{ "name": "AI Compute Deal Ledger", "publisher": "Regards of Wallstreet", "url": "https://www.regardsofwallstreet.com/data/ai-deals", "methodology": "https://www.regardsofwallstreet.com/data/ai-deals/methodology", "license": "https://creativecommons.org/licenses/by/4.0/", "cite_as": "AI Compute Deal Ledger, Regards of Wallstreet, https://www.regardsofwallstreet.com/data/ai-deals", "last_updated": "2026-08-21", "generated_at": "2026-08-23T18:18:26.492Z", "aggregates": { "bindingValueUsd": 880174000000, "bindingMw": 13217, "bindingCount": 36, "nonBindingValueUsd": 100000000000, "nonBindingCount": 1, "optionUpsideUsd": 41000000000, "dealCount": 43, "entityCount": 45, "mwByDeliveryYear": { "2026": 1766, "2027": 5622, "2028": 4602, "unknown": 1227 } }, "entities": [ { "id": "duos-technologies", "name": "Duos Technologies", "ticker": "DUOT", "kind": "provider", "aliases": [ "Duos Technologies Group", "Duos Edge AI" ] }, { "id": "axe-compute", "name": "Axe Compute", "ticker": "AGPU", "kind": "provider", "aliases": [ "Axe Compute Inc." ] }, { "id": "hive-digital", "name": "HIVE Digital Technologies", "ticker": "HIVE", "kind": "provider", "aliases": [ "HIVE Digital Technologies Ltd.", "BUZZ HPC" ] }, { "id": "undisclosed-enterprise-hive", "name": "Undisclosed investment-grade enterprise customer (HIVE)", "ticker": null, "kind": "undisclosed", "aliases": [] }, { "id": "hut-8", "name": "Hut 8", "ticker": "HUT", "kind": "provider", "aliases": [ "Hut 8 Corp" ] }, { "id": "iren", "name": "IREN", "ticker": "IREN", "kind": "provider", "aliases": [ "IREN Limited", "Iris Energy" ] }, { "id": "applied-digital", "name": "Applied Digital", "ticker": "APLD", "kind": "provider", "aliases": [ "Applied Digital Corporation" ] }, { "id": "super-micro", "name": "Super Micro Computer", "ticker": "SMCI", "kind": "hardware", "aliases": [ "Supermicro" ] }, { "id": "nvidia", "name": "Nvidia", "ticker": "NVDA", "kind": "chipmaker", "aliases": [ "NVIDIA Corporation" ] }, { "id": "microsoft", "name": "Microsoft", "ticker": "MSFT", "kind": "hyperscaler", "aliases": [ "Microsoft Azure", "Azure" ] }, { "id": "oracle", "name": "Oracle", "ticker": "ORCL", "kind": "hyperscaler", "aliases": [ "Oracle Cloud Infrastructure", "OCI" ] }, { "id": "coreweave", "name": "CoreWeave", "ticker": "CRWV", "kind": "provider", "aliases": [] }, { "id": "openai", "name": "OpenAI", "ticker": null, "kind": "ai_lab", "aliases": [] }, { "id": "anthropic", "name": "Anthropic", "ticker": null, "kind": "ai_lab", "aliases": [] }, { "id": "sb-energy", "name": "SB Energy", "ticker": null, "kind": "provider", "aliases": [ "SoftBank Energy" ] }, { "id": "undisclosed-ig-tenant-hut8", "name": "Undisclosed investment-grade tenant (Hut 8)", "ticker": null, "kind": "undisclosed", "aliases": [] }, { "id": "undisclosed-hyperscaler-apld", "name": "Undisclosed hyperscaler (Applied Digital)", "ticker": null, "kind": "undisclosed", "aliases": [] }, { "id": "various-ai-developers", "name": "Various AI developers", "ticker": null, "kind": "undisclosed", "aliases": [] }, { "id": "meta", "name": "Meta", "ticker": "META", "kind": "hyperscaler", "aliases": [ "Meta Platforms" ] }, { "id": "google", "name": "Google", "ticker": "GOOGL", "kind": "hyperscaler", "aliases": [ "Alphabet", "Google Cloud" ] }, { "id": "amazon", "name": "Amazon", "ticker": "AMZN", "kind": "hyperscaler", "aliases": [ "AWS", "Amazon Web Services" ] }, { "id": "nebius", "name": "Nebius", "ticker": "NBIS", "kind": "provider", "aliases": [ "Nebius Group" ] }, { "id": "dell", "name": "Dell", "ticker": "DELL", "kind": "hardware", "aliases": [ "Dell Technologies", "Dell Marketing L.P." ] }, { "id": "softbank", "name": "SoftBank", "ticker": null, "kind": "financier", "aliases": [ "SoftBank Group" ] }, { "id": "mgx", "name": "MGX", "ticker": null, "kind": "financier", "aliases": [] }, { "id": "terawulf", "name": "TeraWulf", "ticker": "WULF", "kind": "provider", "aliases": [ "TeraWulf Inc." ] }, { "id": "fluidstack", "name": "Fluidstack", "ticker": null, "kind": "provider", "aliases": [] }, { "id": "galaxy-digital", "name": "Galaxy Digital", "ticker": "GLXY", "kind": "provider", "aliases": [ "Galaxy Digital Inc.", "Galaxy Digital Holdings" ] }, { "id": "spacex", "name": "SpaceX", "ticker": "SPCX", "kind": "provider", "aliases": [ "Space Exploration Technologies Corp", "xAI", "Colossus" ] }, { "id": "reflection-ai", "name": "Reflection AI", "ticker": null, "kind": "ai_lab", "aliases": [] }, { "id": "sharon-ai", "name": "Sharon AI", "ticker": "SHAZ", "kind": "provider", "aliases": [ "SharonAI Holdings" ] }, { "id": "undisclosed-ai-platform-sharonai", "name": "Undisclosed global AI platform (Sharon AI)", "ticker": null, "kind": "undisclosed", "aliases": [] }, { "id": "core-scientific", "name": "Core Scientific", "ticker": "CORZ", "kind": "provider", "aliases": [ "Core Scientific, Inc." ] }, { "id": "amd", "name": "AMD", "ticker": "AMD", "kind": "chipmaker", "aliases": [ "Advanced Micro Devices" ] }, { "id": "riot", "name": "Riot Platforms", "ticker": "RIOT", "kind": "provider", "aliases": [ "Riot Platforms, Inc.", "Riot Blockchain" ] }, { "id": "apollo", "name": "Apollo Global Management", "ticker": "APO", "kind": "financier", "aliases": [] }, { "id": "blackrock", "name": "BlackRock", "ticker": "BLK", "kind": "financier", "aliases": [] }, { "id": "blackstone", "name": "Blackstone", "ticker": "BX", "kind": "financier", "aliases": [] }, { "id": "brookfield", "name": "Brookfield Asset Management", "ticker": "BAM", "kind": "financier", "aliases": [ "Brookfield" ] }, { "id": "goldman-sachs", "name": "Goldman Sachs", "ticker": "GS", "kind": "financier", "aliases": [ "Goldman Sachs Group" ] }, { "id": "kkr", "name": "KKR", "ticker": "KKR", "kind": "financier", "aliases": [ "KKR & Co." ] }, { "id": "ibm", "name": "IBM", "ticker": "IBM", "kind": "hyperscaler", "aliases": [ "IBM Cloud", "International Business Machines" ] }, { "id": "together-ai", "name": "Together AI", "ticker": null, "kind": "provider", "aliases": [ "Together Computer" ] }, { "id": "digi-power-x", "name": "Digi Power X", "ticker": "DGXX", "kind": "provider", "aliases": [ "Digi Power X Inc.", "Digihost Technology" ] }, { "id": "cerebras", "name": "Cerebras", "ticker": null, "kind": "chipmaker", "aliases": [ "Cerebras Systems", "Cerebras Systems Inc." ] }, { "id": "jane-street", "name": "Jane Street", "ticker": null, "kind": "financier", "aliases": [ "Jane Street Group", "Jane Street Capital" ] } ], "deals": [ { "id": "hive-buzzhpc-gpu-cloud-2026-08", "announced": "2026-08-19", "disclosed_via": "8-k", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "hive-digital", "role": "provider" }, { "entity": "undisclosed-enterprise-hive", "role": "buyer" } ], "value": { "amount_usd": 350000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-08-19" }, "term_years": 5, "capacity": { "mw_it": null, "chip_count": 2016, "chip_type": "Nvidia Blackwell Ultra" }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": "Five-year GPU cloud services agreement via HIVE's BUZZ HPC subsidiary, built around a dedicated cluster of 2,016 Nvidia Blackwell Ultra GPUs at HIVE's hydro-powered Merritt, British Columbia facility. Company-stated total contract value ~$350M (~$70M/yr annualized revenue), against ~$185M of capex HIVE expects to spend building out the cluster. Counterparty disclosed only as 'an investment-grade enterprise customer'; no MW/IT-load figure given, so this row relies on the disclosed dollar value (clears the $100M threshold) rather than a capacity figure for inclusion." }, "sources": [ { "url": "https://www.hivedigitaltechnologies.com/news/hives-buzz-hpc-signs-350-million-ai-cloud-services-agreement-with-investment-grade-enterprise-customer/", "type": "primary", "date": "2026-08-19" }, { "url": "https://www.theblock.co/news/business/2026-08-17-bitcoin-miner-hive-inks-five-year-350-million-ai-cloud-contract-411940", "type": "other", "date": "2026-08-17" } ], "articles": [], "notes": "Surfaced via the EDGAR watchlist keyword hit on HIVE's 8-K filed 2026-08-19. Sourcing is one primary company release plus The Block (crypto/tech trade press, not a Reuters/Bloomberg/CNBC/WSJ/FT tier-1 outlet); no independent tier-1 confirmation found. Counterparty is unnamed, following the same undisclosed-counterparty pattern already used for Hut 8, Applied Digital and Sharon AI rows -- flagged via counterparty_unnamed rather than omitted, since the dollar figure and GPU count are independently disclosed and verifiable against HIVE's own filings.", "revisions": [] }, { "id": "duos-axe-compute-expansion-2026-08", "announced": "2026-08-17", "disclosed_via": "8-k", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "duos-technologies", "role": "provider" }, { "entity": "axe-compute", "role": "buyer" } ], "value": { "amount_usd": 500000000, "kind": "company_stated", "basis": "base_term", "qualifier": "at_least", "max_with_options_usd": null, "as_of": "2026-08-17" }, "term_years": 5, "capacity": { "mw_it": 55, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": "duos-axe-compute-columbus-2026-07", "counterparty_unnamed": false, "circular": false, "conditions": "Five-year hosting agreements for 55 MW of new AI data center capacity across multiple, unnamed additional U.S. sites, explicitly 'in addition to' the companies' existing 10 MW Columbus, Georgia deployment (duos-axe-compute-columbus-2026-07): a distinct, additive commitment, not a restatement of the earlier deal. Aggregate value is '$500 million+' in contractual base payments over the 5-year term, excluding electricity/usage charges -- an undiscounted multi-year total with escalators, not a single upfront payment. Initial project readiness targeted late 2026 into early 2027, subject to construction, commissioning and Axe Compute's written acceptance. The companies also signed nonbinding term sheets for Axe Compute to take minority (up to 49%) equity stakes in the project entities; that equity piece is not itself quantified in dollars and is not included in this row's value." }, "sources": [ { "url": "https://www.globenewswire.com/news-release/2026/08/17/3346084/12618/en/duos-technologies-signs-five-year-55-mw-hosting-agreements-with-axe-compute-valued-at-over-500-million.html", "type": "primary", "date": "2026-08-17" }, { "url": "https://www.globenewswire.com/news-release/2026/08/17/3346088/37244/en/axe-compute-and-duos-technologies-enter-into-agreements-for-55-mw-of-new-ai-data-center-capacity-across-multiple-u-s-locations.html", "type": "primary", "date": "2026-08-17" }, { "url": "https://www.datacenterdynamics.com/en/news/axe-compute-and-duos-technologies-sign-55mw-capacity-agreement/", "type": "other", "date": "2026-08-17" } ], "articles": [], "notes": "Surfaced