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Compute deals: who buys capacity from whom
Contracts for AI compute between labs, neoclouds, hyperscalers, chip vendors and the lenders behind them. Each row states what the source states: contract value, capacity, term. Headline figures often include options and later phases; where the source says "up to", so does the note.
Deals on record170144 confirmed, 26 reported
Confirmed contract value$1.6Tcapacity and supply deals with a stated value
Capacity stated74.21 GWin deals that disclose MW
Debt financings38$218B confirmed
Where the contracted dollars go
All deals
Confirmed by a party or a filingReported, not confirmed by a party
Type
Status
| Type | Term | Status | Source · checked | |||||
|---|---|---|---|---|---|---|---|---|
| 5 Nov 2026 | Undisclosed frontier AI labFrontier lab | IRENNeocloud | Capacity contract | undisclosed | — | — | Confirmed | |
| 4 Nov 2026 | TeraWulfCapacity landlord | Google CloudHyperscaler | Backstop | $19B$19 billion is the value of Anthropic's lease commitments that the Google-supported financing covers; the amount of Google's credit support was not disclosed. | 401 MW | — | Confirmed | sec.gov debt financing supporting approximately $19 billion of contracted lease commitments with Anthropic, PBCchecked 9 Nov 2026 |
| 4 Nov 2026 | AnthropicFrontier lab | Riot PlatformsCapacity landlord | Colocation lease | $28BAbout $28 billion over the 15-year powered-land lease, about $54 billion if both 5-year extensions are exercised; the tenant fits out the 910 MW campus, delivered in phases from September 2027 to July 2028. | 910 MW | 15 yr | Confirmed | sec.gov Approximately $28 billion of total contract value and approximately $1.8 billion of average annual rentchecked 9 Nov 2026 |
| 29 Oct 2026 | NscaleNeocloud | NVIDIAChip vendor | BackstopNVIDIA Vera Rubin | undisclosed | 460 MW | — | Reported | thenextweb.comchecked 9 Nov 2026 |
| 26 Oct 2026 | SpaceXAIFrontier lab | Apollo (managed entity)Lender | Debt financingNVIDIA Vera Rubin | $40BA binding commitment of about $40 billion: an entity managed by Apollo buys GPUs and related servers and leases them to SpaceX for about five years from delivery; closing expected by the end of 2026, with leases starting in the first half of 2027. | — | 5 yr | Confirmed | techcrunch.com SpaceX has reached a binding commitment for roughly $40 billion in financing for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday.checked 10 Nov 2026 |
| 22 Oct 2026 | NebiusNeocloud | HumainSovereign cloud | Capacity contract | undisclosed | 50 MW | — | Reported | arabnews.com Nebius, based in the Netherlands, will off-take up to 50 megawatts from the data center currently under construction.checked 10 Nov 2026 |
| 19 Oct 2026 | AnthropicFrontier lab | NscaleNeocloud | Capacity contractNVIDIA Vera Rubin | $45Bamount reportedReported by Bloomberg as talks on a second deal of about $45 billion; not signed. | 460 MW | — | Reported | thenextweb.com Nscale is negotiating to sell Anthropic about $45bn more in AI computing capacity.checked 9 Nov 2026 |
| 12 Oct 2026 | AnthropicFrontier lab | IRENNeocloud | Capacity contract | undisclosed | — | — | Reported | |
| 7 Oct 2026 | Stonebriar Commercial FinanceEnterprise | ABS investorsLender | Debt financing | $869Mamount reportedEquipment asset-backed securities in which GPU loans are about 15% of the collateral; pricing was not confirmed. | — | — | Reported | thestar.com.my Stonebriar Commercial Finance is selling around US$869mil of asset-backed securitieschecked 9 Nov 2026 |
| 7 Oct 2026 | CoreWeaveNeocloud | AdaniConneXCapacity landlord | Colocation leaseNVIDIA Vera Rubin | undisclosed | 240 MW | — | Confirmed | nasdaq.com Through a collaboration with AdaniConneX, CoreWeave plans to expand its AI Cloud platform with 240 megawatts (MW) of data center capacity in Navi Mumbai.checked 10 Nov 2026 |
| 1 Oct 2026 | LambdaNeocloud | J.P. Morgan (sole coordinating lead arranger)Lender | Debt financing | $1.01Bdelayed draw term loan, 6.78% fixed; final maturity May 30 2033 | — | 6.7 yr | Confirmed | |
| 1 Oct 2026 | Sharon AINeocloud | Goldman Sachs and private credit funds (Jarden arranger)Lender | Debt financingNVIDIA | $356Msenior secured GPU-backed SPV facility, 9.95% fixed (excl. fees) | 68,000 GPUs | — | Confirmed | |
| 30 Sep 2026 | CohereNeolab | Boost RunNeocloud | Capacity contract | $526MDedicated GPU cloud infrastructure for Cohere; about $525.6 million committed over terms of about five years per rack, with initial acceptance expected from the second quarter of 2027 and a refund right if a minimum amount is not accepted by 15 July 2027. | — | 5 yr | Confirmed | sec.gov Cohere has committed to pay Boost Run approximately $525.6 million over the term of the Agreement, a portion of which is payable as a prepaymentchecked 10 Nov 2026 |
| 30 Sep 2026 | VultrNeocloud | HPEChip vendor | GPU purchaseAMD Helios AI Rack by HPE | $1.2BA $1.2 billion order for AMD Helios AI racks built by HPE, to be deployed across Vultr's U.S. cloud data centers; HPE's first order for the platform. | — | — | Confirmed | pulse2.com HPE has secured a $1.2 billion order from Vultr to deploy AMD Helios AI Rack by HPE systems across Vultr’s U.S. cloud data centers.checked 10 Nov 2026 |
| 29 Sep 2026 | MetaHyperscaler | FirmusNeocloud | Capacity contractNVIDIA (DSX platform) | undisclosed | — | — | Confirmed | channelnewsasia.com Australia's Firmus said on Tuesday it had signed AI infrastructure agreements with Facebook parent Meta Platforms for graphics processing unit compute capacity at its data centre facilities in Southeast Asiachecked 10 Nov 2026 |
| 25 Sep 2026 | FluidstackNeocloud | Cipher DigitalCapacity landlord | Colocation lease | $5.2BIncremental revenue from extending the Barber Lake lease to 20 years; total contracted revenue at the site exceeds $9 billion. | — | 10 yr | Confirmed | sec.gov is expected to generate approximately $5.2 billion of incremental contracted revenue.checked 9 Nov 2026 |
| 24 Sep 2026 | AnthropicFrontier lab | AkamaiHyperscaler | Capacity contractCPU cloud (Akamai Cloud Infrastructure Services) | $11.6BSeven-year commitment with potential expansion of up to $9 billion more; Akamai issued Anthropic a warrant for up to about 5% of its stock tied to the expansion. | — | 7 yr | Confirmed | |
| 23 Sep 2026 | Thinking Machines LabNeolab | CrusoeNeocloud | Capacity contractNVIDIA HGX B200 | $65MA $65 million annual agreement for Crusoe Managed Inference to serve Thinking Machines Lab models on a dedicated deployment of Nvidia HGX B200 systems; term not disclosed. | — | — | Confirmed | crusoe.ai today announced a $65 million annual agreement to power inference for the lab's open models on Crusoe Cloudchecked 10 Nov 2026 |
| 18 Sep 2026 | CoreWeaveNeocloud | Bond investors (144A)Lender | Debt financing | $3.7Bupsized 2.875% convertible senior notes due Apr 1 2033; ~22.5% conversion premium | — | 6.5 yr | Confirmed | sec.gov $3.7 billion aggregate principal amount of its 2.875% convertible senior notes due 2033checked 9 Nov 2026 |
