AI datacenters/Compute deals
AI datacenters
Who buys compute from whom
The AI datacenter tables show what is being built. This one shows who is paying for it. 76 announced deals are recorded, from labs buying cloud capacity to developers leasing powered shells to chip suppliers taking equity. 39 state a headline value, which adds up to $1337 billion on paper. That total should not be read as money committed. Headline values are usually multi-year maximums, overlap with each other (a lab's cloud contract and the cloud's lease with a developer can be the same capacity counted twice), and several have been restructured since they were announced.
- Stated by a party or in a filing
- Press reported
Table view: Headline value of compute deals by seller
| Seller | Deals | Stated ($bn) | Press reported ($bn) | Stated MW |
|---|---|---|---|---|
| Oracle | 1 | 300.0 | 0.0 | 4500 |
| Microsoft | 2 | 280.0 | 0.0 | 1000 |
| Amazon | 5 | 243.0 | 0.0 | 5000 |
| NVIDIA | 7 | 102.0 | 0.0 | 10560 |
| CoreWeave | 6 | 59.9 | 0.0 | 0 |
| Nscale | 7 | 50.8 | 0.0 | 660 |
| Fluidstack | 2 | 50.0 | 0.0 | 40 |
| Nebius | 3 | 47.3 | 0.0 | 0 |
| TeraWulf | 4 | 32.2 | 0.0 | 929 |
| Broadcom | 3 | 21.0 | 0.0 | 13500 |
| Valor Equity Partners | 1 | 20.2 | 0.0 | 0 |
| Cerebras | 1 | 20.0 | 0.0 | 750 |
All deals
| Date | Buyer | Seller | Type | MW | Accelerators | Value ($bn) | Basis | Confidence | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09-08 | OpenAI | Firmus Technologies | Cloud contract | - | - | - | Company stated | rep | firmus.co | Multi-year deal: OpenAI contracts dedicated capacity from two Firmus AI Factory sites in Malaysia (Nvidia Vera Rubin NVL72). MW, GPUs, value and term not stated. |
| 2026-08-25 | Anthropic | Nscale | Cloud contract | - | - | 44.6 | Regulatory filing | rep | sec.gov | Four GPU services agreements at Monarch campus, West Virginia, NVIDIA Vera Rubin NVL72, up to about $44.6bn. Nscale has no binding financing yet; tranches terminable for delay. |
| 2026-08-17 | OpenAI | SB Energy | Datacenter lease | 8,000 | - | - | Regulatory filing | ver | sec.govsec.gov | PORTS campus, Pike County OH: 17 leases, about 8.0 GW-IT, 20-year terms. Nvidia guaranty (cap $105bn) covers first 4.25 GW; option for 3.8 GW more. Ready for service from 2028. |
| 2026-07-06 | Anthropic | TeraWulf | Datacenter lease · Justified Data (Anthropic) | 401 | - | 19 | Regulatory filing | rep | sec.govsec.gov | 20-year lease, about 401 MW critical IT at Hawesville, Kentucky, delivery late 2027 to early 2028, about $19bn contracted revenue, investment-grade credit support expected. |
| 2026-05-05 | Microsoft | Nscale | Cloud contract · SINES Data Campus GB300 Deployment | 200 | 66,000 | - | Company stated | rep | nscale.com | More than 66,000 Vera Rubin GPUs from late 2027 in a second 200MW building at Start Campus, Sines. Nscale to invest EUR 230M shared infrastructure and EUR 465M for the building. |
| 2026-05 | Anthropic | xAI | Cloud contract | - | 325,000 | - | Regulatory filing | rep | sec.gov | SpaceX (xAI) cloud agreements: about 325,000 NVIDIA GPUs across Colossus and Colossus II, $1.25bn per month through May 2029, cancellable on 90 days notice after month three. |
| 2026-05 | xAI | Valor Equity Partners | Other | - | - | 20.206 | Regulatory filing | rep | sec.gov | SpaceX prospectus: three Valor equipment leases of computing equipment to xAI units, payments $6.986bn, $6.633bn and $6.587bn (summed), SpaceX-guaranteed. Lease dates not given. |
