amazon-2026-02", "date": "2026-02-27", "buyer": "OpenAI", "provider": "Amazon Web Services", "otherParties": [ "Amazon" ], "kind": "equity-and-compute", "chips": [ "AWS Trainium3", "AWS Trainium4" ], "capacity": { "gw": 2, "units": null, "unitLabel": null }, "value": { "usd": 100000000000, "basis": "contract-value", "text": "expanding their existing $38 billion multi-year agreement by $100 billion over 8 years" }, "termYears": 8, "startDate": null, "status": "signed", "summary": "OpenAI and AWS expanded their $38 billion agreement by $100 billion over eight years, with OpenAI committing to consume about 2 GW of Trainium3 and Trainium4 capacity. Amazon also agreed to invest $50 billion in OpenAI, starting with $15 billion and adding $35 billion when certain conditions are met.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/amazon-partnership/", "label": "OpenAI and Amazon announce strategic partnership", "publisher": "OpenAI", "date": "2026-02-27", "kind": "primary" }, { "url": "https://openai.com/index/amazon-partnership/", "label": "OpenAI and Amazon announce strategic partnership (Trainium)", "publisher": "OpenAI", "date": "2026-02-27", "kind": "primary" }, { "url": "https://aboutamazon.com/news/aws/openai-amazon-partnership-explained", "label": "Amazon's $50 billion investment in OpenAI: What to know", "publisher": "Amazon", "date": "2026-02-27", "kind": "primary" } ], "related": [ "openai-aws-2025-11" ], "updates": [] }, { "id": "thinking-machines-nvidia-2026-03", "date": "2026-03-10", "buyer": "Thinking Machines Lab", "provider": "NVIDIA", "otherParties": [], "kind": "equity-and-compute", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": 1, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2027", "status": "signed", "summary": "Thinking Machines Lab said it struck a multi-year partnership with NVIDIA to procure at least 1 GW of Vera Rubin systems from early 2027, mainly for training, alongside a significant NVIDIA investment. Financial terms were not disclosed.", "operatorStated": true, "sources": [ { "url": "https://finance.yahoo.com/news/ai-startup-thinking-machines-clinches-130534049.html", "label": "AI startup Thinking Machines clinches capital and a major chip supply deal from Nvidia", "publisher": "Reuters (via Yahoo Finance)", "date": "2026-03-10", "kind": "press" } ], "related": [], "updates": [] }, { "id": "nebius-nvidia-2026-03", "date": "2026-03-11", "buyer": "Nebius", "provider": "NVIDIA", "otherParties": [], "kind": "financing", "chips": [], "capacity": { "gw": 5, "units": null, "unitLabel": null }, "value": { "usd": 2000000000, "basis": "investment", "text": "NVIDIA will invest $2 billion in Nebius" }, "termYears": null, "startDate": null, "status": "announced", "summary": "NVIDIA agreed to invest $2 billion in Nebius as part of a strategic partnership to help Nebius deploy more than 5 GW of capacity by the end of 2030 on NVIDIA's latest platforms.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926026163/tm268532d1_ex99-1.htm", "label": "NVIDIA and Nebius strategic partnership (Exhibit 99.1)", "publisher": "Nebius via SEC EDGAR", "date": "2026-03-11", "kind": "filing" } ], "related": [ "meta-nebius-2026-03", "coreweave-nvidia-2026-01" ], "updates": [] }, { "id": "meta-nebius-2026-03", "date": "2026-03-16", "buyer": "Meta", "provider": "Nebius", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 27000000000, "basis": "up-to", "text": "a contract value of up to approximately $27 billion" }, "termYears": 5, "startDate": "2027", "status": "signed", "summary": "Nebius signed a five-year agreement to provide Meta $12 billion of dedicated capacity on NVIDIA Vera Rubin systems from early 2027, and Meta committed to buy up to $15 billion of additional capacity on upcoming Nebius clusters, for a total contract value of up to about $27 billion.