via the EDGAR watchlist keyword hit on Duos's 8-K filed 2026-08-17. Sourcing is two primary releases (one from each counterparty, Duos and Axe Compute) plus DCD trade-press pickup; no Reuters/Bloomberg/CNBC/WSJ/FT coverage found -- flagged as thin/single-tier (primary-only) sourcing despite clearing the two-source bar. Arithmetic check: $500M / 55MW over 5 years is ~$1.8M/MW/year, well inside the ledger's $200k-$20M/MW/year sanity band and close to the $111M/10MW/5yr rate on the original Columbus deal (~$2.2M/MW/year), so the per-MW economics are internally consistent between the two rows.", "revisions": [] }, { "id": "nvidia-openai-sb-energy-ohio-2026-08", "announced": "2026-08-17", "disclosed_via": "8-k", "deal_type": "backstop_guarantee", "status": "binding", "parties": [ { "entity": "nvidia", "role": "financier" }, { "entity": "openai", "role": "buyer" }, { "entity": "sb-energy", "role": "developer" } ], "value": { "amount_usd": 105000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2026-08-17" }, "term_years": 20, "capacity": { "mw_it": 4250, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2028-01-01", "revenue_start_precision": "year" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Nvidia entered residual value guaranties with SB Energy covering leases for approximately 4.25 GW of IT load at the PORTS-Pike Technology Campus (the former Portsmouth Gaseous Diffusion Plant) in Pike County, Ohio, capped at $105B in aggregate; payments trigger only if OpenAI, the 20-year tenant, defaults or becomes insolvent, so the $105B is a contingent guarantee ceiling, not a committed cash outlay. Nvidia can extend further credit support to roughly 3.8 additional GW at its sole discretion (unquantified in dollars, not included in this row's value); full campus is planned at up to 8 GW by decade's end. Alongside the guaranty, Nvidia is investing $1.5B in direct equity in SB Energy (joining existing investors SoftBank Group and OpenAI); separately, SoftBank/SB Energy have committed $4.2B to regional grid infrastructure. Neither the $1.5B equity stake nor the $4.2B grid commitment is included in this row's value, which covers the lease-guarantee instrument only. First 800MW of capacity targeted online in 2028 (year-precision only; no specific month disclosed). Circular by construction: Nvidia guarantees the lease, invests equity in the landlord, and is the exclusive chip supplier hosted on the campus." }, "sources": [ { "url": "https://nvidianews.nvidia.com/news/nvidia-guarantees-sb-energy-s-ports-pike-technology-campus-in-ohio-to-exclusively-host-nvidia-ai-compute", "type": "primary", "date": "2026-08-17" }, { "url": "https://www.cnbc.com/2026/08/17/nvidia-financing-open-ai-data-center-ohio.html", "type": "tier1", "date": "2026-08-17" }, { "url": "https://www.bloomberg.com/news/articles/2026-08-17/nvidia-to-invest-up-to-105-billion-for-openai-data-center-in-ohio", "type": "tier1", "date": "2026-08-17" }, { "url": "https://www.techtimes.com/articles/324812/20260818/nvidia-filed-105b-ohio-guarantee-not-250b-sec-disclosure-corrects-july-reports.htm", "type": "other", "date": "2026-08-18" } ], "articles": [], "notes": "Surfaced via the EDGAR watchlist hit on Nvidia's 8-K filed 2026-08-17. This formalizes and supersedes the reported-only nvidia-openai-backstop-talks-2026-07 row (WSJ/CNBC talks reported 2026-07-27 of a speculative up-to-$250B backstop for a rumored 10GW campus); the signed terms differ materially ($105B not $250B; 4.25GW initial plus an unquantified 3.8GW discretionary option, not a flat 10GW; a specific 20-year OpenAI lease rather than open-ended talks), so that row's status was changed to superseded rather than deleted or merged. The single largest binding row on the ledger by guarantee ceiling. Scale check: Nvidia's own $500B multi-year compute-financing framework (nvidia-compute-financing-platforms-2026-08, announced 8-10) and its reported $250B-scale backstop talks for this same project (7-27) both preceded this at similar or larger magnitude, so $105B as the final signed number is consistent with, not an outlier against, Nvidia's disclosed scale of activity this cycle. Arithmetic check: $105B / 4.25GW = ~$24.7M per MW over the full 20-year guarantee horizon, i.e. ~$1.24M/MW/year, which sits inside the ledger's $200k-$20M/MW/year sanity band (this is a guarantee ceiling amortized over the lease term, not a services price, so it is compared loosely rather than treated as a strict services rate). Cross-source: SEC 8-K (primary) plus independent CNBC and Bloomberg reporting (tier-1), both citing the same $105B/4.25GW figures; earlier $250B/$120B figures circulating 7-27 through 8-14 were pre-signing negotiation leaks per WSJ and are explicitly superseded by the SEC-filed number.", "revisions": [] }, { "id": "coreweave-backlog-2026-08", "announced": "2026-08-11", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "coreweave", "role": "provider" }, { "entity": "various-ai-developers", "role": "buyer" } ], "value": { "amount_usd": 104000000000, "kind": "company_stated", "basis": "total_backlog", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-08-11" }, "term_years": null, "capacity": null, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000362/coreweave2q26earningspress.htm", "type": "primary", "date": "2026-08-11" }, { "url": "https://pulse2.com/coreweave-revenue-backlog-reaches-104-billion-before-another-25-billion-of-new-commitments/", "type": "other", "date": "2026-08-11" } ], "articles": [ "riot-anthropic-sixth-landlord-compute-deal-ledger-update" ], "notes": "SNAPSHOT ROW, excluded from summed aggregates: CoreWeave's quarter-end (June 30, 2026) revenue backlog reached $104B (+246% YoY) at Q2 2026 results, built up substantially from named deals already on the ledger (Meta's $21B expansion, the Anthropic agreement, Jane Street's $6B commitment). The release additionally disclosed more than $25B of net-new customer commitments signed in early Q3 2026, unattributed to any named counterparty, bringing a pro-forma total to roughly $129B; that increment is not a discrete, sourceable deal and is not reflected in this row's amount_usd.", "revisions": [] }, { "id": "ibm-together-ai-cloud-2026-08", "announced": "2026-08-11", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "ibm", "role": "provider" }, { "entity": "together-ai", "role": "buyer" } ], "value": { "amount_usd": 240000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-08-11" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": "Nvidia HGX B300" }, "dates": { "revenue_start": "2027-01-01", "revenue_start_precision": "quarter" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "IBM will deploy a dedicated large-scale cluster of Nvidia HGX B300 systems (Nvidia Spectrum-X Ethernet networking) on IBM Cloud for Together AI's open-source model inference capacity; described as the first dedicated large-scale B300 inference cluster on IBM Cloud. Exact contract term length not disclosed beyond 'multi-year'." }, "sources": [ { "url": "https://newsroom.ibm.com/2026-08-11-IBM-and-Together-AI-Sign-Multi-Year-Agreement-to-Scale-Open-Source-AI-Inference-with-NVIDIA-AI-Infrastructure-on-IBM-Cloud", "type": "primary", "date": "2026-08-11" }, { "url": "https://www.theregister.com/off-prem/2026/08/11/together-ai-embraces-the-competition-with-240m-ibm-cloud-deal/5286400", "type": "other", "date": "2026-08-11" } ], "articles": [ "riot-anthropic-sixth-landlord-compute-deal-ledger-update" ], "notes": "Surfaced by this week's web sweep, not the EDGAR watchlist (IBM and Together AI are not on the watchlist). No tier-1 pickup (Reuters/Bloomberg/CNBC/WSJ/FT) found; corroborated instead by IBM's own newsroom release plus independent trade press (The Register, HPCwire, StorageReview all reporting the same $240M figure).", "revisions": [] }, { "id": "nvidia-compute-financing-platforms-2026-08", "announced": "2026-08-10", "disclosed_via": "press_release", "deal_type": "backstop_guarantee", "status": "framework", "parties": [ { "entity": "nvidia", "role": "financier" }, { "entity": "apollo", "role": "financier" }, { "entity": "blackrock", "role": "financier" }, { "entity": "blackstone", "role": "financier" }, { "entity": "brookfield", "role": "financier" }, { "entity": "goldman-sachs", "role": "financier" }, { "entity": "kkr", "role": "financier" } ], "value": { "amount_usd": 500000000000, "kind": "company_stated", "basis": "program_envelope", "qualifier": "at_least", "max_with_options_usd": null, "as_of": "2026-08-10" }, "term_years": null, "capacity": null, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Structured as MOUs establishing 'AI Compute Infrastructure Financing Platforms' with six asset managers, intended to mobilize over $500B of third-party capital for data centers, power and Nvidia hardware, off Nvidia's own balance sheet. Nvidia is reported to be guaranteeing residual value on the Nvidia GPUs used as collateral. No specific site, project or binding capital commitment is named; this is a formal Nvidia-initiated framework, not reported talks." }, "sources": [ { "url": "https://nvidianews.nvidia.com/news/nvidia-partners-with-apollo-blackrock-blackstone-brookfield-goldman-sachs-and-kkr-to-establish-ai-compute-infrastructure-financing-platforms-to-mobilize-over-500-billion-of-third-party-capital", "type": "primary", "date": "2026-08-10" }, { "url": "https://www.cnbc.com/2026/08/10/nvidia-wall-street-asset-managers-500-billion-ai-push.html", "type": "tier1", "date": "2026-08-10" } ], "articles": [ "riot-anthropic-sixth-landlord-compute-deal-ledger-update" ], "notes": "PROGRAM ENVELOPE / FRAMEWORK, excluded from binding aggregates: same anti-double-counting treatment as the January 2025 Stargate framework row. Discrete projects that sign under this financing platform should get their own rows (expansion_of this one where the provider or financier chain matches). Distinct from the separate, still-unverified Nvidia-SK Hynix ~$500B letter of intent (data-center investment plus HBM4 memory supply) sitting in candidates.json; do not conflate the two despite the matching headline figure. Circular by construction: Nvidia is both an enabler of the financing and the hardware vendor the mobilized capital ultimately buys from.", "revisions": [] }, { "id": "riot-anthropic-rockdale-lease-2026-08", "announced": "2026-08-10", "disclosed_via": "8-k", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "riot", "role": "provider" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 9100000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": 