| 2026-04-22 | EuroHPC JU | E4 Computer Engineering | Other · IT4LIA | - | - | - | Company stated | rep | eurohpc-ju.europa.eu | EuroHPC JU procurement contract with E4 and Dell for a liquid-cooled GB200 NVL4 AI supercomputer for IT4LIA (CINECA, Bologna). Contract price not shown on the page read. |
| 2026-04-20 | Anthropic | Amazon | Cloud contract | 5,000 | - | 100 | Company stated | ver | anthropic.comsec.gov | Up to 5 GW of new capacity; Anthropic commits more than $100bn over ten years to AWS (Graviton, Trainium2 to 4); nearly 1 GW of Trainium2/3 by end 2026. Value is a floor. |
| 2026-04-14 | Microsoft | Nscale | Cloud contract · Microsoft Azure AI datacenter (Narvik, Norway) | 230 | 30,000 | - | Company stated | rep | nscale.comdatacenter-forum.com | Adds more than 30,000 Vera Rubin GPUs for 2027 on the 230MW Narvik campus (MW is the campus, not the increment). Bloomberg: takes capacity once slated for OpenAI's Stargate Norway. |
| 2026-04-10 | Anthropic | CoreWeave | Cloud contract | - | - | - | Company stated | rep | coreweave.comsec.gov | Multi-year agreement with phased roll-out from later in 2026 and potential to expand. No value, MW or chip count disclosed. |
| 2026-04-06 | Anthropic | Broadcom | Chip supply | 3,500 | - | - | Press report | rep | anthropic.comigorslab.de | Anthropic says multiple gigawatts of TPU capacity from 2027, mostly US; Reuters (via Igor's Lab) puts it near 3.5GW via Broadcom. Financial terms undisclosed. |
| 2026-03-31 | Meta Platforms | CoreWeave | Cloud contract | - | - | 21 | Regulatory filing | rep | sec.govsec.gov | Order form of 31 Mar 2026: Meta committed about $21bn incl. new capacity through Dec 2032 and exercise of an option under an earlier order through Apr 2032. |
| 2026-03-13 | Meta Platforms | Nebius | Cloud contract | - | - | 27 | Regulatory filing | rep | sec.gov | Up to about $27bn: $12bn of firm 5-year dedicated GPU cluster orders from early 2027 plus up to $15bn for Meta to buy any unsold capacity on specified clusters. |
| 2026-02-27 | OpenAI | Amazon | Cloud contract | - | - | 100 | Regulatory filing | rep | sec.gov | Amazon 10-Q: Q1 2026 expansion of the $38bn commitment by $100bn over 8 years, incl. obligations tied to AWS chips. Source gives no GW figure. |
| 2026-02-23 | Meta Platforms | AMD | Equity for compute | 6,000 | - | - | Regulatory filing | rep | sec.gov | AMD Instinct purchases by Meta with a warrant for 160m AMD shares at $0.01, vesting with purchases up to 6 GW equivalent and price targets to $600; first 1 GW binding. No USD value. |
| 2026-02-18 | Yotta Data Services | NVIDIA | Chip supply · Yotta D2 Blackwell Ultra Cluster | 60 | 20,736 | 2 | Company stated | rep | cxotoday.com | 20,736 HGX B300 GPUs at the 60MW D2 center, Greater Noida, live by Aug 2026; over $2B total investment (not a chip price). Nvidia separately commits over $1B over four years for DGX Cloud there. |
| 2026-02-17 | Meta Platforms | NVIDIA | Chip supply | - | - | - | Company stated | rep | nvidianews.nvidia.com | Multiyear, multigenerational partnership: NVIDIA CPUs, millions of Blackwell and Rubin GPUs and Spectrum-X networking for Meta data centers. No MW or USD disclosed. |
| 2026-01-09 | OpenAI | SB Energy | Datacenter lease · Stargate Milam County | 753 | - | - | Regulatory filing | rep | sec.gov | SB Energy S-1/A: Milam County leases total about 753 MW critical IT in two buildings, 15-year initial terms, OpenAI tenant, tied to the Jan 2026 Foundation Agreement. USD not stated. |
| 2026-01 | OpenAI | Cerebras | Cloud contract | 750 | - | 20 | Regulatory filing | rep | sec.gov | MRA Dec 2025: 750 MW committed over 2026-2028 plus option for 1.25 GW more by 2030; prospectus says valued above $20bn (press first said over $10bn). OpenAI holds a warrant. |