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926027886/tm268879d1_ex99-1.htm", "label": "Nebius signs new AI infrastructure agreement with Meta (Exhibit 99.1)", "publisher": "Nebius via SEC EDGAR", "date": "2026-03-16", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926027886/tm268879d1_ex99-1.htm", "label": "Nebius-Meta release (dedicated capacity)", "publisher": "Nebius via SEC EDGAR", "date": "2026-03-16", "kind": "filing" } ], "related": [ "meta-nebius-2025-11", "nebius-nvidia-2026-03" ], "updates": [] }, { "id": "anthropic-google-broadcom-2026-04", "date": "2026-04-06", "buyer": "Anthropic", "provider": "Google", "otherParties": [ "Broadcom" ], "kind": "chip-supply", "chips": [ "Google TPU" ], "capacity": { "gw": 5, "units": null, "unitLabel": null }, "value": { "usd": 200000000000, "basis": "reported", "text": "US$200 billion (HK$1.56 trillion) with Google Cloud over five years" }, "termYears": 5, "startDate": "2027", "status": "signed", "summary": "Anthropic signed an agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity coming online from 2027, mostly in the US, and later described it as a 5 GW agreement. The Information reported in May 2026 that Anthropic committed to spend about $200 billion with Google Cloud over five years; neither company confirmed that figure.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/google-broadcom-partnership-compute", "label": "Anthropic expands partnership with Google and Broadcom for multiple gigawatts of next-generation compute", "publisher": "Anthropic", "date": "2026-04-06", "kind": "primary" }, { "url": "https://www.anthropic.com/news/higher-limits-spacex", "label": "Higher usage limits for Claude and a compute deal with SpaceX", "publisher": "Anthropic", "date": "2026-05-06", "kind": "primary" }, { "url": "https://www.thestandard.com.hk/finance/article/331210/Anthropic-commits-to-spending-US200-billion-on-Googles-cloud-and-chips-the-Information-reports", "label": "Anthropic commits to spending US$200 billion on Google's cloud and chips, the Information reports", "publisher": "Reuters (via The Standard)", "date": "2026-05-06", "kind": "press" } ], "related": [ "anthropic-google-2025-10", "anthropic-broadcom-2025-12", "anthropic-fluidstack-2025-11" ], "updates": [ { "date": "2026-05-05", "text": "The Information reported a roughly $200 billion five-year Google Cloud commitment by Anthropic and that Alphabet is investing up to $40 billion in Anthropic.", "sourceUrl": "https://www.thestandard.com.hk/finance/article/331210/Anthropic-commits-to-spending-US200-billion-on-Googles-cloud-and-chips-the-Information-reports" } ] }, { "id": "meta-coreweave-2026-04", "date": "2026-04-09", "buyer": "Meta", "provider": "CoreWeave", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 21000000000, "basis": "contract-value", "text": "approximately $21 billion" }, "termYears": null, "startDate": null, "status": "signed", "summary": "CoreWeave and Meta signed an expanded agreement for AI cloud capacity through December 2032 worth about $21 billion, including some of the first NVIDIA Vera Rubin deployments. The total includes Meta exercising an option under its September 2025 order form.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000154/ex991.htm", "label": "CoreWeave and Meta Announce $21 Billion Expanded AI Infrastructure Agreement (Exhibit 99.1)", "publisher": "CoreWeave via SEC EDGAR", "date": "2026-04-09", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000154/crwv-20260331.htm", "label": "CoreWeave Form 8-K (order form dated March 31, 2026)", "publisher": "CoreWeave via SEC EDGAR", "date": "2026-04-09", "kind": "filing" } ], "related": [ "meta-coreweave-2025-09" ], "updates": [] }, { "id": "anthropic-coreweave-2026-04", "date": "2026-04-10", "buyer": "Anthropic", "provider": "CoreWeave", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2026", "status": "signed", "summary": "CoreWeave signed a multi-year agreement to run Anthropic's Claude workloads at production scale on its cloud, starting with a phased rollout that could expand over time. Financial terms were not disclosed.", "operatorStated": true, "sources": [ { "url": "https://coreweave.com/news/coreweave-announces-multi-year-agreement-with-anthropic", "label": "CoreWeave Announces Multi-Year Agreement With Anthropic", "publisher": "CoreWeave", "date": "2026-04-10", "kind": "primary" } ], "related": [ "meta-coreweave-2026-04" ], "updates": [] }, { "id": "microsoft-nscale-2026-04", "date": "2026-04-14", "buyer": "Microsoft", "provider": "Nscale", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": null, "units": 30000, "unitLabel": "NVIDIA Rubin