16100000000, "as_of": "2026-08-10" }, "term_years": 20, "capacity": { "mw_it": 191, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2027-12-01", "revenue_start_precision": "month" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "20-year Data Center Lease and Services Agreement at Riot's Rockdale, Texas campus, initial term through June 2048; two 5-year renewal options could extend total value to $16.1B (max_with_options_usd). Delivered in two phases: 96MW by December 2027, remaining 95MW by June 2028 (191MW total). Riot's own 8-K/earnings disclosure named only an unidentified 'leading frontier AI lab'; Bloomberg identified the tenant as Anthropic on 2026-08-11. Riot separately arranged a $573M interim construction financing facility via Morgan Stanley to build out the leased capacity; that financing is not itself a compute deal and is not a separate ledger row." }, "sources": [ { "url": "https://www.riotplatforms.com/riot-platforms-reports-second-quarter-2026-financial-results-and-strategic-highlights/", "type": "primary", "date": "2026-08-10" }, { "url": "https://www.bloomberg.com/news/articles/2026-08-11/anthropic-strikes-9-billion-deal-with-cloud-computing-firm-riot", "type": "tier1", "date": "2026-08-11" }, { "url": "https://www.cnbc.com/2026/08/11/riot-platforms-signs-anthropic-deal-as-miners-shift-to-ai-infrastructure-.html", "type": "tier1", "date": "2026-08-11" } ], "articles": [ "why-is-riot-platforms-riot-stock-up-today-anthropic-deal", "riot-anthropic-sixth-landlord-compute-deal-ledger-update" ], "notes": "Surfaced via the EDGAR watchlist hit on Riot's 8-K filed 2026-08-10 (accession 0001104659-26-093406), matched on \"data center lease\". Riot's pivot from Bitcoin mining to AI infrastructure lands its first named hyperscale-AI tenant; the stock rose roughly 17% on the news.", "revisions": [] }, { "id": "sharonai-cloud-agreement-2026-08", "announced": "2026-08-04", "disclosed_via": "8-k", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "sharon-ai", "role": "provider" }, { "entity": "undisclosed-ai-platform-sharonai", "role": "buyer" } ], "value": { "amount_usd": 373000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-08-04" }, "term_years": 5, "capacity": { "mw_it": null, "chip_count": 2048, "chip_type": "Nvidia Blackwell Ultra B300" }, "dates": { "revenue_start": "2027-01-01", "revenue_start_precision": "quarter" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": "Initial deployment is 2,048 Nvidia Blackwell Ultra B300 GPUs at Sharon AI's Australia site, with additional deployments possible over the term based on customer requirements; no larger contracted GPU/MW ceiling disclosed." }, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226035925/ex99-1.htm", "type": "primary", "date": "2026-08-04" }, { "url": "https://sharonai.com/press-releases/sharon-ai-announces-us373m-five-year-ai-cloud-service-agreement/", "type": "primary", "date": "2026-08-04" } ], "articles": [], "notes": "Sharon AI (NASDAQ: SHAZ), a Nasdaq-listed Australian neocloud, is a small-cap name whose disclosures are wire-service reported (StockTitan, Benzinga, PRNewswire) rather than tier-1 outlet reported; both sources cited here are the company's own 8-K exhibit and its own press release, since no Reuters/Bloomberg/CNBC/WSJ/FT coverage was found. Counterparty described only as 'a global artificial intelligence company'. Company disclosed its total AI Factory capacity remains 132 MW with 120 MW now contracted to end customers after this deal, which is the basis for the scale check (this deal fits inside already-disclosed capacity, doesn't imply an impossible expansion). Sharon AI has several other recently-announced contracts (an April 2026 $1.25B/5yr deal with ESDS Software Solutions, a separate ~$1.32B deal, a ~$950M deal, $8.8B of total disclosed contracted revenue) that are out of scope for this row and not yet in the ledger; flagged in candidates.json for future verification given the same thin-coverage caveat applies to all of them.", "revisions": [] }, { "id": "core-scientific-amd-2026-07", "announced": "2026-07-28", "disclosed_via": "press_release", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "core-scientific", "role": "provider" }, { "entity": "amd", "role": "buyer" } ], "value": { "amount_usd": 14000000000, "kind": "media_reported", "basis": "base_term", "qualifier": "at_least", "max_with_options_usd": null, "as_of": "2026-07-28" }, "term_years": 15, "capacity": { "mw_it": 530, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2027-01-01", "revenue_start_precision": "year" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "AMD directly leases 377 MW across three sites (Pecos TX, Hunt County TX, Muskogee OK) on triple-net terms; a separate 152 MW tranche (Auburn AL, Dalton GA) is leased by an unnamed cloud provider with AMD providing credit support, folded into this row rather than split out since AMD backstops the whole figure. AMD also has exclusive rights to reserve up to an additional 2 GW of future capacity (not counted in mw_it or amount_usd here), and received warrants for up to 30M Core Scientific shares at a $23.47 strike, 6.5M vesting at signing. 2.5% annual rent escalator." }, "sources": [ { "url": "https://investors.corescientific.com/news-events/press-releases/detail/138/core-scientific-and-amd-announce-infrastructure-partnership", "type": "primary", "date": "2026-07-28" }, { "url": "https://www.datacenterknowledge.com/deals/core-scientific-doubles-ai-capacity-to-1-1-gw-in-14b-amd-deal", "type": "other", "date": "2026-07-28" } ], "articles": [], "notes": "Doubled Core Scientific's total leased AI capacity to ~1.1 GW (implying a pre-existing ~570 MW leased elsewhere, most likely the company's known CoreWeave relationship, which is not yet its own ledger row; flagged in candidates.json). The $14B headline figure and the precise 530 MW split are media-reported (Coindesk, TechTimes, DataCenterKnowledge, MLQ, consistently corroborating each other) rather than stated as a single number in Core Scientific's own press release, which confirmed capacity and structure but not a headline dollar figure directly; announced alongside Core Scientific's Q2 2026 earnings.", "revisions": [] }, { "id": "apld-contracted-backlog-fy2026", "announced": "2026-07-27", "disclosed_via": "earnings_call", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "applied-digital", "role": "provider" }, { "entity": "various-ai-developers", "role": "buyer" } ], "value": { "amount_usd": 36000000000, "kind": "company_stated", "basis": "total_backlog", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-07-27" }, "term_years": null, "capacity": { "mw_it": 1410, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html", "type": "primary", "date": "2026-07-27" }, { "url": "https://ir.applieddigital.com/news-events/press-releases/detail/159/applied-digital-reports-fiscal-fourth-quarter-and-full-year", "type": "primary", "date": "2026-07-27" }, { "url": "https://seekingalpha.com/news/4619106-applied-digital-expects-1b-noi-run-rate-a-year-from-now-as-contracted-lease-value-reaches-36b", "type": "other", "date": "2026-07-27" } ], "articles": [ "applied-digital-apld-fq4-2026-earnings-36-billion-backlog", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "SNAPSHOT ROW, excluded from summed aggregates: Applied Digital's total contracted long-term lease value of $36B across 1.41 GW of contracted critical IT load for all campuses, as restated at fiscal Q4 2026 results. Approximately $20B of this was added in the quarter (see apld-hyperscaler-leases-2026-07, which IS a countable deal row inside this total).", "revisions": [] }, { "id": "apld-hyperscaler-leases-2026-07", "announced": "2026-07-27", "disclosed_via": "press_release", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "applied-digital", "role": "provider" }, { "entity": "undisclosed-hyperscaler-apld", "role": "buyer" } ], "value": { "amount_usd": 20200000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2026-07-27" }, "term_years": 15, "capacity": { "mw_it": 810, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.globenewswire.com/news-release/2026/07/27/3333871/0/en/Applied-Digital-Reports-Fiscal-Fourth-Quarter-and-Full-Year-2026-Results.html", "type": "primary", "date": "2026-07-27" }, { "url": "https://ir.applieddigital.com/news-events/press-releases/detail/159/applied-digital-reports-fiscal-fourth-quarter-and-full-year", "type": "primary", "date": "2026-07-27" }, { "url": "https://www.benzinga.com/markets/earnings/26/07/60711412/applied-digital-stock-climbs-on-q4-double-beat", "type": "other", "date": "2026-07-27" } ], "articles": [ "applied-digital-apld-fq4-2026-earnings-36-billion-backlog", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "Three 15-year take-or-pay lease agreements with a single investment-grade hyperscaler, ~$20.2B combined revenue over 810 MW, disclosed with fiscal Q4 2026 results. Treated as one package row because the three leases were announced together with a single counterparty and combined value.", "revisions": [] }, { "id": "nvidia-openai-backstop-talks-2026-07", "announced": "2026-07-27", "disclosed_via": "tier1_media", "deal_type": "backstop_guarantee", "status": "superseded", "parties": [ { "entity": "nvidia", "role": "financier" }, { "entity": "openai", "role": "buyer" }, { "entity": "sb-energy", "role": "developer" } ], "value": { "amount_usd": 250000000000, "kind": "media_reported", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2026-07-27" }, "term_years": null, "capacity": { "mw_it": 10000, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Early talks per WSJ reporting; nothing signed. Backstop would cover lease and construction financing so OpenAI can lease a planned $500B, 10 GW SB Energy campus in Pike County, Ohio (800 MW first phase targeted 2028). Parallel talks reportedly cover up to $350B of chip financing." }, "sources": [ { "url": "https://www.cnbc.com/2026/07/27/nvidia-and-openai-in-talks-for-up-to-250-billion-dollar-ai-backstop.html", "type": "tier1", "date": "2026-07-27" }, { "url": "https://www.datacenterdynamics.com/en/news/nvidia-considers-250bn-backstop-for-openais-planned-10gw-ohio-data-center-report/", "type": "other", "date": "2026-07-27" } ], "articles": [ "stock-market-today-july-27-2026-close-nvidia-openai-backstop", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "SUPERSEDED, excluded from binding aggregates: Nvidia in talks to guarantee up to $250B of financing so OpenAI can lease the SoftBank-subsidiary SB Energy 10 GW Ohio campus. Circular by construction: the guarantor's chips are the campus's payload. Nvidia