| 2025-12-17 | Fluidstack | Hut 8 | Datacenter lease · River Bend (Fluidstack) | 245 | - | 7 | Company stated | rep | sec.govsec.gov | 15-year triple-net lease for 245 MW IT at River Bend LA, $7.0bn base term (up to $17.7bn with renewals), Google backstop, first hall Q2 2027, ROFO on 1,000 MW more. |
| 2025-12-11 | Anthropic | Broadcom | Chip supply | - | - | 21 | Company stated | rep | sdxcentral.com | Broadcom CEO said on its earnings call that Anthropic placed a $10B then an $11B order for Google Ironwood TPU racks, the later one for delivery in 2026. Total is the sum of two orders. |
| 2025-12-05 | OpenAI | NEXTDC | Datacenter lease · NEXTDC S7 Sydney AI Campus | - | - | - | Regulatory filing | rep | nextdc.comw.media | ASX-announced MoU for an AI campus and GPU supercluster at S7 Eastern Creek, first phase H2 2027 subject to approvals. AUD 7B plan per w.media (not converted). Not a lease yet. |
| 2025-11-20 | Nscale | Verne | Datacenter lease · Nscale Verne Iceland Cluster | 15 | 4,600 | - | Company stated | ver | nscale.comverne.co | 15MW deployment of about 4,600 Blackwell Ultra GPUs at Verne's Keflavik campus through 2026. Lease terms and value not stated. |
| 2025-11-19 | xAI | HUMAIN | Other | 500 | - | - | Press report | rep | middleeastainews.comw.media | Framework agreement for a 500MW-plus xAI GPU data center in Saudi Arabia, announced at the US-Saudi Investment Forum. No value, GPU count or term in the sources read. |
| 2025-11-18 | Anthropic | Microsoft | Cloud contract | 1,000 | - | 30 | Company stated | ver | anthropic.comblogs.microsoft.com | Anthropic commits $30bn of Azure compute and up to 1 GW more on Grace Blackwell and Vera Rubin. Nvidia to invest up to $10bn and Microsoft up to $5bn in Anthropic. |
| 2025-11-12 | Anthropic | Fluidstack | Other | - | - | 50 | Company stated | rep | anthropic.com | Anthropic announces $50bn US data center investment with Fluidstack in Texas and New York, sites online through 2026. MW and own-versus-lease structure not stated. |
| 2025-11-04 | Deutsche Telekom | NVIDIA | Chip supply · Industrial AI Cloud | - | 10,000 | - | Company stated | rep | blogs.nvidia.comtelekom.com | Industrial AI Cloud in Munich on up to 10,000 Blackwell GPUs (DGX B200, RTX PRO servers), operating since 2026-02-04. Investment value not stated in the pages read. |
| 2025-11-03 | Microsoft | G42 | Other | - | - | 15.2 | Company stated | rep | blogs.microsoft.com | Microsoft UAE spend 2023-2029: $7.3B to 2025 (incl. $1.5B G42 equity) plus $7.9B planned; GB300 export licences worth 60,400 A100-equivalents. Total investment, not a G42 contract. |
| 2025-11-03 | ByteDance | Omnia Data Centers | Datacenter lease · Omnia Pecem (TikTok) | 200 | - | - | Press report | rep | infomoney.com.brthenextweb.com | Reuters: ByteDance expected sole client of the Pecem campus (300MW envelope, 200MW IT). TNW reports ByteDance $7-8B for IT gear and Omnia ~$2B; not confirmed by the firms. |
| 2025-11-03 | Microsoft | IREN | Cloud contract · IREN Childress Horizons 1-4 (Microsoft) | 200 | - | 9.7 | Regulatory filing | rep | sec.govsec.gov | GB300 GPU services at Childress Horizon 1-4, about 200 MW IT, five-year average term, about $9.7bn through 2031. Microsoft accepted Horizon 1 in Aug 2026. |
| 2025-11-03 | Amazon | Cipher Mining | Datacenter lease · Cipher Black Pearl (AWS) | 300 | - | 5.5 | Company stated | rep | sec.gov | About $5.5bn 15-year lease to AWS for turnkey space and power; 300 MW delivered in 2026 in two phases (from Jul 2026), rent from Aug 2026. |