GPUs (more than)" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2027", "status": "signed", "summary": "Nscale expanded its Microsoft agreement to add more than 30,000 NVIDIA Rubin GPUs at its 230 MW Narvik, Norway campus for delivery in 2027, after rolling up the former Aker-Nscale joint venture.", "operatorStated": true, "sources": [ { "url": "https://www.nscale.com/press-releases/nscale-microsoft-norway", "label": "Nscale announces expanded deal with Microsoft in Norway", "publisher": "Nscale", "date": "2026-04-14", "kind": "primary" } ], "related": [ "microsoft-nscale-2025-10", "openai-stargate-norway-2025-07", "microsoft-nscale-2026-05" ], "updates": [] }, { "id": "anthropic-amazon-2026-04", "date": "2026-04-20", "buyer": "Anthropic", "provider": "Amazon Web Services", "otherParties": [ "Amazon" ], "kind": "equity-and-compute", "chips": [ "AWS Trainium2", "AWS Trainium3", "AWS Trainium4", "AWS Graviton" ], "capacity": { "gw": 5, "units": null, "unitLabel": null }, "value": { "usd": 100000000000, "basis": "contract-value", "text": "more than $100 billion over the next ten years to AWS technologies" }, "termYears": 10, "startDate": "2026", "status": "in-progress", "summary": "Anthropic committed more than $100 billion over ten years to AWS technologies, securing up to 5 GW of new capacity across Graviton and Trainium2 through Trainium4, with nearly 1 GW of Trainium2 and Trainium3 capacity due by the end of 2026. Amazon invested $5 billion in Anthropic with up to $20 billion more possible.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/anthropic-amazon-compute", "label": "Anthropic and Amazon expand collaboration for up to 5 gigawatts of new compute", "publisher": "Anthropic", "date": "2026-04-20", "kind": "primary" } ], "related": [ "anthropic-amazon-2023-09", "anthropic-amazon-2024-11", "anthropic-aws-rainier-2024-12" ], "updates": [] }, { "id": "microsoft-nscale-2026-05", "date": "2026-05-05", "buyer": "Microsoft", "provider": "Nscale", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA Rubin" ], "capacity": { "gw": null, "units": 66000, "unitLabel": "NVIDIA Rubin GPUs" }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "announced", "summary": "Nscale said it would deliver more than 66,000 NVIDIA Rubin GPUs to Microsoft at Start Campus's site in Sines, Portugal, investing EUR 230 million in shared infrastructure and EUR 465 million in a second 200 MW building.", "operatorStated": true, "sources": [ { "url": "https://www.nscale.com/press-releases/nscale-start-campus", "label": "Nscale to Deliver 66,000+ NVIDIA Rubin GPUs to Microsoft at Start Campus' Site in Portugal", "publisher": "Nscale", "date": "2026-05-05", "kind": "primary" } ], "related": [ "microsoft-nscale-2025-10", "microsoft-nscale-2026-04" ], "updates": [] }, { "id": "anthropic-spacex-2026-05", "date": "2026-05-06", "buyer": "Anthropic", "provider": "SpaceX", "otherParties": [ "xAI" ], "kind": "cloud-capacity", "chips": [ "NVIDIA H100", "NVIDIA H200", "NVIDIA GB200" ], "capacity": { "gw": null, "units": 325000, "unitLabel": "NVIDIA GPUs across Colossus and Colossus II (approximately)" }, "value": { "usd": null, "basis": "contract-value", "text": "$1.25 billion per month through May 2029" }, "termYears": null, "startDate": "2026-05", "status": "signed", "summary": "Anthropic signed an agreement to use all of the compute capacity at SpaceX's Colossus 1 data center, more than 300 MW and over 220,000 NVIDIA GPUs. SpaceX's IPO filings said its Cloud Services Agreements with Anthropic cover about 325,000 NVIDIA GPUs across Colossus and Colossus II at $1.25 billion per month through May 2029, terminable on 90 days' notice after an initial three months.", "operatorStated": true, "sources": [ { "url": "https://www.anthropic.com/news/higher-limits-spacex", "label": "Higher usage limits for Claude and a compute deal with SpaceX", "publisher": "Anthropic", "date": "2026-05-06", "kind": "primary" }, { "url": "https://www.tomshardware.com/tech-industry/data-centers/elon-musks-spacexai-to-add-another-660-000-ai-gpus-this-year-nearing-a-total-of-1-44-million-in-operation-firm-is-building-1-2-gigawatt-power-plant-to-bring-systems-fully-online", "label": "Elon Musk's SpaceXAI to add another 660,000 AI