fell 5% on the report. UPDATE 2026-08-17: the talks formalized into a signed SEC-disclosed deal with materially different terms ($105B guarantee ceiling, not $250B; 4.25GW initial with an unquantified 3.8GW discretionary option, not a flat 10GW) -- see nvidia-openai-sb-energy-ohio-2026-08, which is the binding row going forward. This row is kept, not deleted, as the on-record history of the reported negotiating range.", "revisions": [ { "date": "2026-08-21", "field": "status", "reason": "Superseded by the signed nvidia-openai-sb-energy-ohio-2026-08 row (SEC 8-K, 2026-08-17): final terms are $105B/4.25GW+3.8GW-option vs. this row's reported up-to-$250B/10GW talks figure. Kept on record rather than deleted.", "source": "https://nvidianews.nvidia.com/news/nvidia-guarantees-sb-energy-s-ports-pike-technology-campus-in-ohio-to-exclusively-host-nvidia-ai-compute" } ] }, { "id": "smci-record-orders-fq4-2026", "announced": "2026-07-22", "disclosed_via": "press_release", "deal_type": "chip_purchase", "status": "binding", "parties": [ { "entity": "super-micro", "role": "provider" }, { "entity": "various-ai-developers", "role": "buyer" } ], "value": { "amount_usd": 60000000000, "kind": "company_stated", "basis": "order_intake", "qualifier": "at_least", "max_with_options_usd": null, "as_of": "2026-07-22" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.bloomberg.com/news/articles/2026-07-21/super-micro-jumps-after-preliminary-outlook-shows-rising-backlog", "type": "tier1", "date": "2026-07-21" }, { "url": "https://www.fool.com/coverage/stock-market-today/2026/07/22/stock-market-today-july-22-super-micro-computer-surges-on-record-q4-orders-and-surprise-margin-beat/", "type": "other", "date": "2026-07-22" } ], "articles": [ "smci-up-20-percent-60-billion-orders-july-22", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "SNAPSHOT ROW, excluded from summed aggregates: more than $60B of new AI server orders received in fiscal Q4, taking Super Micro's backlog to a record, per the company's preliminary FQ4 update (which also roughly doubled gross margin guidance to 15-17%). Order intake across unnamed customers, not a single contract; orders deliver over multiple future quarters.", "revisions": [] }, { "id": "hut8-beacon-point-phase2-2026-07", "announced": "2026-07-20", "disclosed_via": "press_release", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "hut-8", "role": "provider" }, { "entity": "undisclosed-ig-tenant-hut8", "role": "buyer" } ], "value": { "amount_usd": 9800000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": 25100000000, "as_of": "2026-07-20" }, "term_years": 15, "capacity": { "mw_it": 352, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2028-04-01", "revenue_start_precision": "quarter" }, "flags": { "expansion_of": "hut8-beacon-point-phase1-2026-05", "counterparty_unnamed": true, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.prnewswire.com/news-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease-bringing-campus-level-base-term-contract-value-to-19-6-billion-302829514.html", "type": "primary", "date": "2026-07-20" }, { "url": "https://www.hut8.com/news-insights/press-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease", "type": "primary", "date": "2026-07-20" }, { "url": "https://www.benzinga.com/trading-ideas/movers/26/07/60547501/hut-8-stock-rises-after-signing-second-lease-that-fully-commercializes-beacon-point-campus", "type": "other", "date": "2026-07-20" } ], "articles": [ "hut-8-9-8-billion-lease-beacon-point-fine-print", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "Second 352 MW lease at Beacon Point with the same investment-grade tenant as Phase 1, fully commercializing the 1 GW campus: $19.6B campus base-term value, up to $50.2B with all renewals. 3.0% annual escalator, triple net, built to Nvidia's DSX reference architecture. First Phase 2 data hall delivery expected Q2 2028. UPDATE 2026-08-08: the Financial Times (2026-07-28) reported, citing five people familiar with the matter, that Nvidia is the previously undisclosed tenant behind both Beacon Point leases. Neither Hut 8 nor Nvidia has confirmed this and Reuters said it could not independently verify the report, so the buyer party here stays 'undisclosed-ig-tenant-hut8' rather than being re-linked to 'nvidia'; re-link once either company confirms.", "revisions": [ { "date": "2026-08-08", "field": "notes", "reason": "Logged FT's single-sourced, company-unconfirmed report naming Nvidia as the Beacon Point tenant; did not re-link the party pending confirmation.", "source": "https://www.datacenterfrontier.com/hyperscale/article/55394688/nvidias-reported-50b-lease-and-the-nuclear-powered-ai-factory" } ] }, { "id": "iren-ai-cloud-contracts-2026-07", "announced": "2026-07-20", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "iren", "role": "provider" }, { "entity": "various-ai-developers", "role": "buyer" } ], "value": { "amount_usd": 2800000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-07-20" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.globenewswire.com/news-release/2026/07/20/3329624/0/en/IREN-Signs-2-8bn-in-New-Customer-Contracts-with-Leading-AI-Developers-Raises-2026-ARR-Target-to-over-4bn.html", "type": "primary", "date": "2026-07-20" }, { "url": "https://iren.gcs-web.com/news-releases/news-release-details/iren-signs-28bn-new-customer-contracts-leading-ai-developers", "type": "primary", "date": "2026-07-20" }, { "url": "https://finance.yahoo.com/technology/ai/articles/iren-signs-2-8b-ai-010000618.html", "type": "other", "date": "2026-07-20" } ], "articles": [ "iren-2-8-billion-ai-contracts-arr-target", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "Batch of new multi-year AI cloud contracts totaling $2.8B TCV with leading AI developers, including one new unnamed customer. Disclosed customer roster spans Microsoft, Nvidia, Perplexity, Figure AI, Together AI, Fluidstack, Fireworks AI, Fal AI and Hume AI. Announced alongside a raised 2026 AI Cloud ARR target of over $4B (~85% under contract), with customer prepayments covering roughly 45% of related GPU capex. Term lengths per contract not broken out.", "revisions": [] }, { "id": "duos-axe-compute-columbus-2026-07", "announced": "2026-07-16", "disclosed_via": "press_release", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "duos-technologies", "role": "provider" }, { "entity": "axe-compute", "role": "buyer" } ], "value": { "amount_usd": 111000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-07-16" }, "term_years": 5, "capacity": { "mw_it": 10, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Five-year, 10 MW critical IT-load colocation agreement at Duos's Columbus, Georgia data center campus, described by Duos as with 'an investment-grade hyperscaler' in the original release but confirmed as Axe Compute (Nasdaq: AGPU) via Axe Compute's own SEC filings and the companies' joint 2026-08-17 release, which describes the Aug 17 55MW expansion as 'in addition to' this original 10MW Columbus deployment." }, "sources": [ { "url": "https://www.globenewswire.com/news-release/2026/07/16/3328431/0/en/duos-edge-ai-signs-five-year-10-mw-colocation-agreement-with-investment-grade-hyperscaler-valued-at-111-million-in-contracted-revenue.html", "type": "primary", "date": "2026-07-16" }, { "url": "https://www.globenewswire.com/news-release/2026/08/17/3346084/12618/en/duos-technologies-signs-five-year-55-mw-hosting-agreements-with-axe-compute-valued-at-over-500-million.html", "type": "primary", "date": "2026-08-17" } ], "articles": [], "notes": "Backfilled this week alongside the Aug 17 expansion (duos-axe-compute-expansion-2026-08) after that deal's own materials named this as the pre-existing relationship it builds on. No tier-1 (Reuters/Bloomberg/CNBC/WSJ/FT) pickup found for either the original deal or the counterparty identification; sourcing is two primary releases, one from each side of the eventual relationship once Axe Compute's own 8-K corroborated the same $111M/10MW figures in its Aug 17 filing.", "revisions": [] }, { "id": "terawulf-anthropic-lease-2026-07", "announced": "2026-07-06", "disclosed_via": "press_release", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "terawulf", "role": "provider" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 19000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2026-07-06" }, "term_years": 20, "capacity": { "mw_it": 401, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2027-07-01", "revenue_start_precision": "quarter" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Anthropic holds two successive five-year renewal options (up to 10 additional years beyond the 20-year initial term); lease is expected to be supported by investment-grade credit." }, "sources": [ { "url": "https://investors.terawulf.com/news-events/press-releases/detail/142/terawulf-announces-anthropic-lease-at-justified-data-campus-and-sale-of-majority-interest-in-abernathy-joint-venture-to-fluidstack", "type": "primary", "date": "2026-07-06" }, { "url": "https://www.cnbc.com/2026/07/06/anthropic-terawulf-data-center-ai.html", "type": "tier1", "date": "2026-07-06" } ], "articles": [], "notes": "20-year lease at the Justified Data Campus, a former Century Aluminum smelter site in Hawesville, Kentucky (Hancock County), 401 MW critical IT load. Initial capacity online H2 2027, full 401 MW by early 2028. Same week TeraWulf sold its 50.1% stake in the separate Abernathy Joint Venture (168 MW, Texas) to an investor group led by Fluidstack for approximately $530M; that sale is a real-estate/JV divestiture, not a compute deal, and is not itself a ledger row. Surfaced this run via the EDGAR watchlist hit on TeraWulf's Q2 2026 8-K (filed 2026-08-05), which restated the lease; the deal itself predates this run by a month and was missing from the ledger.", "revisions": [] }, { "id": "spacex-reflection-colossus2-2026-06", "announced": "2026-06-22", "disclosed_via": "tier1_media", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "spacex", "role": "provider" }, { "entity": "reflection-ai", "role": "buyer" } ], "value": { "amount_usd": 6300000000, "kind": "media_reported", "basis": "including_renewals", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2026-06-22" }, "term_years": 3.5, "capacity": { "mw_it": null, "chip_count": null, "chip_type": "Nvidia Blackwell Ultra" }, "dates": { "revenue_start": "2026-07-01", "revenue_start_precision": "month" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Fixed $150M/month subscription starting 2026-07-01 through end of 2029 ($150M x 42mo = $6.3B, the disclosed ceiling). Hybrid exit clause: either party can terminate