| 2025-11 | OpenAI | Amazon | Cloud contract | - | - | 38 | Company stated | rep | aboutamazon.comsec.gov | Amazon: $38bn agreement growing over seven years, hundreds of thousands of NVIDIA GB200/GB300 GPUs, capacity targeted before end 2026. Expanded Feb 2026 (next row). |
| 2025-11 | Meta Platforms | Nebius | Cloud contract | - | - | 2.9 | Regulatory filing | rep | sec.gov | First order under Meta agreement: two dedicated GPU clusters delivered Dec 2025 and Feb 2026, about $2.9bn over five years; Meta may extend or add capacity. |
| 2025-10-30 | Hyundai Motor Group | NVIDIA | Chip supply · Hyundai Motor Group Blackwell AI Factory | - | 50,000 | - | Company stated | rep | nvidianews.nvidia.comkoreatimes.co.kr | Part of Nvidia's 260,000-GPU Korea plan (Samsung 50k, SK 50k, Hyundai 50k, Naver 60k, govt 50k), MoU-level. The ~$3B Hyundai-Nvidia physical-AI investment is not a chip price. |
| 2025-10-29 | Anthropic | Amazon | Cloud contract · Project Rainier | - | - | - | Company stated | rep | aboutamazon.com | Amazon: Rainier fully operational with nearly half a million Trainium2 chips; Claude expected on over 1M Trainium2 chips by end 2025. MW and USD not stated. |
| 2025-10-28 | HUMAIN | Qualcomm | Chip supply · HUMAIN Qualcomm AI 100 Cluster | 200 | - | - | Company stated | rep | de.tradingview.commiddleeastainews.com | HUMAIN targets 200MW of Qualcomm AI200/AI250 racks from 2026; no dollar value. Phase one reported as 1,024 Cloud AI 100 accelerators delivered Feb 2026. |
| 2025-10-28 | OpenAI | Microsoft | Cloud contract | - | - | 250 | Company stated | rep | blogs.microsoft.com | Microsoft states OpenAI contracted an incremental $250bn of Azure services in the restructured agreement; Microsoft loses its right of first refusal. Term not stated. |
| 2025-10-28 | Fluidstack | TeraWulf | Joint venture · Abernathy (Fluidstack) | 168 | - | 9.5 | Company stated | rep | sec.govsec.gov | Fluidstack JV (TeraWulf 51 percent) for 168 MW at Abernathy TX, 25-year lease about $9.5bn, Google backstop $1.3bn. TeraWulf agreed in Jul 2026 to sell its stake for about $530m. |
| 2025-10-23 | Anthropic | Alphabet | Cloud contract · Google TPU (Ironwood) capacity for Anthropic | 1,000 | 1,000,000 | - | Company stated | rep | anthropic.comnasdaq.com | Up to 1,000,000 TPUs and well over 1GW online in 2026 (MW is a lower bound); value described as tens of billions of dollars, no figure given. |
| 2025-10-21 | CoreWeave | Galaxy Digital | Datacenter lease · Galaxy Helios (CoreWeave) | 800 | - | - | Regulatory filing | rep | sec.govsec.gov | CoreWeave commits to the full 800 MW of approved power at Helios, Texas, after the Phase II lease and final 133 MW option. 15-year Phase I lease; 133 MW IT delivered by mid 2026. |
| 2025-10-16 | Firmus Technologies | CDC Data Centres | Other | 150 | 54,000 | - | Company stated | rep | firmus.cow.media | Alliance with CDC and Nvidia: first stages up to 150MW and 54,000 GB300 by mid-2026; A$4.5B initial, A$73.3B and 1.6GW through 2028 (AUD, not converted). |
| 2025-10-15 | Microsoft | Nscale | Cloud contract | - | 200,000 | - | Company stated | rep | nscale.comlp.startcampus.pt | About 200,000 GB300 GPUs: Texas ~104k (240MW), Narvik ~52k, Loughton ~23k (50MW), Sines ~12.6k. Overlaps the Narvik and Loughton deals. Multi-year; no value stated by Nscale. |
| 2025-10-13 | OpenAI | Broadcom | Chip supply | 10,000 | - | - | Company stated | rep | seekingalpha.com | Joint release: 10 GW of OpenAI-designed accelerators and Broadcom Ethernet racks, deployment targeted 2H 2026 to end 2029. No financial terms disclosed. |