GPUs this year", "publisher": "Tom's Hardware", "date": "2026-09-25", "kind": "press" }, { "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm", "label": "Space Exploration Technologies Corp. Form S-1", "publisher": "SpaceX via SEC EDGAR", "date": "2026-05-20", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm", "label": "SpaceX final prospectus (Form 424B4)", "publisher": "SpaceX via SEC EDGAR", "date": "2026-06-12", "kind": "filing" } ], "related": [ "xai-colossus-2024-10", "google-spacex-2026-06" ], "updates": [ { "date": "2026-05-20", "text": "SpaceX's S-1 said the agreements cover Colossus and Colossus II at $1.25 billion per month through May 2029, terminable on 90 days' notice.", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm" } ] }, { "id": "nvidia-iren-2026-05", "date": "2026-05-07", "buyer": "NVIDIA", "provider": "IREN", "otherParties": [ "Mirantis" ], "kind": "cloud-capacity", "chips": [ "NVIDIA Blackwell" ], "capacity": { "gw": 0.06, "units": null, "unitLabel": null }, "value": { "usd": 3400000000, "basis": "contract-value", "text": "approximately $3.4 billion" }, "termYears": 5, "startDate": null, "status": "signed", "summary": "IREN signed a five-year contract to provide NVIDIA with managed GPU cloud services for NVIDIA's internal AI and research work, worth about $3.4 billion, using air-cooled Blackwell systems in about 60 MW of its Childress, Texas data centers.", "operatorStated": true, "sources": [ { "url": "https://iren.gcs-web.com/news-releases/news-release-details/iren-secures-34bn-ai-cloud-contract-nvidia", "label": "IREN Secures $3.4bn AI Cloud Contract with NVIDIA", "publisher": "IREN", "date": "2026-05-07", "kind": "primary" } ], "related": [ "microsoft-iren-2025-11", "nvidia-lambda-2025-09", "nvidia-sharon-ai-2026-06", "iren-nvidia-2026-05" ], "updates": [] }, { "id": "iren-nvidia-2026-05", "date": "2026-05-07", "buyer": "IREN", "provider": "NVIDIA", "otherParties": [], "kind": "financing", "chips": [], "capacity": { "gw": 5, "units": null, "unitLabel": null }, "value": { "usd": 2100000000, "basis": "up-to", "text": "a five-year right to buy up to 30 million IREN shares at $70 each" }, "termYears": null, "startDate": null, "status": "announced", "summary": "NVIDIA and IREN announced plans to deploy up to 5 GW of NVIDIA DSX-aligned AI infrastructure across IREN's sites, with its 2 GW Sweetwater campus in Texas as the flagship, and NVIDIA took a five-year right to buy up to 30 million IREN shares at $70 each, about $2.1 billion.", "operatorStated": true, "sources": [ { "url": "https://investor.nvidia.com/news/press-release-details/2026/NVIDIA-and-IREN-Announce-Strategic-Partnership-to-Accelerate-Deployment-of-up-to-5-Gigawatts-of-AI-Infrastructure/default.aspx", "label": "NVIDIA and IREN Announce Strategic Partnership to Accelerate Deployment of up to 5 Gigawatts of AI Infrastructure", "publisher": "NVIDIA", "date": "2026-05-07", "kind": "primary" } ], "related": [ "nvidia-iren-2026-05" ], "updates": [] }, { "id": "google-spacex-2026-06", "date": "2026-06-05", "buyer": "Google", "provider": "SpaceX", "otherParties": [ "xAI" ], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": 110000, "unitLabel": "NVIDIA GPUs (approximately)" }, "value": { "usd": null, "basis": "contract-value", "text": "$920 million per month from October 2026 through June 2029" }, "termYears": null, "startDate": "2026-10", "status": "signed", "summary": "SpaceX disclosed a Cloud Service Agreement under which Google pays $920 million per month from October 2026 through June 2029 for compute including about 110,000 NVIDIA GPUs, with a reduced fee during the ramp. Google may terminate or take fewer GPUs if SpaceX misses the September 30, 2026 delivery target, and either party may terminate on 90 days' notice after 2026.