with 90 days' notice after an initial three-month trial." }, "sources": [ { "url": "https://www.cnbc.com/2026/06/22/spacex-ai-colossus-data-center-reflection.html", "type": "tier1", "date": "2026-06-22" }, { "url": "https://www.datacenterdynamics.com/en/news/spacex-secures-63bn-compute-capacity-deal-from-ai-startup-reflection/", "type": "other", "date": "2026-06-22" } ], "articles": [], "notes": "Reflection AI (open-source AI startup, ~$25B valuation) gets priority access to Nvidia Blackwell Ultra chips inside SpaceX's Colossus 2 (Memphis area). Flagged circular: Nvidia has an $800M strategic investment directly in Reflection AI, and Nvidia chips are the hardware being rented in this deal (Nvidia sits on both sides of the trade, per Tech Funding News' reporting), consistent with how the ledger flags Nvidia-adjacent circularity elsewhere. No GPU count or MW disclosed at signing, only the dollar ceiling and monthly rate; capacity.mw_it and chip_count left null rather than estimated.", "revisions": [] }, { "id": "spacex-google-colossus2-2026-06", "announced": "2026-06-05", "disclosed_via": "tier1_media", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "spacex", "role": "provider" }, { "entity": "google", "role": "buyer" } ], "value": { "amount_usd": 30000000000, "kind": "media_reported", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2026-06-05" }, "term_years": 3, "capacity": { "mw_it": null, "chip_count": 110000, "chip_type": "Nvidia GB200" }, "dates": { "revenue_start": "2026-10-01", "revenue_start_precision": "month" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Google may terminate if SpaceX fails to deliver the GPUs by end of September 2026 (after a one-month grace period); after 2026-12-31 either party can cancel with 90 days' notice." }, "sources": [ { "url": "https://www.cnbc.com/2026/06/05/google-to-pay-spacex-920-million-a-month-for-xai-compute-capacity.html", "type": "tier1", "date": "2026-06-05" }, { "url": "https://www.datacenterdynamics.com/en/news/google-to-pay-920-million-to-spacex-monthly-for-ai-capacity/", "type": "other", "date": "2026-06-05" } ], "articles": [], "notes": "Google leases ~110,000 GPUs (Nvidia GB200) at SpaceX's Colossus 2 (Southaven, MS) for $920M/month, October 2026 through June 2029 ($920M x ~33mo billed months matches the reported ~$30B total; capacity ramps from September 2026 at a reduced fee). SpaceX/xAI merged in February 2026; SpaceX is the sole provider entity in this ledger. capacity.mw_it left null for the same reason as the companion Anthropic-Colossus-1 row: reported facility power figures describe the data center, not a disclosed per-contract IT-load MW, and using them would produce a misleadingly high implied $/MW/yr for what is a fully-managed GPU rental, not a bare power lease.", "revisions": [] }, { "id": "digi-power-x-cerebras-colocation-2026-05", "announced": "2026-05-08", "disclosed_via": "8-k", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "digi-power-x", "role": "provider" }, { "entity": "cerebras", "role": "buyer" } ], "value": { "amount_usd": 1100000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": 2500000000, "as_of": "2026-05-08" }, "term_years": 10, "capacity": { "mw_it": 40, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2026-12-15", "revenue_start_precision": "day" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "10-year Data Center Colocation and Master Services Agreement for 40MW at Digi Power X's Columbiana, Alabama campus. Two-phase build: Phase 1 (15MW) targeted ready-for-service Dec 15, 2026, self-funded by Digi Power X; Phase 2 (25MW, completing the 40MW total) targeted end of Q1 2027, explicitly conditioned on Digi Power X securing adequate financing. $2.5B max_with_options_usd reflects a seven-year extension option beyond the 10-year initial term." }, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/1854368/000121390026053566/ea0289585-8k_digi.htm", "type": "primary", "date": "2026-05-08" }, { "url": "https://www.datacenterdynamics.com/en/news/cerebras-signs-on-for-40mw-of-capacity-at-digi-power-x-data-center-in-alabama/", "type": "other", "date": "2026-05-08" } ], "articles": [ "riot-anthropic-sixth-landlord-compute-deal-ledger-update" ], "notes": "Missing-deal gap surfaced this run via the EDGAR watchlist hit on Digi Power X's Q2 2026 earnings 8-K (filed 2026-08-14), which restated this deal without new terms; the underlying agreement itself was signed May 8, 2026 (SEC accession 0001213900-26-053566) and predates this run by three months, same pattern as the TeraWulf-Anthropic and Galaxy-CoreWeave gaps found in prior weeks.", "revisions": [] }, { "id": "hut8-beacon-point-phase1-2026-05", "announced": "2026-05-06", "disclosed_via": "press_release", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "hut-8", "role": "provider" }, { "entity": "undisclosed-ig-tenant-hut8", "role": "buyer" } ], "value": { "amount_usd": 9800000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": 25100000000, "as_of": "2026-05-06" }, "term_years": 15, "capacity": { "mw_it": 352, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": true, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html", "type": "primary", "date": "2026-05-06" }, { "url": "https://www.hut8.com/news-insights/press-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw", "type": "primary", "date": "2026-05-06" }, { "url": "https://www.datacenterdynamics.com/en/news/hut-8-signs-352mw-lease-with-unnamed-hyperscaler-in-texas/", "type": "other", "date": "2026-05-06" } ], "articles": [ "hut-8-9-8-billion-lease-beacon-point-fine-print", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "First phase of the 1 GW Beacon Point campus in Nueces County, Texas. 15-year triple-net IT lease with a high-investment-grade tenant; up to $25.1B if all three five-year renewal options are exercised. Tenant undisclosed. UPDATE 2026-08-08: the Financial Times (2026-07-28) reported, citing five people familiar with the matter, that Nvidia is the previously undisclosed tenant behind both Beacon Point leases. Neither Hut 8 nor Nvidia has confirmed this and Reuters said it could not independently verify the report, so the buyer party here stays 'undisclosed-ig-tenant-hut8' rather than being re-linked to 'nvidia'; re-link once either company confirms.", "revisions": [ { "date": "2026-08-08", "field": "notes", "reason": "Logged FT's single-sourced, company-unconfirmed report naming Nvidia as the Beacon Point tenant; did not re-link the party pending confirmation.", "source": "https://www.datacenterfrontier.com/hyperscale/article/55394688/nvidias-reported-50b-lease-and-the-nuclear-powered-ai-factory" } ] }, { "id": "spacex-anthropic-colossus1-2026-05", "announced": "2026-05-06", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "spacex", "role": "provider" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 45000000000, "kind": "media_reported", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2026-05-06" }, "term_years": 3, "capacity": { "mw_it": null, "chip_count": 220000, "chip_type": "Nvidia H100/H200/GB200 mix" }, "dates": { "revenue_start": "2026-05-01", "revenue_start_precision": "month" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": null }, "sources": [ { "url": "https://x.ai/news/anthropic-compute-partnership", "type": "primary", "date": "2026-05-06" }, { "url": "https://www.cnbc.com/2026/05/06/anthropic-spacex-data-center-capacity.html", "type": "tier1", "date": "2026-05-06" } ], "articles": [], "notes": "Anthropic rents all compute capacity at SpaceX's Colossus 1 facility in Memphis, TN, at $1.25B/month through roughly May 2029 ($1.25B x 36mo = $45B; internally consistent across sources). SpaceX and xAI completed their corporate merger in February 2026 (implied combined-entity valuation $1.25T reported at the time), so this ledger treats SpaceX as the single provider entity across all Colossus deals; Musk's control of both sides pre-merger is now moot post-merger, so not flagged circular. capacity.mw_it is left null on purpose: sources report Colossus 1's total power draw as 250-300 MW depending on date, which is the facility's overall footprint rather than a disclosed per-contract IT-load figure, and dividing the $45B by that number implies $48-60M/MW/yr, well outside the ledger's plausible band for a reason that is really 'wrong denominator' rather than 'wrong deal'; chip_count (220,000+ GPUs across H100/H200/GB200 generations, per Wikipedia's Colossus entry) is the more reliable durable unit reported for this specific deal.", "revisions": [] }, { "id": "amazon-anthropic-investment-2026-04", "announced": "2026-04-20", "disclosed_via": "press_release", "deal_type": "compute_equity", "status": "binding", "parties": [ { "entity": "amazon", "role": "financier" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 25000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2026-04-20" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": "amazon-anthropic-investment-2024-11", "counterparty_unnamed": false, "circular": true, "conditions": "Staged: $5B immediate, up to a further $20B tied to milestones. Announced alongside Anthropic's ten-year AWS spend commitment (anthropic-aws-commitment-2026-04)." }, "sources": [ { "url": "https://www.cnbc.com/2026/04/20/amazon-invest-up-to-25-billion-in-anthropic-part-of-ai-infrastructure.html", "type": "tier1", "date": "2026-04-20" }, { "url": "https://www.anthropic.com/news/anthropic-amazon-compute", "type": "primary", "date": "2026-04-20" }, { "url": "https://www.aboutamazon.com/news/company-news/amazon-invests-additional-5-billion-anthropic-ai", "type": "primary", "date": "2026-04-20" } ], "articles": [], "notes": "Amazon's April 2026 expansion: up to $25B of further investment in Anthropic ($5B immediate, up to $20B milestone-tied), on top of the $8B invested through November 2024. The up-to figure is recorded with its qualifier and the staged structure in conditions; only time will tell how much funds. Circular: announced in the same breath as Anthropic committing over $100B of spend back to AWS.", "revisions": [] }, { "id": "anthropic-aws-commitment-2026-04", "announced": "2026-04-20", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "amazon", "role": "provider" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 100000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "at_least", "max_with_options_usd": null, "as_of": "2026-04-20" }, "term_years": 10, "capacity": { "mw_it": null, "chip_count": null, "chip_type": "AWS Trainium" }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Includes deployment of up to 5 GW of new Trainium compute capacity for