| 2025-10-06 | OpenAI | AMD | Equity for compute | 6,000 | - | - | Regulatory filing | rep | sec.govir.amd.com | 6 GW of AMD Instinct GPUs, first 1 GW of MI450 from 2H 2026. AMD warrant for 160m shares vests with purchases up to 6 GW and price targets to $600. No USD value stated. |
| 2025-10 | Meta Platforms | Blue Owl Capital | Joint venture · Meta Hyperion | - | - | 12.3 | Regulatory filing | rep | sec.gov | Richland Parish LA JV: Blue Owl funds hold 80 percent ($7.0bn cash), Meta 20 percent. Meta leases from 2029: initial commitment about $12.3bn over 4 years, renewable to 20; $28bn residual guarantee. |
| 2025-09-30 | Meta Platforms | CoreWeave | Cloud contract | - | - | 14.2 | Regulatory filing | rep | sec.govsec.gov | Order form of 25 Sep 2025 under Dec 2023 MSA: Meta initially committed up to about $14.2bn through 14 Dec 2031, with an option to expand materially through 2032. |
| 2025-09-25 | OpenAI | CoreWeave | Cloud contract | - | - | 6.5 | Regulatory filing | rep | sec.govsec.gov | Order form of 23 Sep 2025: OpenAI committed up to about $6.5bn through 31 May 2031 under the May 2025 MSA. Separate from the $11.9bn March 2025 contract. |
| 2025-09-25 | Fluidstack | Cipher Mining | Datacenter lease · Barber Lake (Fluidstack) | 168 | - | 3 | Regulatory filing | rep | sec.govsec.gov | 168 MW critical IT, 10-year lease, about $3bn; Google backstops $1.4bn and gets warrants. Sep 2026 amendment: an unnamed AI lab committed to a further 10-year lease, about $5.2bn. |
| 2025-09-22 | OpenAI | NVIDIA | Equity for compute | 10,000 | - | 100 | Company stated | rep | nvidianews.nvidia.comsec.gov | Letter of intent: 10 GW of NVIDIA systems, Nvidia to invest up to $100bn per GW deployed. Never finalised: Feb 2026 10-K says still finalising; press reported a $30bn equity deal instead. |
| 2025-09-18 | NVIDIA | Intel | Equity for compute | - | - | 5 | Company stated | rep | nvidianews.nvidia.comthe-decoder.com | Nvidia buys $5B of Intel stock at $23.28 a share (subject to approvals) and co-develops x86 RTX SoCs and custom x86 CPUs for Nvidia data centers. Equity plus co-design, no compute volume. |
| 2025-09-17 | Microsoft | Nscale | Cloud contract · Microsoft Azure AI datacenter (Narvik, Norway) | - | 52,000 | 6.2 | Company stated | ver | filingreader.comnews.microsoft.com | Binding five-year agreement via the Aker-Nscale JV, about $6.2B, staged from 2026; about 52,000 GB300 GPUs per Nscale's Oct 2025 release. Included in the Oct 2025 umbrella deal. |
| 2025-09-16 | OpenAI | Nscale | Cloud contract | - | 8,000 | - | Company stated | rep | nscale.comtechzine.eu | OpenAI to explore offtake of up to 8,000 GPUs from Q1 2026, scalable to 31,000. Apr 2026 reports: OpenAI put Stargate UK on hold (energy costs, regulation). No value stated. |
| 2025-09-09 | NVIDIA | CoreWeave | Cloud contract | - | - | 6.3 | Regulatory filing | rep | sec.gov | Order form with initial value $6.3bn: Nvidia must buy CoreWeave's residual unsold cloud capacity through 13 Apr 2032 (a capacity backstop). Nvidia also supplies GPUs and is a shareholder. |
| 2025-09-08 | Microsoft | Nebius | Cloud contract · Nebius Vineland (Microsoft) | - | - | 17.4 | Regulatory filing | rep | sec.gov | Dedicated GPU capacity in tranches at Vineland NJ, five years, about $17.4bn through 2031 (up to $19.4bn if Microsoft adds services); tranches deploy across 2025 and 2026. |
| 2025-08-29 | CoreWeave | Applied Digital | Datacenter lease · Polaris Forge 1 (Ellendale) | 150 | - | 4 | Regulatory filing | rep | sec.gov | Third lease: CoreWeave exercised its option for 150 MW Building 4, about $4.0bn over about 15 years, service-ready mid 2027; total leased 400 MW. Applied Digital issued warrants. |