| 15 Sep 2026 | NscaleNeocloud | NVIDIAChip vendor | Equity + compute | $1BNvidia committed $1 billion to Nscale's $3.36 billion pre-IPO convertible financing led by Third Point (announced 25 September 2026); the Nvidia tranche is expected to fund in mid-November 2026 and converts into non-voting shares when the IPO completes. | — | — | Confirmed | nscale.com an initial $2.36bn tranche at closing and an additional $1bn commitment from NVIDIA with funding expected in mid-November, 2026checked 10 Nov 2026 |
| 10 Sep 2026 | DigitalOceanNeocloud | MUFG (agent); Axos, BMO, Wells FargoLender | Debt financingGPU/CPU equipment | $725MEquipment finance facility maturing September 2030 with an accordion of up to $300 million. DigitalOcean's Q3 2026 results refer to a $785 million equipment lease facility; the results do not say whether this is the same facility after an increase. | — | 4 yr | Confirmed | |
| 10 Sep 2026 | FluidstackNeocloud | U.S. DoD Office of Strategic CapitalLender | Debt financing | $5Bamount reportedReported by The Wall Street Journal as a loan of about $5 billion under negotiation. | — | — | Reported | datacenterdynamics.comchecked 9 Nov 2026 |
| 4 Sep 2026 | AnthropicFrontier lab | Morgan Stanley (lead), Goldman Sachs, JPMorgan, Citigroup and othersLender | Debt financing | $15Bamount reportedReported expansion of Anthropic's revolving credit facility from $2.5 billion; not confirmed as closed. | — | — | Reported | theedgemalaysia.com is set to finalise an expansion of its revolving credit facility to US$15 billionchecked 9 Nov 2026 |
| 3 Sep 2026 | Jane StreetEnterprise | CrusoeNeocloud | Capacity contract | $13Bamount reportedReported by Bloomberg as about $13 billion over five years; neither company confirmed. | — | 5 yr | Reported | |
| 31 Aug 2026 | AnthropicFrontier lab | LambdaNeocloud | Capacity contractNVIDIA GPUs | $34.9BThe August 2026 agreement; Anthropic's agreements with Lambda from May, June and August 2026 total about $41.3 billion into 2034 (registration statement). | 350 MW | 6 yr | Confirmed | sec.gov Under our August 2026 agreement, which represents approximately $34.9 billion of the aggregate commitment, either party may terminate if Lambda does not timely secure the facility lease.checked 9 Nov 2026 |
| 27 Aug 2026 | LambdaNeocloud | Morgan Stanley (lead left arranger); MUFGLender | Debt financing | $926Msenior secured term loan B, SOFR+3.00%, issued at 99.5%; matures Dec 31 2030, fully amortizing | — | 4.3 yr | Confirmed | |
| 27 Aug 2026 | VoltaNeocloud | JPMorgan and Goldman Sachs (arrangers)Lender | Debt financing | $5Bamount reportedA US$5 billion leveraged loan for Volta's data center complex in Norway, arranged by JPMorgan and Goldman Sachs; reported sold to investors in mid-October 2026 at 6.5 percentage points over the benchmark rate and 95 cents on the dollar (reported, not confirmed). | — | — | Reported | businesstimes.com.sg JPMORGAN Chase and Goldman Sachs Group hiked the yield and sweetened terms on a US$5 billion leveraged loan sale for Volta Infrastructure Holdingschecked 10 Nov 2026 |
| 26 Aug 2026 | AnthropicFrontier lab | NscaleNeocloud | Capacity contractNVIDIA (Vera Rubin per media) | $44.6BUp to about $44.6 billion into 2033; fees accrue only as capacity is delivered and accepted. | 460 MW | — | Confirmed | sec.gov we agreed to spend an aggregate of up to approximately $44.6 billion over terms extending into 2033, with fees accruing only as capacity is delivered to and accepted by us.checked 9 Nov 2026 |
| 21 Aug 2026 | BroadcomChip vendor | Lenders incl. Blackstone, Apollo (in talks)Lender | Debt financingBroadcom custom XPUs for Anthropic and others | $60Bamount reportedReported by Bloomberg as more than $60 billion sought from lenders; talks. | — | — | Reported | |
| 17 Aug 2026 | OpenAIFrontier lab | SB EnergyCapacity landlord | Colocation leaseNVIDIA (exclusively hosts NVIDIA AI compute) | undisclosed | 8 GW | 20 yr | Confirmed | sec.gov SB Energy will build, own and operate the data center under a 20-year lease to OpenAI.checked 9 Nov 2026 |
| 17 Aug 2026 | SB EnergyCapacity landlord | NVIDIAChip vendor | Backstop | $105BCap on Nvidia's guarantees of land, power and shell payments for OpenAI's leases at the PORTS campus in Ohio, expected to decline over each phase's 20-year lease. | 4.25 GW | 20 yr | Confirmed | sec.gov In August 2026, we entered into guarantees, capped at a total of $105 billion, to provide credit supportchecked 9 Nov 2026 |
| 17 Aug 2026 | SB EnergyCapacity landlord | NVIDIAChip vendor | Equity + compute | $1.5BNvidia equity investment in SB Energy | — | — | Confirmed | sec.gov NVIDIA will invest $1.5 billion in SB Energy, joining existing investors SoftBank Group and OpenAI.checked 9 Nov 2026 |
| 10 Aug 2026 | CoreWeaveNeocloud | JPMorgan, MUFG (joint lead arrangers)Lender | Debt financing | $2.6Bdelayed draw term loan; SOFR+5.50%; ~5-year maturity | — | 5 yr | Confirmed | sec.gov today announced it has closed its $2.6 billion delayed draw term loan facilitychecked 9 Nov 2026 |
| 10 Aug 2026 | AnthropicFrontier lab | Riot PlatformsCapacity landlord | Colocation lease | $9.1BTotal initial contract revenue for 191 MW at Rockdale; about $16.1 billion if both extensions are exercised. | 191 MW | 20 yr | Confirmed | sec.gov expected to generate approximately $9.1 billion in total initial contract revenuechecked 9 Nov 2026 |
| 4 Aug 2026 | AnthropicFrontier lab | VoltaNeocloud | Capacity contractNVIDIA Vera Rubin | $10Bamount reportedVolta announced a $10 billion, six-year contract with an unnamed AI lab; Bloomberg reported that the customer is Anthropic. | 133 MW | 6 yr | Reported | thestar.com.mychecked 9 Nov 2026 |
| 4 Aug 2026 | VoltaNeocloud | BitdeerCapacity landlord | Colocation leaseNVIDIA Rubin | $4.7BContracted revenue over the 16-year base term; an 8-year renewal option would take it to about $8.0 billion. | 121 MW | 16 yr | Confirmed | finviz.com The agreement represents approximately $4.7 billion in contracted revenue over the initial 16-year base term.checked 9 Nov 2026 |
| 30 Jul 2026 | Nexus Data Centers (Anthropic Hubbard TX campus)Capacity landlord | Google CloudHyperscaler | Backstop | undisclosed | 1.6 GW | — | Reported | thestar.com.my In return for its support, Google is expected to receive an equity stake of about 20% in the data-center and power project.checked 9 Nov 2026 |
| 30 Jul 2026 | Nexus Data CentersCapacity landlord | Morgan Stanley-led bank groupLender | Debt financingGoogle/Broadcom TPU (per reports) | $15Bamount reportedReported as advanced talks on a $14 billion bridge loan and a revolving credit facility; not closed. | 1.6 GW | — | Reported | |
| 28 Jul 2026 | AMDChip vendor | Core ScientificCapacity landlord | Colocation lease | undisclosed | 500 MW | — | Confirmed | sec.gov AMD to secure up to 2.5 gigawatts of data center capacity to support end customer deployments of AMD AI solutions.checked 9 Nov 2026 |