training and serving Claude, with significant Trainium3 capacity expected online in 2026. The 5 GW is an up-to ceiling, so no MW is recorded on this row; the ledger only counts capacity floors." }, "sources": [ { "url": "https://www.anthropic.com/news/anthropic-amazon-compute", "type": "primary", "date": "2026-04-20" }, { "url": "https://www.aboutamazon.com/news/company-news/amazon-invests-additional-5-billion-anthropic-ai", "type": "primary", "date": "2026-04-20" }, { "url": "https://www.cnbc.com/2026/04/20/amazon-invest-up-to-25-billion-in-anthropic-part-of-ai-infrastructure.html", "type": "tier1", "date": "2026-04-20" } ], "articles": [], "notes": "Anthropic's commitment of more than $100B over ten years to AWS technologies, announced with Amazon's up-to-$25B investment (amazon-anthropic-investment-2026-04) and up to 5 GW of new Trainium capacity. Sits alongside Anthropic's $30B Azure commitment and the Google TPU agreement as the third leg of its stated multi-cloud strategy. Circular: buyer and provider are cross-invested.", "revisions": [] }, { "id": "jane-street-coreweave-cloud-2026-04", "announced": "2026-04-15", "disclosed_via": "8-k", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "coreweave", "role": "provider" }, { "entity": "jane-street", "role": "buyer" } ], "value": { "amount_usd": 6000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2026-04-15" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": "Nvidia Vera Rubin" }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Jane Street's commitment to use CoreWeave's AI cloud platform across multiple facilities, including Nvidia Vera Rubin-generation compute, for machine-learning research and trading infrastructure. Announced the same day as Jane Street's separate $1B equity investment in CoreWeave (jane-street-coreweave-equity-2026-04)." }, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/0001769628/000176962826000167/ex991.htm", "type": "primary", "date": "2026-04-15" }, { "url": "https://www.coreweave.com/news/jane-street-signs-6-billion-ai-cloud-agreement-with-coreweave", "type": "primary", "date": "2026-04-15" }, { "url": "https://www.businesswire.com/news/home/20260415280149/en/Jane-Street-Signs-%246-Billion-AI-Cloud-Agreement-With-CoreWeave", "type": "other", "date": "2026-04-15" } ], "articles": [ "riot-anthropic-sixth-landlord-compute-deal-ledger-update" ], "notes": "Missing-deal gap found while sourcing this week's coreweave-backlog-2026-08 snapshot row: this April 2026 agreement was never entered even though it is well corroborated (CoreWeave's own site plus the SEC exhibit) and comfortably clears the ledger's threshold. Same pattern as the TeraWulf, Galaxy-CoreWeave and Digi Power X-Cerebras gaps found in recent runs.", "revisions": [] }, { "id": "jane-street-coreweave-equity-2026-04", "announced": "2026-04-15", "disclosed_via": "8-k", "deal_type": "compute_equity", "status": "binding", "parties": [ { "entity": "jane-street", "role": "financier" }, { "entity": "coreweave", "role": "buyer" } ], "value": { "amount_usd": 1000000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2026-04-15" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Jane Street purchased CoreWeave Class A common stock at $109.00/share, announced alongside its $6B AI cloud commitment (jane-street-coreweave-cloud-2026-04). Circular: the customer is also taking an equity stake in its own compute provider." }, "sources": [ { "url": "https://www.sec.gov/Archives/edgar/data/0001769628/000176962826000167/ex991.htm", "type": "primary", "date": "2026-04-15" }, { "url": "https://www.coreweave.com/news/jane-street-signs-6-billion-ai-cloud-agreement-with-coreweave", "type": "primary", "date": "2026-04-15" } ], "articles": [ "riot-anthropic-sixth-landlord-compute-deal-ledger-update" ], "notes": "Companion equity row to jane-street-coreweave-cloud-2026-04, split out per the ledger's convention for combined commercial-plus-investment announcements (see the Amazon-Anthropic and Microsoft/Nvidia-Anthropic rows for the same pattern).", "revisions": [] }, { "id": "meta-coreweave-expansion-2026-04", "announced": "2026-04-09", "disclosed_via": "8-k", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "coreweave", "role": "provider" }, { "entity": "meta", "role": "buyer" } ], "value": { "amount_usd": 21000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2026-04-09" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": "meta-coreweave-initial-2025-09", "counterparty_unnamed": false, "circular": false, "conditions": null }, "sources": [ { "url": "https://www.cnbc.com/2026/04/09/meta-commits-to-spending-additional-21-billion-with-coreweave-.html", "type": "tier1", "date": "2026-04-09" }, { "url": "https://thenextweb.com/news/meta-coreweave-21-billion-ai-cloud-deal", "type": "other", "date": "2026-04-09" } ], "articles": [], "notes": "Meta committed approximately $21B of additional spend with CoreWeave in April 2026, exercising the expansion-through-2032 option in the September 2025 agreement and taking the disclosed Meta-CoreWeave total to roughly $35B. Counted separately from the parent row; the $35B cumulative figure is never stored.", "revisions": [] }, { "id": "anthropic-azure-commitment-2025-11", "announced": "2025-11-18", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "microsoft", "role": "provider" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 30000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "at_least", "max_with_options_usd": null, "as_of": "2025-11-18" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Announced alongside an option to contract additional compute capacity of up to 1 GW on Nvidia Grace Blackwell and Vera Rubin systems." }, "sources": [ { "url": "https://blogs.microsoft.com/blog/2025/11/18/microsoft-nvidia-and-anthropic-announce-strategic-partnerships/", "type": "primary", "date": "2025-11-18" }, { "url": "https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships", "type": "primary", "date": "2025-11-18" }, { "url": "https://www.cnbc.com/2025/11/18/anthropic-ai-azure-microsoft-nvidia.html", "type": "tier1", "date": "2025-11-18" } ], "articles": [ "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "Anthropic committed to purchase at least $30B of Azure compute capacity as part of a three-way alliance with Microsoft and Nvidia. Circular: the compute provider (Microsoft, up to $5B) and the chip supplier (Nvidia, up to $10B) simultaneously agreed to invest in the buyer; see msft-nvda-anthropic-investment-2025-11.", "revisions": [] }, { "id": "msft-nvda-anthropic-investment-2025-11", "announced": "2025-11-18", "disclosed_via": "press_release", "deal_type": "compute_equity", "status": "binding", "parties": [ { "entity": "microsoft", "role": "financier" }, { "entity": "nvidia", "role": "financier" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 15000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2025-11-18" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Combined figure: Microsoft up to $5B and Nvidia up to $10B, staged investments announced as part of the Azure compute alliance." }, "sources": [ { "url": "https://blogs.microsoft.com/blog/2025/11/18/microsoft-nvidia-and-anthropic-announce-strategic-partnerships/", "type": "primary", "date": "2025-11-18" }, { "url": "https://www.anthropic.com/news/microsoft-nvidia-anthropic-announce-strategic-partnerships", "type": "primary", "date": "2025-11-18" }, { "url": "https://www.cnbc.com/2025/11/18/anthropic-ai-azure-microsoft-nvidia.html", "type": "tier1", "date": "2025-11-18" } ], "articles": [ "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "Compute-linked equity: Microsoft (up to $5B) and Nvidia (up to $10B) investing in Anthropic alongside Anthropic's $30B-plus Azure purchase commitment (anthropic-azure-commitment-2025-11). The investments reportedly lifted Anthropic's valuation to around $350B. Circular by definition: suppliers funding their own customer.", "revisions": [] }, { "id": "iren-dell-gpu-purchase-2025-11", "announced": "2025-11-03", "disclosed_via": "8-k", "deal_type": "chip_purchase", "status": "binding", "parties": [ { "entity": "dell", "role": "provider" }, { "entity": "iren", "role": "buyer" } ], "value": { "amount_usd": 5800000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2025-11-03" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": "NVIDIA GB300" }, "dates": { "revenue_start": "2026-03-01", "revenue_start_precision": "month" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Deliveries scheduled in tranches from March 2026." }, "sources": [ { "url": "https://iren.gcs-web.com/news-releases/news-release-details/iren-secures-97bn-ai-cloud-contract-microsoft", "type": "primary", "date": "2025-11-03" }, { "url": "https://www.datacenterdynamics.com/en/news/microsoft-signs-97bn-cloud-capacity-deal-with-iren/", "type": "other", "date": "2025-11-03" }, { "url": "https://techinformed.com/microsoft-signs-9-7-billion-iren-deal-for-nvidia-gb300-capacity/", "type": "other", "date": "2025-11-03" } ], "articles": [], "notes": "The supply side of IREN's Microsoft contract: a $5.8B purchase agreement with Dell Marketing L.P. for GPUs and ancillary equipment to build out the Childress GB300 capacity, disclosed alongside iren-microsoft-gb300-2025-11. Recorded as its own row because it is a distinct binding commitment with a different counterparty; the demand-side and supply-side dollars are never netted or combined.", "revisions": [] }, { "id": "iren-microsoft-gb300-2025-11", "announced": "2025-11-03", "disclosed_via": "8-k", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "iren", "role": "provider" }, { "entity": "microsoft", "role": "buyer" } ], "value": { "amount_usd": 9700000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2025-11-03" }, "term_years": 5, "capacity": { "mw_it": 200, "chip_count": null, "chip_type": "NVIDIA GB300" }, "dates": { "revenue_start": "2026-01-01", "revenue_start_precision": "year" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Includes a 20% prepayment. Capacity delivered in tranches during 2026 across four Horizon data centers at Childress, Texas (~200 MW IT load), with contract value running through 2031." }, "sources": [ { "url": "https://iren.gcs-web.com/news-releases/news-release-details/iren-secures-97bn-ai-cloud-contract-microsoft", "type": "primary", "date": "2025-11-03" }, { "url": "https://finance.yahoo.com/news/iren-signs-microsoft-9-7-132523930.html", "type": "other", "date": "2025-11-03" }, { "url": "https://www.datacenterdynamics.com/en/news/microsoft-signs-97bn-cloud-capacity-deal-with-iren/", "type": "other", "date": "2025-11-03" } ], "articles": [ "iren-2-8-billion-ai-contracts-arr-target" ], "notes": "IREN's anchor contract: five-year, ~$9.7B GPU cloud agreement giving Microsoft access to Nvidia GB300 capacity at Childress, Texas. Predates and is separate from the July 2026 $2.8B contract batch (iren-ai-cloud-contracts-2026-07), which is why Microsoft appears in that row's customer roster. Funded in part by the $5.8B Dell GPU purchase disclosed the same day (iren-dell-gpu-purchase-2025-11).", "revisions": [] }, { "id": "google-anthropic-tpu-2025-10", "announced": "2025-10-23", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "google", "role": "provider" }, { "entity": "anthropic", "role": "buyer" } ], "value": null, "term_years": null, "capacity": { "mw_it": 1000, "chip_count": 1000000, "chip_type": "Google TPU" }, "dates": { "revenue_start": "2026-01-01", "revenue_start_precision": "year" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Dollar value never disclosed by either party; contemporaneous tier-1 reporting put it at tens of billions of dollars. Capacity recorded at the disclosed floor: over 1 GW of compute coming online in 2026, with access to up to one million TPUs." }, "sources": [ { "url": "https://www.googlecloudpresscorner.com/2025-10-23-Anthropic-to-Expand-Use-of-Google-Cloud-TPUs-and-Services", "type": "primary", "date": "2025-10-23" }, { "url": "https://www.anthropic.com/news/expanding-our-use-of-google-cloud-tpus-and-services", "type": "primary", "date": "2025-10-23" }, { "url": "https://www.cnbc.com/2025/10/23/anthropic-google-cloud-deal-tpu.html", "type": "tier1", "date": "2025-10-23" } ], "articles": [], "notes": "Anthropic's expanded Google Cloud TPU commitment: access to up to one million TPUs and over 1 GW of capacity online in 2026, announced 2025-10-23. The row demonstrates the MW-only inclusion path: no dollar value was ever disclosed, so none is recorded, and the reported tens-of-billions figure stays out of every total. Part of Anthropic's stated multi-cloud approach across Google TPUs, Amazon Trainium and Nvidia GPUs.", "revisions": [] }, { "id": "meta-oracle-cloud-2025-10", "announced": "2025-10-16", "disclosed_via": "tier1_media", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "oracle", "role": "provider" }, { "entity": "meta", "role": "buyer" } ], "value": { "amount_usd": 20000000000, "kind": "media_reported", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": null, "as_of": "2025-09-19" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Oracle confirmed the existence of a Meta cloud deal on 2025-10-16 without disclosing terms; the ~$20B multi-year value comes from Bloomberg's reporting of the talks on 2025-09-19 and was never officially stated." }, "sources": [ { "url": "https://www.cnbc.com/2025/10/16/oracle-confirms-meta-cloud-deal-.html", "type": "tier1", "date": "2025-10-16" }, { "url": "https://www.bloomberg.com/news/articles/2025-09-19/oracle-in-talks-with-meta-on-20-billion-ai-cloud-computing-deal", "type": "tier1", "date": "2025-09-19" }, { "url": "https://www.datacenterdynamics.com/en/news/meta-in-talks-to-sign-20bn-oracle-cloud-deal-report/", "type": "other", "date": "2025-09-19" } ], "articles": [], "notes": "Oracle to provide Meta with training and deployment capacity alongside Meta's existing cloud providers. Status is binding on the strength of Oracle's public confirmation (CNBC, 2025-10-16); the dollar value is Bloomberg's reported ~$20B from the September talks, kept at media_reported with its own as_of date since neither company has stated a figure. Announced the row's date as the confirmation date, not the talks date.", "revisions": [] }, { "id": "meta-coreweave-initial-2025-09", "announced": "2025-09-30", "disclosed_via": "8-k", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "coreweave", "role": "provider" }, { "entity": "meta", "role": "buyer" } ], "value": { "amount_usd": 14200000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2025-09-30" }, "term_years": 6, "capacity": { "mw_it": null, "chip_count": null, "chip_type": "NVIDIA GB300" }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Runs through December 2031 per CoreWeave's SEC disclosure, which also gave Meta the option to materially expand its commitment through 2032; that option was exercised in April 2026 (see meta-coreweave-expansion-2026-04)." }, "sources": [ { "url": "https://www.cnbc.com/2025/09/30/coreweave-meta-deal-ai.html", "type": "tier1", "date": "2025-09-30" }, { "url": "https://www.forbes.com/sites/kirkogunrinde/2025/09/30/coreweave-strikes-142-billion-deal-with-meta-to-boost-ai-capability/", "type": "other", "date": "2025-09-30" }, { "url": "https://siliconangle.com/2025/09/30/meta-strikes-expanded-14-2b-ai-infrastructure-deal-coreweave/", "type": "other", "date": "2025-09-30" } ], "articles": [], "notes": "CoreWeave to supply Meta with up to $14.2B of AI computing capacity through December 2031, including access to Nvidia GB300 systems, per CoreWeave's SEC filing and same-day coverage. Announced days after the September OpenAI expansion, establishing Meta as CoreWeave's second anchor customer. Term shown as 6 years (2025 signing through December 2031).", "revisions": [] }, { "id": "coreweave-openai-expansion-2025-09", "announced": "2025-09-25", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "coreweave", "role": "provider" }, { "entity": "openai", "role": "buyer" } ], "value": { "amount_usd": 6500000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2025-09-25" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": "coreweave-openai-initial-2025-03", "counterparty_unnamed": false, "circular": true, "conditions": null }, "sources": [ { "url": "https://investors.coreweave.com/news/news-details/2025/CoreWeave-Expands-Agreement-with-OpenAI-by-up-to-6-5B/default.aspx", "type": "primary", "date": "2025-09-25" }, { "url": "https://www.cnbc.com/2025/09/25/coreweave-openai-6point5-billion-deal.html", "type": "tier1", "date": "2025-09-25" } ], "articles": [], "notes": "Expansion of the March 2025 agreement by up to $6.5B, taking the cumulative CoreWeave-OpenAI contract value to roughly $22.4B per CoreWeave (a figure that includes a reported May 2025 expansion of up to $4B still sitting in the candidate queue). Circular flag inherited from the parent agreement's cross-shareholding.", "revisions": [] }, { "id": "nvidia-openai-loi-2025-09", "announced": "2025-09-22", "disclosed_via": "press_release", "deal_type": "compute_equity", "status": "loi_mou", "parties": [ { "entity": "nvidia", "role": "financier" }, { "entity": "openai", "role": "buyer" } ], "value": { "amount_usd": 100000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2025-09-22" }, "term_years": null, "capacity": { "mw_it": 10000, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2026-01-01", "revenue_start_precision": "year" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Letter of intent, not a definitive agreement: investment staged progressively as each gigawatt of at least 10 GW of Nvidia systems is deployed. First gigawatt targeted for H2 2026 on the Vera Rubin platform." }, "sources": [ { "url": "https://nvidianews.nvidia.com/news/openai-and-nvidia-announce-strategic-partnership-to-deploy-10gw-of-nvidia-systems", "type": "primary", "date": "2025-09-22" }, { "url": "https://openai.com/index/openai-nvidia-systems-partnership/", "type": "primary", "date": "2025-09-22" }, { "url": "https://www.datacenterdynamics.com/en/news/openai-signs-loi-to-deploy-at-least-10gw-of-ai-data-centers-with-nvidia-hardware-nvidia-to-invest-up-to-100bn-in-openai/", "type": "other", "date": "2025-09-22" } ], "articles": [ "stock-market-today-july-27-2026-close-nvidia-openai-backstop", "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "NON-BINDING, excluded from binding aggregates: LOI for Nvidia to invest up to $100B in OpenAI, staged as each gigawatt of at least 10 GW of Nvidia systems deploys. The archetypal circular AI deal: the investor is the chip supplier whose systems the investment buys. Context for the July 2026 backstop talks (nvidia-openai-backstop-talks-2026-07).", "revisions": [] }, { "id": "openai-oracle-stargate-2025-09", "announced": "2025-09-10", "disclosed_via": "tier1_media", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "oracle", "role": "provider" }, { "entity": "openai", "role": "buyer" } ], "value": { "amount_usd": 300000000000, "kind": "media_reported", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2025-09-10" }, "term_years": 5, "capacity": { "mw_it": 4500, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2027-01-01", "revenue_start_precision": "year" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Neither company has press-released the $300B figure; it was reported by WSJ on 2025-09-10 and subsequently confirmed by OpenAI per CNBC. March 2026: the planned 600 MW Abilene flagship expansion was scrapped after financing talks stalled (Bloomberg), with capacity redistributed across other sites; the 4.5 GW program and the contract itself remained in effect per the same reporting." }, "sources": [ { "url": "https://www.bloomberg.com/news/features/2025-12-12/oracle-s-300-billion-openai-deal-has-investors-worried-about-its-ai-spending", "type": "tier1", "date": "2025-12-12" }, { "url": "https://www.cnbc.com/2025/09/13/openai-spending-spree-powering-much-of-tech-oracle-latest-example.html", "type": "tier1", "date": "2025-09-13" }, { "url": "https://www.oracle.com/news/announcement/q1fy26-earnings-release-2025-09-09/", "type": "primary", "date": "2025-09-09" }, { "url": "https://www.bloomberg.com/news/articles/2026-03-06/oracle-and-openai-end-plans-to-expand-flagship-data-center", "type": "tier1", "date": "2026-03-06" }, { "url": "https://www.datacenterdynamics.com/en/news/openai-signs-300bn-cloud-deal-with-oracle-report/", "type": "other", "date": "2025-09-10" } ], "articles": [ "ai-compute-deal-ledger-launch-free-dataset" ], "notes": "The largest verified compute contract on record: OpenAI to purchase $300B of computing power from Oracle over roughly five years starting 2027, part of the Stargate program, delivered from about 4.5 GW of capacity per the July 2025 Oracle-OpenAI development agreement (Bloomberg). Corroborated by Oracle's own FY26 Q1 release the day before the WSJ report: RPO up 359% to $455B on 'four multi-billion-dollar contracts with three different customers'. Held in the candidate queue at ledger launch until a primary source and two tier-1 URLs were captured; promoted the same day.", "revisions": [] }, { "id": "nebius-microsoft-2025-09", "announced": "2025-09-08", "disclosed_via": "8-k", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "nebius", "role": "provider" }, { "entity": "microsoft", "role": "buyer" } ], "value": { "amount_usd": 