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026041150/spacexagreementfwp.htm", "label": "SpaceX free writing prospectus on Cloud Service Agreement with Google", "publisher": "SpaceX via SEC EDGAR", "date": "2026-06-05", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026041150/spacexagreementfwp.htm", "label": "SpaceX FWP (capacity)", "publisher": "SpaceX via SEC EDGAR", "date": "2026-06-05", "kind": "filing" } ], "related": [ "anthropic-spacex-2026-05", "xai-colossus-2024-10" ], "updates": [] }, { "id": "nvidia-sharon-ai-2026-06", "date": "2026-06-08", "buyer": "NVIDIA", "provider": "Sharon AI", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA GB300" ], "capacity": { "gw": 0.072, "units": 40000, "unitLabel": "NVIDIA GB300 GPUs (up to)" }, "value": { "usd": 4880000000, "basis": "up-to", "text": "a contract value of up to $4.88 billion" }, "termYears": 6, "startDate": null, "status": "signed", "summary": "Sharon AI signed a six-year Master Cloud Services Agreement with NVIDIA, worth up to $4.88 billion, to build 72 MW of new AI data center capacity in Australia with up to 40,000 GB300 GPUs under a revenue-sharing and credit-support model. It reported the deal as $4.9 billion of its roughly $8.8 billion total contract value in August 2026.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226035629/forms-1.htm", "label": "SharonAI Holdings Form S-1", "publisher": "Sharon AI via SEC EDGAR", "date": "2026-07-31", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226036254/ex99-1.htm", "label": "Sharon AI Reports Second Quarter 2026 Results (Exhibit 99.1)", "publisher": "Sharon AI via SEC EDGAR", "date": "2026-08-06", "kind": "filing" } ], "related": [ "nvidia-iren-2026-05", "nvidia-lambda-2025-09" ], "updates": [] }, { "id": "sk-nvidia-2026-07", "date": "2026-07", "buyer": "SK Group", "provider": "NVIDIA", "otherParties": [ "SK Telecom", "SK hynix" ], "kind": "chip-supply", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": 2, "units": null, "unitLabel": null }, "value": { "usd": 500000000000, "basis": "estimate", "text": "a strategic partnership worth more than $500 billion" }, "termYears": null, "startDate": "2027", "status": "announced", "summary": "SK Group and NVIDIA signed letters of intent for a partnership described as worth more than $500 billion, covering SK Telecom's planned 2 GW AI cloud in South Korea on NVIDIA's DSX AI factory platform and Vera Rubin systems, and long-term SK hynix HBM supply and co-development. The figure is an aggregate scope, not a disclosed purchase commitment; the first AI factory is expected in 2027.", "operatorStated": true, "sources": [ { "url": "https://www.eenewseurope.com/en/sk-group-and-nvidia-expand-ai-factory-and-hbm-partnership/", "label": "SK Group and NVIDIA expand AI factory and HBM partnership", "publisher": "eeNews Europe", "date": "2026-07-27", "kind": "press" }, { "url": "https://www.eenewseurope.com/en/sk-group-and-nvidia-expand-ai-factory-and-hbm-partnership/", "label": "SK Group and NVIDIA partnership (letters of intent)", "publisher": "eeNews Europe", "date": "2026-07-27", "kind": "press" } ], "related": [ "openai-samsung-sk-hynix-2025-10" ], "updates": [] }, { "id": "anthropic-terawulf-2026-07", "date": "2026-07-06", "buyer": "Anthropic", "provider": "TeraWulf", "otherParties": [], "kind": "data-center", "chips": [], "capacity": { "gw": 0.401, "units": null, "unitLabel": null }, "value": { "usd": 19000000000, "basis": "contract-value", "text": "approximately $19 billion of contracted revenue over the initial lease term" }, "termYears": 20, "startDate": "2027", "status": "signed", "summary": "TeraWulf signed a 20-year lease with Anthropic for a purpose-built AI campus of about 401 MW of critical IT load at its Justified Data site in Hawesville, Kentucky, expected to generate about $19 billion over the initial term, with first capacity in the second half of 2027. TeraWulf also agreed to sell its stake in the Abernathy, Texas joint venture to a Fluidstack-led group.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1083301/000110465926080583/tm2619468d1_ex99-1.htm", "label": "TeraWulf Announces Anthropic Lease at Justified Data (Exhibit 99.1)", "publisher": "TeraWulf via SEC EDGAR", "date": "2026-07-06", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1083301/000110465926080583/tm2619468d1_ex99-1.htm", "label": "TeraWulf release (capacity)", "publisher": "TeraWulf via SEC EDGAR", "date": "2026-07-06", "kind": "filing" } ], "related": [ "anthropic-hut8-2025-12", "anthropic-fluidstack-2025-11" ], "updates": [] }, { "id": "anthropic-amd-2026-07", "date": "2026-07-22", "buyer": "Anthropic", "provider": "AMD", "otherParties": [], "kind": "equity-and-compute", "chips": [ "AMD MI450", "AMD MI455X" ], "capacity": { "gw": 2, "units": null, "unitLabel": null }, "value": { "usd": 5000000000, "basis": "up-to", "text": "a strategic equity investment of up to $5 billion in Anthropic" }, "termYears": null, "startDate": "2027", "status": "signed", "summary": "AMD and Anthropic agreed that Anthropic will deploy up to 2 GW of AMD Instinct MI450 Series GPUs in Helios racks, with the first gigawatt starting in the first half of 2027. AMD committed to a strategic equity investment of up to $5 billion in Anthropic; no purchase value was disclosed.", "operatorStated": true, "sources": [ { "url": "https://newsroom.amd.com/news/amd-anthropic-strategic-partnership/", "label": "AMD and Anthropic Announce Strategic Partnership to Deploy up to 2 Gigawatts of AMD Instinct MI450 Series GPUs", "publisher": "AMD", "date": "2026-07-22", "kind": "primary" }, { "url": "https://newsroom.amd.com/news/amd-anthropic-strategic-partnership/", "label": "AMD-Anthropic release (investment)", "publisher": "AMD", "date": "2026-07-22", "kind": "primary" } ], "related": [ "openai-amd-2025-10", "meta-amd-2026-02" ], "updates": [] }, { "id": "openai-georgia-power-2026-07", "date": "2026-07-22", "buyer": "OpenAI", "provider": "Georgia Power", "otherParties": [], "kind": "power", "chips": [], "capacity": { "gw": 3.2, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": "2028", "status": "announced", "summary": "OpenAI announced Project Camellia, a data center it is designing and developing itself in Effingham County, Georgia, and said it is contracting with Georgia Power for 3.2 GW of power delivered in phases from 2028 to 2032.", "operatorStated": true, "sources": [ { "url": "https://openai.com/index/building-ai-infrastructure-with-the-effingham-county-community/", "label": "Building AI infrastructure with the Effingham County community", "publisher": "OpenAI", "date": "2026-07-22", "kind": "primary" } ], "related": [], "updates": [] }, { "id": "meta-blackrock-2026-07", "date": "2026-07-28", "buyer": "Meta", "provider": "BlackRock", "otherParties": [ "Global Infrastructure Partners", "HPS Investment Partners" ], "kind": "financing", "chips": [], "capacity": { "gw": 1, "units": null, "unitLabel": null }, "value": { "usd": 14000000000, "basis": "investment", "text": "approximately $14 billion in total development costs" }, "termYears": 4, "startDate": null, "status": "signed", "summary": "Meta and BlackRock formed a venture, 80% owned by BlackRock funds and 20% by Meta, to develop and own Meta's 1 GW El Paso, Texas data center campus, with about $14 billion in total development costs. Meta leases the whole campus on a four-year initial term with options extending to a potential 20 years.", "operatorStated": true, "sources": [ { "url": "https://about.fb.com/news/2026/07/meta-announces-new-venture-with-blackrock-to-develop-data-center-in-el-paso/", "label": "Meta Announces New Strategic Venture With BlackRock to Develop Data Center in El Paso", "publisher": "Meta", "date": "2026-07-28", "kind": "primary" }, { "url": "https://about.fb.com/news/2026/07/meta-announces-new-venture-with-blackrock-to-develop-data-center-in-el-paso/", "label": "Meta El Paso venture (capacity)", "publisher": "Meta", "date": "2026-07-28", "kind": "primary" } ], "related": [ "meta-blue-owl-2025-10" ], "updates": [] }, { "id": "anthropic-volta-2026-08", "date": "2026-08-04", "buyer": "Anthropic (reported)", "provider": "Volta Infra", "otherParties": [ "Bitdeer" ], "kind": "cloud-capacity", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": 0.133, "units": null, "unitLabel": null }, "value": { "usd": 10000000000, "basis": "contract-value", "text": "a $10 billion contract" }, "termYears": 6, "startDate": null, "status": "signed", "summary": "Volta Infra said it signed a $10 billion contract with an unnamed AI company for cloud capacity in Europe alongside Bitdeer; Bloomberg reported the customer is Anthropic and that the six-year deal covers a 133 MW Bitdeer data center in Norway with NVIDIA Vera Rubin chips. Anthropic declined to comment.", "operatorStated": true, "sources": [ { "url": "https://www.thestar.com.my/tech/tech-news/2026/08/04/ai-cloud-startup-volta-valued-at-24-billion-announces-10-billion-ai-partnership", "label": "AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership", "publisher": "Reuters (via The Star)", "date": "2026-08-04", "kind": "press" }, { "url": "https://www.thestar.com.my/tech/tech-news/2026/08/04/ai-cloud-startup-volta-valued-at-24-billion-announces-10-billion-ai-partnership", "label": "Reuters report (customer and capacity)", "publisher": "Reuters (via The Star)", "date": "2026-08-04", "kind": "press" } ], "related": [ "anthropic-nscale-2026-08", "anthropic-lambda-2026-08" ], "updates": [] }, { "id": "openai-sb-energy-2026-08", "date": "2026-08-17", "buyer": "OpenAI", "provider": "SB Energy", "otherParties": [ "NVIDIA", "SoftBank Group" ], "kind": "data-center", "chips": [], "capacity": { "gw": 4.25, "units": null, "unitLabel": null }, "value": { "usd": 105000000000, "basis": "up-to", "text": "NVIDIA's aggregate payment obligation is cumulatively capped at $105 billion for its initial commitment" }, "termYears": 20, "startDate": null, "status": "signed", "summary": "SB Energy will build, own and operate an AI campus in Pike County, Ohio under a 20-year lease to OpenAI, starting with 4.25 GW of IT load and up to about 8 GW if NVIDIA exercises an option, and the site will host NVIDIA systems. NVIDIA provided lease guarantees capped at $105 billion for the initial 4.25 GW and agreed to invest $1.5 billion in SB Energy.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000069/nvda-20260817.htm", "label": "NVIDIA Form 8-K (August 17, 2026)", "publisher": "NVIDIA via SEC EDGAR", "date": "2026-08-17", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000069/sbeoainvidia-portsrelease.htm", "label": "NVIDIA, SB Energy and OpenAI PORTS-Pike campus press release (Exhibit 99.1)", "publisher": "NVIDIA via SEC EDGAR", "date": "2026-08-17", "kind": "filing" } ], "related": [ "openai-sb-energy-2026-01", "openai-nvidia-2025-09" ], "updates": [] }, { "id": "anthropic-nscale-2026-08", "date": "2026-08-26", "buyer": "Anthropic", "provider": "Nscale", "otherParties": [], "kind": "cloud-capacity", "chips": [ "NVIDIA Vera Rubin" ], "capacity": { "gw": 0.46, "units": null, "unitLabel": null }, "value": { "usd": 45000000000, "basis": "reported", "text": "$45B over six years" }, "termYears": 6, "startDate": null, "status": "reported", "summary": "Press reports, led by Bloomberg, said Anthropic agreed to spend about $45 billion over six years renting about 460 MW of NVIDIA Vera Rubin capacity at Nscale's Monarch campus in West Virginia, a site Microsoft had earlier signed a letter of intent for and then left. The companies did not announce the customer or terms.", "operatorStated": false, "sources": [ { "url": "https://thenextweb.com/news/anthropic-nscale-45b-compute-deal-london-ipo", "label": "Anthropic signs $45B compute deal with Britain's Nscale", "publisher": "The Next Web", "date": "2026-08-26", "kind": "press" } ], "related": [ "anthropic-lambda-2026-08", "microsoft-nscale-2025-10", "anthropic-volta-2026-08" ], "updates": [] }, { "id": "anthropic-lambda-2026-08", "date": "2026-08-31", "buyer": "Anthropic", "provider": "Lambda", "otherParties": [ "Hut 8", "NVIDIA" ], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": 0.35, "units": null, "unitLabel": null }, "value": { "usd": 35000000000, "basis": "reported", "text": "worth $35 billion" }, "termYears": null, "startDate": null, "status": "reported", "summary": "Reuters reported, citing a source, that Anthropic signed a $35 billion cloud deal with NVIDIA-backed Lambda for about 350 MW at a data center Hut 8 is developing in Nueces County, Texas. Neither company announced the deal.", "operatorStated": false, "sources": [ { "url": "https://www.thestar.com.my/tech/tech-news/2026/09/01/anthropic-signs-35-billion-cloud-deal-with-nvidia-backed-lambda-source-says", "label": "Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda, source says", "publisher": "Reuters (via The Star)", "date": "2026-09-01", "kind": "press" }, { "url": "https://www.thestar.com.my/tech/tech-news/2026/09/01/anthropic-signs-35-billion-cloud-deal-with-nvidia-backed-lambda-source-says", "label": "Reuters report (capacity)", "publisher": "Reuters (via The Star)", "date": "2026-09-01", "kind": "press" } ], "related": [ "anthropic-nscale-2026-08", "microsoft-lambda-2025-11", "anthropic-volta-2026-08" ], "updates": [] }, { "id": "anthropic-akamai-2026-09", "date": "2026-09-24", "buyer": "Anthropic", "provider": "Akamai", "otherParties": [], "kind": "cloud-capacity", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 11600000000, "basis": "contract-value", "text": "$11.6 billion of contractual commitment over seven years" }, "termYears": 7, "startDate": null, "status": "signed", "summary": "Akamai expanded its relationship with Anthropic to $11.6 billion of contractual commitment over seven years for Anthropic's CPU workloads on Akamai Cloud, with room to grow by up to $9 billion more. Akamai issued Anthropic a warrant for up to about 5% of its stock that vests as the commitment expands.", "operatorStated": true, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1086222/000119312526401048/d288154dex991.htm", "label": "Akamai Announces $11.6 Billion expanded relationship with Anthropic (Exhibit 99.1)", "publisher": "Akamai via SEC EDGAR", "date": "2026-09-24", "kind": "filing" }, { "url": "https://www.sec.gov/Archives/edgar/data/1086222/000119312526401048/d288154dex991.htm", "label": "Akamai-Anthropic release (potential commitment)", "publisher": "Akamai via SEC EDGAR", "date": "2026-09-24", "kind": "filing" } ], "related": [], "updates": [] }, { "id": "anthropic-broadcom-2026-10", "date": "2026-10-01", "buyer": "Anthropic", "provider": "Broadcom", "otherParties": [], "kind": "financing", "chips": [], "capacity": { "gw": null, "units": null, "unitLabel": null }, "value": { "usd": 42000000000, "basis": "reported", "text": "up to $42 billion" }, "termYears": null, "startDate": null, "status": "reported", "summary": "Reuters reported, citing Anthropic's confidential IPO filing, that Broadcom agreed to lend Anthropic up to $42 billion to lease its chips. Broadcom did not comment and Anthropic declined to comment.", "operatorStated": false, "sources": [ { "url": "https://www.thestar.com.my/tech/tech-news/2026/10/01/exclusive-broadcom-to-lend-anthropic-up-to-42-billion-to-lease-its-chips-filing-says", "label": "Exclusive-Broadcom to lend Anthropic up to $42 billion to lease its chips, filing says", "publisher": "Reuters (via The Star)", "date": "2026-10-01", "kind": "press" } ], "related": [ "anthropic-broadcom-2025-12" ], "updates": [] }, { "id": "google-constellation-2026-10", "date": "2026-10-06", "buyer": "Google", "provider": "Constellation Energy", "otherParties": [], "kind": "power", "chips": [], "capacity": { "gw": 0.89, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": 20, "startDate": null, "status": "signed", "summary": "Google agreed to fund uprates at 11 Constellation nuclear units in Illinois, Pennsylvania and New Jersey that add 890 MW to the PJM grid, under a 20-year deal that also includes a separate 15-year supply agreement for 2,700 MW from Constellation's existing PJM fleet; Constellation put its new investment at more than $4.3 billion.", "operatorStated": true, "sources": [ { "url": "https://www.constellationenergy.com/news/2026/10/google-and-constellation-announce-landmark-agreement-to-bring-890-mw-of-new-nuclear-capacity-to-pjm-grid.html", "label": "Google and Constellation Announce Landmark Agreement to Bring 890 MW of New Nuclear Capacity to PJM Grid as Part of Long-Term Power Deal", "publisher": "Constellation Energy", "date": "2026-10-06", "kind": "primary" } ], "related": [], "updates": [] }, { "id": "coreweave-adaniconnex-2026-10", "date": "2026-10-06", "buyer": "CoreWeave", "provider": "AdaniConneX", "otherParties": [], "kind": "data-center", "chips": [], "capacity": { "gw": 0.24, "units": null, "unitLabel": null }, "value": { "usd": null, "basis": null, "text": null }, "termYears": null, "startDate": null, "status": "announced", "summary": "CoreWeave entered India with a 240 MW AI cloud deployment at AdaniConneX data centers.", "operatorStated": true, "sources": [ { "url": "https://www.coreweave.com/news/coreweave-enters-india-expanding-ai-cloud-platform-with-adaniconnex", "label": "CoreWeave Enters India With 240 MW AdaniConneX Deployment", "publisher": "CoreWeave", "date": "2026-10-06", "kind": "primary" } ], "related": [], "updates": [] } ] }