| 28 Jul 2026 | Galaxy Digital (Galaxy Helios Data Centers II LLC)Capacity landlord | Bond investors (144A)Lender | Debt financing | $3.51B9.875% senior secured notes due Aug 1 2031 | 260 MW | 5 yr | Confirmed | sec.gov The aggregate principal amount of Notes sold in the Offering was $3,507,000,000.checked 9 Nov 2026 |
| 20 Jul 2026 | Undisclosed (Beacon Point Phase 1 tenant)Undisclosed | Hut 8Capacity landlord | Colocation lease | $9.8BPhase 2 of Beacon Point; together with Phase 1 the tenant leases 704 MW for about $19.6 billion. | 352 MW | 15 yr | Confirmed | |
| 17 Jul 2026 | NebiusNeocloud | MUFG (structuring agent); ABN AMRO, Bank of America, Deutsche Bank, HSBC (MLAs)Lender | Debt financing | $775Mfirst senior secured GPU-backed facility; SOFR+2.50%; matures Oct 31 2030 | — | 4.3 yr | Confirmed | sec.gov entered into its first senior secured debt facility for approximately $775 million.checked 9 Nov 2026 |
| 16 Jul 2026 | Undisclosed global AI labUndisclosed | SharonAINeocloud | Capacity contract | $1.32Bover five years | — | 5 yr | Confirmed | |
| 6 Jul 2026 | AnthropicFrontier lab | TeraWulfCapacity landlord | Colocation lease | $19BApproximate contracted revenue over the initial 20-year lease; Google provides credit support for the project financing. | 401 MW | 20 yr | Confirmed | sec.gov The lease is expected to generate approximately $19 billion of contracted revenue over the initial lease term.checked 9 Nov 2026 |
| 1 Jul 2026 | AnthropicFrontier lab | AMDChip vendor | Chip supplyAMD Helios rack-scale, Instinct MI450 | $20BExpected spend above $20 billion if the full initial capacity is procured; there is no fixed dollar commitment, and an option covers additional capacity. | — | — | Confirmed | sec.gov If we procure the full amount of this initial committed capacity, we expect aggregate expenditures to exceed $20.0 billion over the term of the agreementchecked 9 Nov 2026 |
| 1 Jul 2026 | AnthropicFrontier lab | AMDChip vendor | Equity + computeAMD Instinct MI450 | $5BUp to $5 billion of Anthropic stock that AMD commits to buy in increments as GPU delivery milestones are met, the first expected in 2027. | — | — | Confirmed | sec.gov has provided a commitment to purchase up to $5.0 billion of our Class N common stock, which becomes available for us to draw on in incrementschecked 9 Nov 2026 |
| 22 Jun 2026 | Reflection AINeolab | SpaceXAINeocloud | Capacity contractNVIDIA GB300 | $6.3Bamount reportedper CNBC: $150M/month from Jul 1 2026 through 2029 (~$6.3B if full term); 90-day exit after first three months | — | 3 yr | Confirmed | thestar.com.my agreed to pay SpaceX $150 million per month beginning July 1, 2026, through 2029checked 9 Nov 2026 |
| 18 Jun 2026 | CoreWeaveNeocloud | Bond investors (144A)Lender | Debt financing | $1.25BUS dollar tranche only ($1.25 billion of 9.625% notes due 2032); CoreWeave issued EUR 2.0 billion of 8.500% notes due 2032 at the same time. | — | 6 yr | Confirmed | sec.gov €2,000 million in aggregate principal amount of its euro-denominated 8.500% Senior Notes due 2032checked 9 Nov 2026 |
| 9 Jun 2026 | Applied Digital (APLD ComputeCo 3 LLC)Capacity landlord | Bond investors (144A)Lender | Debt financing | $1.59B7.000% senior secured notes due 2031 | 150 MW | 5 yr | Confirmed | |
| 9 Jun 2026 | Broadcom AI XPV PlatformChip vendor | Apollo (lead); Blackstone Credit & InsuranceLender | Debt financingBroadcom custom XPUs (incl. Google TPU racks) | $35BInitial $35 billion tranche of a financing platform that targets more than 20 GW of AI compute through 2028. | 20 GW | — | Confirmed | convergedigest.com The platform initiates operations with a massive $35 billion tranche led by Apollochecked 9 Nov 2026 |
| 8 Jun 2026 | Cipher Digital (Stingray Compute LLC)Capacity landlord | Bond investors (144A)Lender | Debt financing | $810M6.000% senior secured notes due 2031 | — | 5 yr | Confirmed | |
| 8 Jun 2026 | NVIDIAChip vendor | SharonAINeocloud | Capacity contractNVIDIA GB300 | $4.88BUp to $4.88 billion; GPU clusters are delivered in phases. | 72 MW | 6 yr | Confirmed | |
| 8 Jun 2026 | Undisclosed tier-one investment-grade hyperscalerHyperscaler | Applied DigitalCapacity landlord | Colocation lease | $5.2BA 210 MW, 15-year lease at the Delta Forge 2 campus in Alabama with an unnamed tier-one investment-grade hyperscaler, about $5.2 billion of base-term contracted revenue. | 210 MW | 15 yr | Confirmed | sec.gov signed a 210 MW, 15-year lease at Delta Forge 2 with the Company’s tier-one investment grade hyperscaler customer, representing approximately $5.2 billion of base-term contracted revenuechecked 10 Nov 2026 |
| 5 Jun 2026 | Google CloudHyperscaler | SpaceXAINeocloud | Capacity contractNVIDIA GPUs | $30.4BCalculated from $920 million a month from October 2026 to June 2029; either party may terminate on 90 days' notice after 31 December 2026. | 110,000 GPUs | 2.75 yr | Confirmed | sec.gov the customer has agreed to pay us $920 million per month from October 2026 through June 2029checked 9 Nov 2026 |
| 4 Jun 2026 | Hut 8 (Beacon Point DC LLC)Capacity landlord | Investment-grade bond investors (144A private offering)Lender | Debt financing | $4.25B6.129% senior secured notes due Nov 30 2042, fully amortizing from May 2030; non-recourse to Hut 8 | 352 MW | 16.5 yr | Confirmed | |
| 29 May 2026 | IREN (Hardware 3)Neocloud | Goldman Sachs, JPMorgan (joint lead arrangers)Lender | Debt financingNVIDIA GB300 | $3.6B~$1.5B DDTL at SOFR+2.25% + $2.1B 5.96% senior notes, both due Dec 31 2031; IREN PR calls it $3.65bn, Fitch A / DBRS A(low) | — | 5.5 yr | Confirmed | |
| 21 May 2026 | Thinking Machines LabNeolab | Boost RunNeocloud | Capacity contractNVIDIA B300 | $472MCombined value of two order forms over an initial 36-month term. | 5,000 GPUs | 3 yr | Confirmed | sec.gov for an initial term of 36 months, with a combined total contract value of approximately $471.7 millionchecked 9 Nov 2026 |
| 19 May 2026 | Google-Blackstone TPU cloud JVNeocloud | Google CloudHyperscaler | Joint ventureGoogle TPU | $5BBlackstone's initial equity commitment as majority owner of a TPU cloud joint venture with Google; the first 500 MW is expected online in 2027. | 500 MW | — | Confirmed | ciodive.com Blackstone will make an initial commitment of $5 billion in equity capitalchecked 9 Nov 2026 |
| 18 May 2026 | CoreWeaveNeocloud | Morgan Stanley, MUFG (joint lead arrangers)Lender | Debt financing | $3.1BDDTL 5.0; SOFR+4.50%; ~5.5-year maturity | — | 5.5 yr | Confirmed | |
| 12 May 2026 | IRENNeocloud | Convertible note investors (144A)Lender | Debt financing | $2.6B1.00% convertible senior notes due December 2033; the initial purchasers had an option for up to $400 million more. | — | 7.5 yr | Confirmed | sec.gov offering of $2.6 billion aggregate principal amount of 1.00% convertible senior notes due 2033checked 9 Nov 2026 |