17400000000, "kind": "company_stated", "basis": "base_term", "qualifier": "approximately", "max_with_options_usd": 19400000000, "as_of": "2025-09-08" }, "term_years": 5, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2025-01-01", "revenue_start_precision": "year" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "Total contract value subject to deployment and availability of the GPU services, delivered in tranches during 2025 and 2026 from the Vineland, New Jersey data center. Microsoft may acquire additional services and capacity, lifting the total to about $19.4B." }, "sources": [ { "url": "https://nebius.com/newsroom/nebius-announces-multi-billion-dollar-agreement-with-microsoft-for-ai-infrastructure", "type": "primary", "date": "2025-09-08" }, { "url": "https://www.cnbc.com/2025/09/08/nebius-stock-soars-on-ai-infrastructure-deal-with-microsoft-.html", "type": "tier1", "date": "2025-09-08" }, { "url": "https://finance.yahoo.com/news/nebius-signs-17-4-billion-211147146.html", "type": "other", "date": "2025-09-08" } ], "articles": [], "notes": "Five-year agreement for Nebius to provide Microsoft dedicated GPU infrastructure capacity at its Vineland, New Jersey site: about $17.4B through 2031, expandable to about $19.4B. Nebius shares jumped roughly 60% on the disclosure. Part of Microsoft's pattern of leasing third-party capacity (see also iren-microsoft-gb300-2025-11) rather than waiting on its own buildout.", "revisions": [] }, { "id": "coreweave-openai-expansion-2025-05", "announced": "2025-05-14", "disclosed_via": "earnings_call", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "coreweave", "role": "provider" }, { "entity": "openai", "role": "buyer" } ], "value": { "amount_usd": 4000000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2025-05-14" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": "coreweave-openai-initial-2025-03", "counterparty_unnamed": false, "circular": true, "conditions": "OpenAI pays through 2029. Disclosed on CoreWeave's Q1 2025 earnings call as an unnamed 'enterprise AI company'; the counterparty was identified as OpenAI in the regulatory filing the following day." }, "sources": [ { "url": "https://www.bloomberg.com/news/articles/2025-05-15/openai-expands-coreweave-tie-up-with-new-4-billion-cloud-deal", "type": "tier1", "date": "2025-05-15" }, { "url": "https://finance.yahoo.com/news/coreweave-signs-4-billion-deal-151429404.html", "type": "other", "date": "2025-05-15" } ], "articles": [], "notes": "The middle link of the CoreWeave-OpenAI chain: up to $4B of additional capacity through 2029, disclosed at Q1 2025 earnings, between the March initial agreement (up to $11.9B) and the September expansion (up to $6.5B). Promoted from the candidate queue on 2026-08-03 once the Bloomberg capture pinned the date. Circular flag inherited from the parent agreement's cross-shareholding.", "revisions": [] }, { "id": "galaxy-coreweave-helios-2025-03", "announced": "2025-03-28", "disclosed_via": "press_release", "deal_type": "capacity_lease", "status": "binding", "parties": [ { "entity": "galaxy-digital", "role": "provider" }, { "entity": "coreweave", "role": "buyer" } ], "value": { "amount_usd": 15000000000, "kind": "computed", "basis": "annualized", "qualifier": "at_least", "max_with_options_usd": null, "as_of": "2026-07-06" }, "term_years": 15, "capacity": { "mw_it": 526, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": "2026-04-01", "revenue_start_precision": "quarter" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": false, "conditions": "15-year base lease plus two five-year extension options. Capacity was committed in three tranches at Galaxy's Helios campus (Dickens County, TX): 133 MW critical IT signed 2025-03-28 (~$4.5B company-stated revenue over the 15-year term), a second 260 MW tranche signed August 2025 on similar terms, and a final 133 MW option CoreWeave later exercised, together totaling the 526 MW critical IT / 800 MW gross power CoreWeave has now committed to. Amount here uses Galaxy's own most recent combined guidance (average annual revenue 'more than $1 billion' across all three tranches, as restated in the July 2026 Phase I completion release) times the 15-year term, rather than summing the individually-announced tranche figures, to avoid double counting; treat $15B as a floor, not the company's headline number." }, "sources": [ { "url": "https://www.prnewswire.com/news-releases/galaxy-completes-phase-i-of-its-helios-data-center-campus-delivering-133-megawatts-of-critical-it-load-to-coreweave-302818664.html", "type": "primary", "date": "2026-07-06" }, { "url": "https://www.bloomberg.com/news/articles/2026-07-22/coreweave-backed-data-center-plans-3-5-billion-junk-bond-sale", "type": "tier1", "date": "2026-07-22" } ], "articles": [], "notes": "Phase I (133 MW) has been delivering revenue since rent commencement in Q2 2026. Phase II (260 MW) is expected to deliver in H1 2027, financed in part by a $3.507B senior secured note offering (Helios subsidiary, priced ~2026-07-22, 9.875% coupon due 2031); that financing is a capital-raise, not a separate compute deal, and is not its own ledger row. Total approved campus power is 1.63 GW with potential to scale to 3.6 GW; only the 526 MW CoreWeave has contracted for is counted here. Surfaced this run via the EDGAR watchlist hit on Galaxy Digital's Q2 2026 8-K (filed 2026-08-05); the underlying lease predates this run.", "revisions": [] }, { "id": "coreweave-openai-initial-2025-03", "announced": "2025-03-10", "disclosed_via": "press_release", "deal_type": "cloud_services", "status": "binding", "parties": [ { "entity": "coreweave", "role": "provider" }, { "entity": "openai", "role": "buyer" } ], "value": { "amount_usd": 11900000000, "kind": "company_stated", "basis": "base_term", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2025-03-10" }, "term_years": 5, "capacity": { "mw_it": null, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": null }, "sources": [ { "url": "https://investors.coreweave.com/news/news-details/2025/CoreWeave-Announces-Agreement-with-OpenAI-to-Deliver-AI-Infrastructure/default.aspx", "type": "primary", "date": "2025-03-10" }, { "url": "https://www.cnbc.com/2025/03/10/openai-to-pay-coreweave-11point9-billion-over-five-years-for-ai-tech.html", "type": "tier1", "date": "2025-03-10" } ], "articles": [], "notes": "Initial five-year agreement of up to $11.9B for CoreWeave to deliver AI infrastructure to OpenAI, signed just ahead of CoreWeave's IPO. Flagged circular: OpenAI simultaneously became a CoreWeave investor via $350M of stock issued as part of the deal. A further expansion of up to $4B was reported in May 2025; it sits in the candidate queue until a primary source with an exact date is captured.", "revisions": [] }, { "id": "stargate-framework-2025-01", "announced": "2025-01-21", "disclosed_via": "press_release", "deal_type": "build_contract", "status": "framework", "parties": [ { "entity": "openai", "role": "buyer" }, { "entity": "softbank", "role": "financier" }, { "entity": "oracle", "role": "provider" }, { "entity": "mgx", "role": "financier" } ], "value": { "amount_usd": 500000000000, "kind": "company_stated", "basis": "program_envelope", "qualifier": "up_to", "max_with_options_usd": null, "as_of": "2025-01-21" }, "term_years": 4, "capacity": { "mw_it": 10000, "chip_count": null, "chip_type": null }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Intent to invest $500B over four years, $100B initially, targeting 10 GW. SoftBank holds financial responsibility, OpenAI operational responsibility; initial equity funders SoftBank, OpenAI, Oracle and MGX. By late 2025 the program reported nearly 7 GW of planned capacity and over $400B of investment across announced sites." }, "sources": [ { "url": "https://openai.com/index/announcing-the-stargate-project/", "type": "primary", "date": "2025-01-21" }, { "url": "https://group.softbank/en/news/press/20250122", "type": "primary", "date": "2025-01-22" }, { "url": "https://www.spglobal.com/market-intelligence/en/news-insights/research/softbabnk-openai-oracle-and-mgx-commit-to-100b-for-stargate-ai-infrastructure", "type": "other", "date": "2025-01-22" } ], "articles": [], "notes": "PROGRAM ENVELOPE, excluded from every summed total: the January 2025 Stargate announcement of intent to invest $500B over four years in US AI infrastructure. The discrete contracts inside it get their own rows as they sign, most notably the $300B OpenAI-Oracle compute contract (openai-oracle-stargate-2025-09); summing the envelope and its contents would double count by construction. Circular: the operational partner is the anchor customer of the capacity the JV builds.", "revisions": [] }, { "id": "amazon-anthropic-investment-2024-11", "announced": "2024-11-22", "disclosed_via": "press_release", "deal_type": "compute_equity", "status": "binding", "parties": [ { "entity": "amazon", "role": "financier" }, { "entity": "anthropic", "role": "buyer" } ], "value": { "amount_usd": 4000000000, "kind": "company_stated", "basis": "base_term", "qualifier": null, "max_with_options_usd": null, "as_of": "2024-11-22" }, "term_years": null, "capacity": { "mw_it": null, "chip_count": null, "chip_type": "AWS Trainium" }, "dates": { "revenue_start": null, "revenue_start_precision": "unknown" }, "flags": { "expansion_of": null, "counterparty_unnamed": false, "circular": true, "conditions": "Doubled Amazon's total Anthropic investment to $8B; only the incremental $4B tranche is recorded on this row. Announced with AWS becoming Anthropic's primary cloud and training partner, training on AWS Trainium." }, "sources": [ { "url": "https://www.cnbc.com/2024/11/22/amazon-to-invest-another-4-billion-in-anthropic-openais-biggest-rival.html", "type": "tier1", "date": "2024-11-22" }, { "url": "https://techcrunch.com/2024/11/22/anthropic-raises-an-additional-4b-from-amazon-makes-aws-its-primary-cloud-partner/", "type": "other", "date": "2024-11-22" } ], "articles": [], "notes": "The earliest row in the ledger and the template for compute-linked equity: Amazon's additional $4B investment (total $8B) announced alongside AWS becoming Anthropic's primary cloud and training partner on Trainium silicon. The compute relationship this seeded later produced Project Rainier (~500,000 Trainium2 chips activated October 2025, ~1M by year-end) and the April 2026 expansion (amazon-anthropic-investment-2026-04, anthropic-aws-commitment-2026-04). Circular: the compute provider funding its own customer.", "revisions": [] } ] }