| 7 May 2026 | NVIDIAChip vendor | IRENNeocloud | Capacity contractNVIDIA Blackwell (air-cooled) | $3.4BFive-year managed AI cloud contract; IREN also granted Nvidia the right to buy up to 30 million shares at $70. | 60 MW | 5 yr | Confirmed | sec.gov We also signed a 5-year, $3.4bn AI Cloud contract with NVIDIA and entered into a broader strategic partnershipchecked 9 Nov 2026 |
| 6 May 2026 | Undisclosed high-investment-grade tenant (Beacon Point Phase 1)Undisclosed | Hut 8Capacity landlord | Colocation lease | $9.8BPhase 1 of Beacon Point; the tenant is rated AA- or higher and also signed Phase 2 in July 2026. | 352 MW | 15 yr | Confirmed | sec.gov representing $9.8 billion in base-term contract value on a triple-net, take-or-pay basischecked 9 Nov 2026 |
| 3 May 2026 | AnthropicFrontier lab | SpaceXAI (SpaceX; formerly xAI)Neocloud | Capacity contractNVIDIA GPUs (Colossus, Colossus II) | $121BUp to $120.5 billion into 2029, about $3.1 billion a month once all capacity is delivered; after the initial non-cancellable periods either side may end the arrangements on 90 days' notice. | 325,000 GPUs | 3 yr | Confirmed | sec.gov we agreed to spend an aggregate of up to $120.5 billion over terms extending into 2029, consisting of approximately $3.1 billion in the aggregate per month once all capacity has been deliveredchecked 9 Nov 2026 |
| 30 Apr 2026 | Hut 8 (Hut 8 DC LLC)Capacity landlord | Investment-grade bond investors (144A private offering)Lender | Debt financing | $3.25B6.192% senior secured notes due 2042; fully amortizing 16.5-year (per Q1 2026 release) | 245 MW | 16.5 yr | Confirmed | |
| 24 Apr 2026 | SpaceXAIFrontier lab | Valor Equity PartnersLender | Debt financingNVIDIA | $6.59BTotal undiscounted payments under a five-year equipment lease of AI infrastructure hardware. | — | 5 yr | Confirmed | sec.gov for certain AI infrastructure hardware (“Valor transaction III”) for total undiscounted lease payments of $6,587 million.checked 9 Nov 2026 |
| 23 Apr 2026 | Thinking Machines LabNeolab | Google CloudHyperscaler | Capacity contractNVIDIA GB300 (A4X Max) | undisclosed | — | — | Confirmed | eweek.com sources familiar with the deal told TechCrunch the agreement is valued in the “single-digit billions.”checked 10 Nov 2026 |
| 20 Apr 2026 | AnthropicFrontier lab | Amazon Web ServicesHyperscaler | Capacity contractTrainium2-Trainium4, Graviton | $110BMinimum spend from May 2026 to April 2036 (registration statement); Anthropic's announcement cited more than $100 billion over ten years and up to 5 GW. | 5 GW | 10 yr | Confirmed | sec.gov we committed to spend an aggregate of at least $110.0 billion between May 2026 and April 2036, regardless of actual usage.checked 9 Nov 2026 |
| 20 Apr 2026 | AnthropicFrontier lab | Amazon Web ServicesHyperscaler | Equity + compute | $5BAbout $5.0 billion of preferred stock, plus up to $20.0 billion of further financing available in $5 billion increments as compute milestones are met (registration statement). | — | — | Confirmed | sec.gov Amazon purchased 19.3 million shares of the Company’s Series G-2 non-voting redeemable convertible preferred stock for approximately $5.0 billion and will provide up to $20.0 billion of debt and/or equity financing in…checked 9 Nov 2026 |
| 15 Apr 2026 | Jane StreetEnterprise | CoreWeaveNeocloud | Equity + computeNVIDIA Vera Rubin | $6BAbout $6 billion of commitments to use CoreWeave's AI cloud; Jane Street also invested $1 billion in CoreWeave stock at $109 a share. | — | — | Confirmed | coreweave.com Jane Street has committed approximately $6 billion to use CoreWeave’s AI cloud platform.checked 9 Nov 2026 |
| 14 Apr 2026 | CoreWeaveNeocloud | Bond investors (144A)Lender | Debt financing | $5.75B$1.75B 9.750% senior notes due Oct 1 2031 + $4.0B 1.75% convertible senior notes due Oct 1 2032 (closed same day) | — | 5.5 yr | Confirmed | sec.gov $4,000,000,000 aggregate principal amount of its 1.75% Convertible Senior Notes due 2032checked 9 Nov 2026 |
| 10 Apr 2026 | AnthropicFrontier lab | CoreWeaveNeocloud | Capacity contract | undisclosed | — | — | Confirmed | coreweave.comchecked 9 Nov 2026 |
| 6 Apr 2026 | AnthropicFrontier lab | BroadcomChip vendor | Chip supplyGoogle TPU (custom, Broadcom-built), leased as racks | $161BAbout $161.2 billion of aggregate rent, excluding interest, over five-year TPU equipment leases (registration statement); access to about 3.5 GW of TPU compute from 2027 depends on Anthropic's commercial success (Broadcom current report). | 3.5 GW | 5 yr | Confirmed | sec.gov Our rent payments over the life of these leases are equal to an aggregate of approximately $161.2 billion excluding interestchecked 9 Nov 2026 |
| 6 Apr 2026 | AnthropicFrontier lab | Google CloudHyperscaler | Capacity contractGoogle TPU (incl. TPUs supplied through Broadcom) | $121BMinimum spend from April 2026 to July 2033 under a hosting agreement amended between May and October 2026 (registration statement). | — | 7 yr | Confirmed | sec.gov pursuant to which we committed to spend at least approximately $121.3 billion between April 2026 and July 2033, regardless of actual usage.checked 9 Nov 2026 |
| 31 Mar 2026 | AnthropicFrontier lab | BroadcomChip vendor | Debt financingGoogle TPU (Broadcom-supplied) | $42BUp to $42 billion of convertible notes that Anthropic may issue to Broadcom solely to finance rent under its TPU equipment leases. | — | 5 yr | Confirmed | sec.gov we have the ability to issue, if needed, up to $42.0 billion in aggregate principal amount of convertible promissory notes to Broadcomchecked 9 Nov 2026 |
| 31 Mar 2026 | CoreWeaveNeocloud | Blackstone Credit & Insurance (anchor); MUFG, Morgan Stanley (structuring)Lender | Debt financing | $8.5BAbout $7.5 billion is drawable at first, rising to $8.5 billion as assets stabilize; matures in March 2032. | — | 6 yr | Confirmed | |
| 30 Mar 2026 | Mistral AINeolab | Bank consortium (BNP Paribas, Credit Agricole CIB, HSBC, MUFG + 3 others)Lender | Debt financingNVIDIA GB300 | $830MMistral's first debt raise; to buy 13,800 Nvidia chips (GB300 per media) | 44 MW | — | Confirmed | |
| 16 Mar 2026 | MetaFrontier lab | NebiusNeocloud | Capacity contractNVIDIA Vera Rubin | $27BUp to about $27 billion: $12 billion of dedicated capacity plus Meta's commitment to buy up to $15 billion of additional capacity over five years. | — | 5 yr | Confirmed | |
| 11 Mar 2026 | NebiusNeocloud | NVIDIAChip vendor | Equity + computeNVIDIA Rubin, Vera CPUs, BlueField | $2Bequity investment (structure not in release; media: pre-funded warrants for ~21M shares) | 5 GW | — | Confirmed | |
| 10 Mar 2026 | Thinking Machines LabNeolab | NVIDIAChip vendor | Equity + computeNVIDIA Vera Rubin | undisclosed | 1 GW | — | Confirmed | |
| 4 Mar 2026 | Applied Digital (APLD ComputeCo 2 LLC)Capacity landlord | Bond investors (144A)Lender | Debt financing | $2.15B6.750% senior secured notes due 2031, issued at 98% | 200 MW | 5 yr | Confirmed | |
| 1 Mar 2026 | AnthropicFrontier lab | Google CloudHyperscaler | Equity + compute | $10BAbout $10 billion of preferred stock, plus Google's commitment to provide further debt or equity financing through 2030 (registration statement). | — | — | Confirmed | sec.gov Google purchased 38.6 million shares of the Company’s Series G-2 non-voting redeemable convertible preferred stock for approximately $10.0 billion and will provide up to $30.0 billion of debt and/or equity financing t…checked 9 Nov 2026 |
| 1 Mar 2026 | Amazon Web ServicesHyperscaler | CerebrasChip vendor | Chip supplyCerebras wafer-scale systems in AWS data centers | undisclosed | — | — | Reported | |
| 1 Mar 2026 | MetaFrontier lab | CoreWeaveNeocloud | Capacity contract | $21BNew commitment signed in March 2026, in addition to the September 2025 agreement. | — | — | Confirmed | sec.gov Executed multiple new agreements with Meta, including a new $21 billion commitment signed in March.checked 9 Nov 2026 |
| 27 Feb 2026 | OpenAIFrontier lab | Amazon Web ServicesHyperscaler | Equity + compute | $50B$15 billion invested initially and $35 billion when conditions are met; announced with a $100 billion expansion of OpenAI's AWS contract. | — | — | Confirmed | |
| 27 Feb 2026 | OpenAIFrontier lab | Amazon Web ServicesHyperscaler | Capacity contractTrainium3, Trainium4 | $100Bexpansion of the existing $38B agreement by $100B over 8 years | 2 GW | 8 yr | Confirmed | sec.gov OpenAI and AWS are expanding their existing $38 billion multi-year agreement by $100 billion over 8 years.checked 9 Nov 2026 |
| 27 Feb 2026 | OpenAIFrontier lab | NVIDIAChip vendor | Equity + computeNVIDIA Vera Rubin | $30BNvidia equity investment in OpenAI's $110B round (later $122B, closed Mar 31 2026); compute = 3 GW dedicated inference + 2 GW training on Vera Rubin | 5 GW | — | Confirmed | cnbc.com OpenAI will use 3 gigawatts of dedicated inference capacity and 2 gigawatts of training capacitychecked 9 Nov 2026 |
| 26 Feb 2026 | MetaFrontier lab | Google CloudHyperscaler | Capacity contractGoogle TPU | undisclosed | — | — | Reported | thestar.com.my a multi-billion dollar deal to rent artificial intelligence chips from Googlechecked 9 Nov 2026 |
| 24 Feb 2026 | MetaFrontier lab | AMDChip vendor | Chip supplycustom AMD Instinct (MI450 architecture), EPYC Venice, Helios rack | undisclosed | 6 GW | — | Confirmed | sec.gov AMD has issued Meta a performance-based warrant for up to 160 million shares of AMD common stockchecked 9 Nov 2026 |
| 18 Feb 2026 | MetaFrontier lab | NVIDIAChip vendor | GPU purchaseBlackwell, Rubin GPUs; Grace CPUs (standalone); Vera CPUs from 2027; Spectrum-X | undisclosed | — | — | Confirmed | pureai.com NVIDIA said it will supply Meta with millions of Blackwell and Rubin GPUschecked 9 Nov 2026 |
| 11 Feb 2026 | Mistral AINeolab | EcoDataCenterCapacity landlord | Colocation leaseNVIDIA Vera Rubin | $1.4BEUR 1.2B investment (USD ~1.4B per media conversion) | — | — | Confirmed | ecodatacenter.tech a strategic, long-term investment of €1.2 billion in Sweden’s digital infrastructurechecked 9 Nov 2026 |
| 26 Jan 2026 | CoreWeaveNeocloud | NVIDIAChip vendor | Equity + compute | $2BClass A common stock investment; closed in Q1 2026 | 5 GW | — | Confirmed | |
| 16 Jan 2026 | AMDChip vendor | Riot PlatformsCapacity landlord | Colocation lease | $311MInitial 10-year term; three 5-year extensions would bring about $1.0 billion, and AMD holds options on up to 200 MW. | 25 MW | 10 yr | Confirmed | |
| 14 Jan 2026 | CerebrasChip vendor | OpenAILender | Debt financing | $1Bsecured promissory note ('Working Capital Loan') funded by OpenAI in January 2026, 6% stated interest; repaid via non-cash billings ($918.2M outstanding at Jun 30 2026) | — | — | Confirmed | sec.gov a secured promissory note of approximately $1.0 billion (the “Working Capital Loan”) funded by OpenAI in January 2026checked 9 Nov 2026 |
| 14 Jan 2026 | OpenAIFrontier lab | CerebrasChip vendor | Capacity contractCerebras WSE-3 (wafer-scale inference) | $20BMore than $20 billion per Cerebras's registration statement for 750 MW, with an option on 1.25 GW more; January 2026 media reports cited more than $10 billion. | 750 MW | — | Confirmed | sec.gov In January 2026, we announced a multi-year deal with OpenAI valued at more than $20 billion dollars.checked 9 Nov 2026 |
| 1 Jan 2026 | xAI (CTC subsidiary)Frontier lab | Valor Equity PartnersLender | Debt financingNVIDIA | $5.37Bdebt recorded for 'Valor transaction II' GPU equipment lease (failed sale-leaseback); entered Jan 2026, amended Feb 18 2026 | — | — | Confirmed | sec.gov The Valor transaction II is deemed to be a failed sale-leaseback transaction and the Company recorded the related debt of $5,365 millionchecked 9 Nov 2026 |
| 17 Dec 2025 | AnthropicFrontier lab | Hut 8Capacity landlord | Colocation lease | undisclosed | 245 MW | — | Confirmed | canada.hut8.com at least 245 megawatts (MW) and up to 2,295 MW of AI data center infrastructurechecked 9 Nov 2026 |
| 17 Dec 2025 | FluidstackNeocloud | Hut 8Capacity landlord | Colocation lease | $7BTotal over the 15-year base term; Google backstops the lease and Fluidstack holds a right of first offer on up to 1,000 MW more. | 245 MW | 15 yr | Confirmed | |
| 17 Dec 2025 | Hut 8Capacity landlord | Google CloudHyperscaler | Backstop | undisclosed | 245 MW | 15 yr | Confirmed | sec.gov Google providing a financial backstop covering obligations for the 15-year base lease termchecked 9 Nov 2026 |
| 11 Dec 2025 | AnthropicFrontier lab | BroadcomChip vendor | Chip supplyGoogle TPU Ironwood racks | $21B$10B order (disclosed Sep 2025, customer unnamed) + $11B additional order in Broadcom's FQ4 2025 | — | — | Confirmed | trendforce.com ordered the latest TPU Ironwood racks and added another $11 billion orderchecked 9 Nov 2026 |
| 8 Dec 2025 | IRENNeocloud | Convertible note investors (144A)Lender | Debt financing | $2.3B$1.15B 0.25% converts due 2032 + $1.15B 1.00% converts due 2033; partly used to repurchase 2029/2030 converts | — | — | Confirmed | sec.gov IREN closed its offering of $1.15 billion aggregate principal amount of 0.25% convertible senior notes due 2032checked 9 Nov 2026 |
| 19 Nov 2025 | HUMAINSovereign | AMD, CiscoChip vendor | Joint ventureAMD Instinct MI450 | undisclosed | 1 GW | — | Confirmed | thestar.com.my The plans include building up to one gigawatt of new data centers to support the joint venture by 2030.checked 9 Nov 2026 |
| 19 Nov 2025 | HUMAINSovereign | Amazon Web ServicesHyperscaler | Joint ventureNVIDIA GB300, AWS Trainium | $5BMore than $5 billion of AWS investment committed in May 2025; the value of the November 2025 expansion was not disclosed. | 150,000 GPUs | — | Confirmed | press.aboutamazon.com plans to provide, deploy and manage up to 150,000 AI acceleratorschecked 9 Nov 2026 |
| 19 Nov 2025 | SpaceXAIFrontier lab | HUMAINSovereign cloud | Capacity contractNVIDIA | undisclosed | 500 MW | — | Reported | nbcnews.com the 500-megawatt data center for xAI would be powered by Nvidia's computing chipschecked 9 Nov 2026 |
| 18 Nov 2025 | AnthropicFrontier lab | MicrosoftHyperscaler | Capacity contractNVIDIA | $30BAnnounced as a $30 billion commitment; after amendments Anthropic reports at least $44.9 billion for November 2026 to June 2033 (registration statement). | 1 GW | — | Confirmed | blogs.microsoft.com Anthropic has committed to purchase $30 billion of Azure compute capacitychecked 9 Nov 2026 |
| 18 Nov 2025 | AnthropicFrontier lab | MicrosoftHyperscaler | Equity + compute | $5BMicrosoft committed to invest up to $5 billion; Nvidia committed up to $10 billion at the same time. | — | — | Confirmed | blogs.microsoft.com NVIDIA and Microsoft are committing to invest up to $10 billion and up to $5 billion respectively in Anthropic.checked 9 Nov 2026 |
| 18 Nov 2025 | AnthropicFrontier lab | NVIDIAChip vendor | Equity + computeNVIDIA | $10BUp to $10 billion investment commitment announced together with the Microsoft agreement. | 1 GW | — | Confirmed | blogs.microsoft.com NVIDIA and Microsoft are committing to invest up to $10 billion and up to $5 billion respectively in Anthropic.checked 9 Nov 2026 |
| 13 Nov 2025 | Applied Digital (APLD ComputeCo LLC)Capacity landlord | High-yield bond investors (144A)Lender | Debt financing | $2.35B9.250% senior secured notes due 2030, issued at 97% | — | 5 yr | Confirmed | sec.gov priced its offering of $2.35 billion aggregate principal amount of 9.250% senior secured notes due 2030checked 9 Nov 2026 |
| 12 Nov 2025 | AnthropicFrontier lab | FluidstackNeocloud | Colocation lease | $50BAnthropic's announced investment in US computing infrastructure (data centers built with Fluidstack in TX and NY) | — | — | Confirmed | anthropic.com we are announcing a $50 billion investment in American computing infrastructurechecked 9 Nov 2026 |
| 11 Nov 2025 | MetaFrontier lab | NebiusNeocloud | Capacity contract | $3Bapprox. value over 5 years | — | 5 yr | Confirmed | sec.gov a new agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over 5 years.checked 9 Nov 2026 |
| 5 Nov 2025 | Cipher Mining (Cipher Compute LLC)Capacity landlord | High-yield bond investors (144A)Lender | Debt financing | $1.4B7.125% senior secured notes due 2030 at par; $333M add-on (Nov 24 2025) took the series to $1.733B | 168 MW | 5 yr | Confirmed | sec.gov The Issuer intends to use the net proceeds from the Offering to finance a portion of the construction cost of the Barber Lake Facilitychecked 9 Nov 2026 |
| 3 Nov 2025 | Amazon Web ServicesHyperscaler | Cipher DigitalCapacity landlord | Colocation lease | $5.5Bapprox. contract value over 15 years | 300 MW | 15 yr | Confirmed | sec.gov Cipher today announced an approximately $5.5 billion, 15-year lease agreement with Amazon Web Serviceschecked 9 Nov 2026 |
| 3 Nov 2025 | MicrosoftHyperscaler | IRENNeocloud | Capacity contractNVIDIA GB300 | $9.7BTotal value over five years, including a 20% prepayment. | 200 MW | 5 yr | Confirmed | |
| 3 Nov 2025 | MicrosoftHyperscaler | LambdaNeocloud | Capacity contractNVIDIA GB300 NVL72 | undisclosed | — | — | Confirmed | lambda.com Lambda, the Superintelligence Cloud, today announced a multibillion-dollar agreement with Microsoft to deploy AIchecked 9 Nov 2026 |
| 3 Nov 2025 | OpenAIFrontier lab | Amazon Web ServicesHyperscaler | Capacity contractNVIDIA GB200, GB300 (EC2 UltraServers) | $38Bmulti-year, growing over seven years | — | 7 yr | Confirmed | aboutamazon.com Under this new $38 billion agreement, which will have continued growth over the next seven years,checked 9 Nov 2026 |
| 30 Oct 2025 | PoolsideNeolab | NVIDIAChip vendor | Equity + computeNVIDIA GB300 | $1Bamount reportedReported by Bloomberg: Nvidia's investment would start at $500 million and rise to $1 billion if Poolside meets fundraising targets. | — | — | Reported | bloomberg.comchecked 9 Nov 2026 |
| 29 Oct 2025 | AnthropicFrontier lab | Amazon Web ServicesHyperscaler | Capacity contractAWS Trainium2 | undisclosed | 500,000 GPUs | — | Confirmed | aboutamazon.com which features nearly half a million Trainium2 chips and provides more than five times the compute powerchecked 9 Nov 2026 |
| 28 Oct 2025 | FluidstackNeocloud | TeraWulf (Abernathy JV)Capacity landlord | Joint venture | $9.5Bcontracted revenue to the JV over 25-year hosting commitment (may be shortened to 20 or 15 years) | 168 MW | 25 yr | Confirmed | sec.gov The 25-year hosting commitment represents approximately $9.5 billion in contracted revenue to the joint venture.checked 9 Nov 2026 |
| 28 Oct 2025 | OpenAIFrontier lab | MicrosoftHyperscaler | Capacity contract | $250Bincremental Azure services commitment (no term disclosed) | — | — | Confirmed | blogs.microsoft.com OpenAI has contracted to purchase an incremental $250B of Azure serviceschecked 9 Nov 2026 |
| 28 Oct 2025 | TeraWulf (Abernathy JV)Capacity landlord | Google CloudHyperscaler | Backstop | $1.3BGoogle backstops $1.3 billion of Fluidstack's long-term lease obligations supporting project debt at the Abernathy joint venture. | 168 MW | — | Confirmed | sec.gov Google backstops $1.3 billion of Fluidstack's long-term lease obligations in support of project debtchecked 9 Nov 2026 |
| 23 Oct 2025 | AnthropicFrontier lab | Google CloudHyperscaler | Capacity contractGoogle TPU (up to 1M TPUs) | undisclosed | 1 GW | — | Confirmed | |
| 22 Oct 2025 | Undisclosed U.S. investment-grade hyperscalerHyperscaler | Applied DigitalCapacity landlord | Colocation lease | $5Bapprox. prospective lease revenue over ~15-year term | 200 MW | 15 yr | Confirmed | sec.gov representing approximately $5 billion of prospective lease revenue over the term of its leasechecked 9 Nov 2026 |
| 21 Oct 2025 | MetaFrontier lab | Blue Owl Capital (funds)Lender | Joint venture | $27BAbout $27 billion of total development costs for the Hyperion campus, funded 80% by Blue Owl and 20% by Meta. | — | 4 yr | Confirmed | |
| 20 Oct 2025 | Vantage Data Centers (Frontier, Shackelford County TX; Port Washington WI)Capacity landlord | JPMorgan, MUFG (lead banks)Lender | Debt financing | $38Bamount reportedReported financing of two facilities ($23.25 billion in Texas and $14.75 billion in Wisconsin); closing was not confirmed. | — | — | Reported | itiger.comchecked 9 Nov 2026 |
| 16 Oct 2025 | TeraWulf (WULF Compute LLC)Capacity landlord | Morgan Stanley (sole bookrunner); 144A investorsLender | Debt financing | $3.2B7.750% senior secured notes due Oct 15 2030, at par | — | 5 yr | Confirmed | sec.gov has priced a $3.2 billion offering (the “Offering”) of 7.750% senior secured notes due 2030 (the “Notes”) at par.checked 9 Nov 2026 |
| 15 Oct 2025 | MicrosoftHyperscaler | NscaleNeocloud | Capacity contractNVIDIA GB300; later Vera Rubin NVL72 (66,000+ at Sines) | $43.8BUp to about $43.8 billion through December 2033 under statements of work signed between September 2025 and April 2026; in October 2026 Microsoft withdrew from the 50 MW Loughton, UK site. In November 2026 the Financial Times reported that Microsoft had declined an option to more than double the capacity it rents at Nscale's 240 MW Barstow, Texas campus; the existing Texas contract stays in place (reported, not confirmed). | 200,000 GPUs | — | Confirmed | sec.gov provide for payments to us of up to approximately $43.8 billion through December 2033checked 10 Nov 2026 |
| 15 Oct 2025 | PoolsideNeolab | CoreWeaveNeocloud | Capacity contractNVIDIA GB300 NVL72 | undisclosed | 250 MW | — | Confirmed | investors.coreweave.com CoreWeave will provide a state-of-the-art cluster of NVIDIA GB300 NVL72 systems, including more than 40,000 GPUs.checked 9 Nov 2026 |
| 14 Oct 2025 | OracleHyperscaler | AMDChip vendor | GPU purchaseAMD Instinct MI450 (Helios racks) | undisclosed | 50,000 GPUs | — | Confirmed | |
| 13 Oct 2025 | OpenAIFrontier lab | BroadcomChip vendor | Chip supplyOpenAI-designed custom accelerator (first chip 'Jalapeno' unveiled Jun 24 2026) + Broadcom Ethernet racks | undisclosed | 10 GW | — | Confirmed | cnbc.com jointly building and deploying 10 gigawatts of custom artificial intelligence acceleratorschecked 9 Nov 2026 |
| 12 Oct 2025 | xAI (CTC subsidiary)Frontier lab | Valor Equity PartnersLender | Debt financingNVIDIA (Colossus 2) | $4.51BThe value is the debt recorded at 31 December 2025 for a GPU equipment lease accounted for as financing; the full vehicle was reported at about $20 billion. | — | 5 yr | Confirmed | sec.gov the Company recorded the related debt of $455 million and $4,052 million within Debt and finance leases, current and Debt and finance leases, net of currentchecked 9 Nov 2026 |
| 6 Oct 2025 | OpenAIFrontier lab | AMDChip vendor | GPU purchaseAMD Instinct MI450 (first 1 GW from 2H 2026) | undisclosed | 6 GW | — | Confirmed | sec.gov AMD has issued OpenAI a warrant for up to 160 million shares of AMD common stock, structured to vest as specific milestones are achieved.checked 9 Nov 2026 |
| 1 Oct 2025 | OpenAIFrontier lab | Samsung Electronics; SK hynixChip vendor | Chip supplyDRAM / HBM | undisclosed | — | — | Reported | |
| 25 Sep 2025 | Cipher DigitalCapacity landlord | Google CloudHyperscaler | Backstop | $1.4BGoogle backstops $1.4 billion of Fluidstack's lease obligations at Barber Lake and received warrants for about 5.4% of Cipher. | 168 MW | — | Confirmed | |
| 25 Sep 2025 | FluidstackNeocloud | Cipher DigitalCapacity landlord | Colocation lease | $3BContracted revenue over the initial 10-year term; in September 2026 the lease was extended to 20 years, taking Barber Lake contracted revenue above $9 billion. | 168 MW | 10 yr | Confirmed | sec.gov The agreement represents approximately $3 billion in contracted revenue over the initial 10-year termchecked 9 Nov 2026 |
| 25 Sep 2025 | MetaFrontier lab | CoreWeaveNeocloud | Capacity contract | $14.2BUp to about $14.2 billion of initial commitments through December 2031, with an option to expand; Meta added a $21 billion commitment in March 2026. | — | 6 yr | Confirmed | sec.gov Meta has initially committed to pay the Company up to approximately $14.2 billion through December 14, 2031checked 9 Nov 2026 |
| 25 Sep 2025 | OpenAIFrontier lab | CoreWeaveNeocloud | Capacity contract | $6.5BUp to $6.5 billion through May 2031, bringing OpenAI's total contract value with CoreWeave to about $22.4 billion. | — | — | Confirmed | sec.gov OpenAI has committed to pay the Company up to approximately $6.5 billion through May 31, 2031 under the Order Form.checked 9 Nov 2026 |
| 22 Sep 2025 | OpenAIFrontier lab | NVIDIAChip vendor | Equity + computeNVIDIA Vera Rubin | $100Bamount reportedLetter of intent for up to $100 billion of Nvidia investment as each gigawatt is deployed; it was not finalised and was replaced in February 2026 by a $30 billion equity investment. | 10 GW | — | Reported | nvidianews.nvidia.com NVIDIA intends to invest up to $100 billion in OpenAI as the new NVIDIA systems are deployed.checked 9 Nov 2026 |
| 19 Sep 2025 | MetaFrontier lab | OracleHyperscaler | Capacity contract | $20Bamount reportedReported by Bloomberg as talks of about $20 billion; not confirmed as signed. | — | — | Reported | deccanchronicle.com Oracle is in discussions with Meta for a cloud computing deal worth about $20 billionchecked 9 Nov 2026 |
| 16 Sep 2025 | MicrosoftHyperscaler | NscaleNeocloud | Capacity contractNVIDIA GB300 | undisclosed | 50 MW | — | Confirmed | |
| 16 Sep 2025 | OpenAIFrontier lab | Nscale (Stargate UK)Neocloud | Capacity contractNVIDIA | undisclosed | 8,000 GPUs | — | Reported | |
| 9 Sep 2025 | CoreWeaveNeocloud | NVIDIAChip vendor | Backstop | $6.3BInitial value of the order: Nvidia must buy any capacity CoreWeave leaves unsold through 13 April 2032. | — | 6.6 yr | Confirmed | sec.gov NVIDIA is obligated to purchase the residual unsold capacity through April 13, 2032.checked 9 Nov 2026 |
| 8 Sep 2025 | MicrosoftHyperscaler | NebiusNeocloud | Capacity contract | $17.4BTotal contract value through 2031; up to about $19.4 billion if Microsoft buys additional services. | — | 5 yr | Confirmed | |
| 5 Sep 2025 | NVIDIAChip vendor | LambdaNeocloud | Capacity contract | $1.5Bamount reportedReported by The Information as a four-year leaseback of GPU servers; not confirmed by the companies. | 18,000 GPUs | 4 yr | Reported | tomshardware.comchecked 9 Nov 2026 |
| 21 Aug 2025 | MetaFrontier lab | Google CloudHyperscaler | Capacity contract | $10Bamount reportedReported by Reuters citing one source as more than $10 billion over six years; not confirmed by the companies. | — | 6 yr | Reported | ksl.com Google has struck a six-year cloud computing deal with Meta Platforms worth more than $10 billionchecked 9 Nov 2026 |
| 18 Aug 2025 | FluidstackNeocloud | TeraWulfCapacity landlord | Colocation lease | $6.7BTotal contracted revenue including the CB-5 expansion; lease extensions could raise it to about $16 billion. | 160 MW | 10 yr | Confirmed | sec.gov Represents $6.7 Billion in Contracted Revenue, with Potential to Reach $16 Billion with Lease Extensionschecked 9 Nov 2026 |
| 15 Aug 2025 | CoreWeaveNeocloud | Galaxy DigitalCapacity landlord | Colocation lease | undisclosed | 800 MW | 15 yr | Confirmed | galaxy.com CoreWeave has now committed to the full 800 MW of approved power capacitychecked 9 Nov 2026 |
| 15 Aug 2025 | Galaxy Digital (Helios)Capacity landlord | Undisclosed lender (reported Deutsche Bank)Lender | Debt financing | $1.4Bproject financing facility, 80% loan-to-cost, 36-month term; Galaxy funded $350M equity | — | 3 yr | Confirmed | galaxy.com today announced the closing of a $1.4 billion project financing facilitychecked 9 Nov 2026 |
| 14 Aug 2025 | FluidstackNeocloud | TeraWulfCapacity landlord | Colocation lease | $3.7BContracted revenue over the initial 10-year terms; two 5-year options could raise it to about $8.7 billion. Google backstops part of the lease obligations. | 200 MW | 10 yr | Confirmed | sec.gov The agreements represent approximately $3.7 billion in contracted revenue over the initial 10-year termschecked 9 Nov 2026 |
| 14 Aug 2025 | TeraWulfCapacity landlord | Google CloudHyperscaler | Backstop | $1.8BGoogle backstops up to $1.8 billion of Fluidstack's lease obligations and received warrants for about 8% of TeraWulf; on 18 August 2025 both were raised to about $3.2 billion and about 14%. | 200 MW | — | Confirmed | |
| 31 Jul 2025 | CoreWeaveNeocloud | Morgan Stanley, MUFG (joint lead arrangers); Goldman Sachs et al.Lender | Debt financing | $2.6Bdelayed draw term loan (DDTL 3.0), SOFR+4% | — | — | Confirmed | |
| 31 Jul 2025 | OpenAIFrontier lab | Nscale / Aker JV (Stargate Norway)Neocloud | Capacity contractNVIDIA | undisclosed | 230 MW | — | Reported | nscale.com Stargate Norway is planned to deliver 230MW of capacity, with ambitions to expand by an additional 290MW.checked 9 Nov 2026 |
| 22 Jul 2025 | OpenAIFrontier lab | OracleHyperscaler | Capacity contract | $300Bamount reportedThe 4.5 GW agreement was announced by OpenAI; the $300 billion five-year value was reported by The Wall Street Journal and not confirmed by the companies. | 4.5 GW | 5 yr | Confirmed | cnbc.com The Wall Street Journal on Wednesday reported that OpenAI is set to pay Oracle $300 billion over five years.checked 9 Nov 2026 |
| 30 Jun 2025 | SpaceXAIFrontier lab | Bond and loan investors (Morgan Stanley-led per media)Lender | Debt financing | $5B$3.0B 12.5% senior secured notes due 2030 + $1.0B fixed-rate (12.5%) and $1.0B floating-rate (SOFR+7.25%) term loans due Jun 30 2030 | — | 5 yr | Confirmed | sec.gov issued $3,000 million aggregate principal amount of 12.5% interest Senior Secured Notes due in 2030checked 9 Nov 2026 |
| 11 Jun 2025 | Mistral AINeolab | NVIDIAChip vendor | GPU purchaseNVIDIA Grace Blackwell | undisclosed | 18,000 GPUs | — | Confirmed | mistral.ai with availability of tens of thousands of GPUs, and rapid expansion in the coming years.checked 9 Nov 2026 |
| 10 Jun 2025 | OpenAIFrontier lab | Google CloudHyperscaler | Capacity contract | undisclosed | — | — | Reported | techzine.euchecked 9 Nov 2026 |
| 28 May 2025 | CoreWeaveNeocloud | Applied DigitalCapacity landlord | Colocation lease | $7BAbout $7 billion over 15 years for two buildings (250 MW); CoreWeave later took the full 400 MW at Polaris Forge 1, about $11 billion in total. | 250 MW | 15 yr | Confirmed | sec.gov for the Building 3 Datacenter Lease is expected to be approximately $4 billionchecked 9 Nov 2026 |
| 22 May 2025 | OpenAIFrontier lab | G42 (Stargate UAE)Sovereign cloud | Capacity contractNVIDIA GB300 | undisclosed | 1 GW | — | Confirmed | intelligentcio.com Stargate UAE, a 1-gigawatt compute cluster, will be built by G42 and operated by OpenAI and Oracle.checked 9 Nov 2026 |
| 21 May 2025 | CrusoeNeocloud | Blue Owl Capital, Primary Digital InfrastructureLender | Joint venture | $15B$15 billion is the total size of the joint venture for the Abilene, Texas campus across two phases, not a single loan. | 1.2 GW | — | Confirmed | crusoe.ai announced today the second phase of a $15 billion joint-venture to fund the 1.2 gigawatt AI data center in Abilene, Texas.checked 9 Nov 2026 |
| 16 May 2025 | AnthropicFrontier lab | Morgan Stanley, Barclays, Citibank, Goldman Sachs, JPMorgan, RBC, MUFGLender | Debt financing | $2.5Bfive-year revolving credit line | — | 5 yr | Confirmed | |
| 15 May 2025 | OpenAIFrontier lab | CoreWeaveNeocloud | Capacity contract | $4BUp to $4 billion, expanding the March 2025 contract. | — | — | Confirmed | investors.coreweave.com followed by an expanded agreement worth up to $4 billion in May 2025.checked 9 Nov 2026 |
| 13 May 2025 | HUMAINSovereign | NVIDIAChip vendor | GPU purchaseNVIDIA GB300 Grace Blackwell | undisclosed | 500 MW | 5 yr | Confirmed | |
| 9 Apr 2025 | Safe SuperintelligenceNeolab | Google CloudHyperscaler | Capacity contractGoogle TPU | undisclosed | — | — | Confirmed | techcrunch.comchecked 9 Nov 2026 |
| 10 Mar 2025 | OpenAIFrontier lab | CoreWeaveNeocloud | Capacity contract | $11.9BUp to $11.9 billion; OpenAI also received $350 million of CoreWeave stock at its IPO. | — | 5 yr | Confirmed | wf.coreweave.com The contract value for this strategic deal is up to $11.9 billion.checked 9 Nov 2026 |
| 23 Dec 2024 | Core42 (G42)Sovereign | TeraWulfCapacity landlord | Colocation lease | undisclosed | 60 MW | 10 yr | Confirmed | investors.terawulf.com Critical IT capacity is as follows: 2 MW for the Wulf Den, 16 MW for CB-1, and 42 MW for CB-2.checked 9 Nov 2026 |
| 6 Dec 2024 | CohereNeolab | CoreWeaveNeocloud | Capacity contract | $512MThe value is Cohere's C$725 million compute project in Canada, converted at about 0.706 USD/CAD; the Government of Canada committed up to C$240 million of it. | — | — | Confirmed | |
| 22 Nov 2024 | AnthropicFrontier lab | Amazon Web ServicesHyperscaler | Equity + computeAWS Trainium (Trainium2) | $4BAn additional $4 billion investment in convertible notes paid in tranches, bringing Amazon's total investment in Anthropic to $8 billion. | — | — | Confirmed | |
| 3 Oct 2024 | OpenAIFrontier lab | JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, HSBCLender | Debt financing | $4Brevolving credit line; undrawn at closing | — | — | Confirmed | |
| 29 Aug 2024 | MagicNeolab | Google CloudHyperscaler | Capacity contractNVIDIA H100 (Magic-G4, A3 Mega VMs); NVIDIA Grace Blackwell (Magic-G5) | undisclosed | — | — | Confirmed | cloud.google.com With Google Cloud, Magic will build its G4 supercomputer utilizing A3 Mega VMs powered by NVIDIA H100 Tensor Core GPUs.checked 9 Nov 2026 |
| 3 Jun 2024 | CoreWeaveNeocloud | Core ScientificCapacity landlord | Colocation lease | undisclosed | 590 MW | 12 yr | Confirmed | |
| 17 May 2024 | CoreWeaveNeocloud | Blackstone (lead); Magnetar, Coatue, Carlyle, CDPQ, DigitalBridge Credit, BlackRock, Eldridge, Great ElmLender | Debt financing | $7.5Bdebt financing facility (DDTL 2.0) | — | — | Confirmed | investors.coreweave.com signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstonechecked 9 Nov 2026 |
| 4 Apr 2024 | LambdaNeocloud | Macquarie (lead); Industrial Development FundingLender | Debt financingNVIDIA H100 | $500MUp to $500 million through a GPU-backed special purpose vehicle secured by the GPUs and their cash flows. | — | — | Confirmed | thestar.com.my Lambda has secured a $500 million loan from lenders including Macquarie Groupchecked 9 Nov 2026 |
How to read deal figures
Value. The number is the contract value as the source states it. Many announcements give a ceiling ("up to $X"), a multi-year total, or a figure that includes optional phases. The note under the value carries that wording.
Capacity. Megawatts are recorded only when the source states them, and as stated: critical IT load and gross site power are different things, and announcements do not always say which.
Financing. Debt and backstop rows show who funds the capacity. They are listed in the table and kept out of the buyer-to-provider diagram, because a loan is not a purchase of compute.
Status. Confirmed means a party to the deal or a filing states it. Reported means an outlet reports it and no party has confirmed. See the status rules.
A deal is missing or a figure is wrong? Send the source.