| 2025-08-21 | Meta Platforms | Alphabet | Cloud contract | - | - | 10 | Press report | rep | cnbc.comdatacentrereview.com | Press reports citing sources: six-year Google Cloud deal worth more than $10bn (servers, storage, networking). Not confirmed by either company; value is a floor. |
| 2025-08-18 | Fluidstack | TeraWulf | Datacenter lease · Lake Mariner (Fluidstack) | 160 | - | - | Regulatory filing | rep | sec.govsec.gov | CB-5 lease for over 160 MW, delivery by end 2026, same terms. Lake Mariner total now over 360 MW and $6.7bn; Google backstop rises to $3.2bn. |
| 2025-08-14 | Fluidstack | TeraWulf | Datacenter lease · Lake Mariner (Fluidstack) | 200 | - | 3.7 | Regulatory filing | rep | sec.govsec.gov | Two 10-year leases (CB-3, CB-4), over 200 MW critical IT at Lake Mariner NY, about $3.7bn (up to $8.7bn with extensions); Google backstops $1.8bn and gets warrants. |
| 2025-07-31 | OpenAI | Nscale | Cloud contract · Microsoft Azure AI datacenter (Narvik, Norway) | 230 | 100,000 | - | Company stated | rep | nscale.comdatacenter-forum.com | OpenAI named initial offtaker, target 100,000 GPUs by end-2026. Apr 2026 (Bloomberg): no agreement concluded and Microsoft took the capacity; OpenAI says it still explores Norway. |
| 2025-07-22 | OpenAI | Oracle | Cloud contract | 4,500 | - | 300 | Company stated | ver | group.softbanktomshardware.com | 4.5 GW added Jul 2025; joint release says partnership exceeds $300bn over five years (WSJ: starts 2027). Oracle said Mar 2026 leasing for the 4.5 GW is complete. Multi-site. |
| 2025-07-07 | CoreWeave | Core Scientific | Datacenter lease | 590 | - | - | Regulatory filing | rep | sec.govsec.gov | About 590 MW leased power to CoreWeave. $9bn all-stock merger agreed Jul 2025 was voted down 30 Oct 2025 and terminated; leases continue. Lease USD not stated. |
| 2025-06-25 | KDDI | Hewlett Packard Enterprise | Chip supply · KDDI GPU Cloud | - | - | - | Company stated | rep | telecomtv.comnewsroom.kddi.com | HPE builds Nvidia GB200 NVL72 rack-scale systems and hybrid cooling for KDDI's Osaka Sakai AI data center. KDDI targets operations by end of FY2025. No value, MW or GPU count. |
| 2025-06-20 | Amazon | SK Telecom | Joint venture · SK Ulsan AI Data Center | 100 | 60,000 | - | Press report | rep | lightreading.comtechblog.comsoc.org | AWS AI Zone data center in Ulsan: 100MW (103MW at full build), 60,000 GPUs reported. Firms did not disclose investment; Yonhap/Reuters cite 7 trillion won incl. $4B AWS. |
| 2025-06-11 | Mistral AI | NVIDIA | Chip supply · Mistral Campus AI (Bruyeres-le-Chatel) | - | 18,000 | - | Company stated | rep | blogs.nvidia.comblogs.nvidia.com | 18,000 Blackwell-class GPUs planned for Mistral Compute's initial phase; Nvidia's 2026 blog says the first deployment is operational at Bruyeres-le-Chatel. No dollar value. |
| 2025-06-11 | Mistral AI | MGX | Joint venture · Campus AI Fouju | 1,400 | - | - | Company stated | rep | blogs.nvidia.comlavoixdefrance.fr | Mistral, Nvidia, Bpifrance and MGX plan a 1.4GW Paris-region AI campus; June 2026 agreement lifted the Campus AI target to 3GW. Ownership split and value not stated. |
| 2025-06-02 | CoreWeave | Applied Digital | Datacenter lease · Polaris Forge 1 (Ellendale) | 250 | - | 7 | Regulatory filing | rep | sec.gov | Two leases signed 28 May 2025 at Ellendale ND: 100 MW Building 2 (about $3bn) and 150 MW Building 3 (about $4bn), about 15 years each plus three 5-year options. |
| 2025-05-13 | HUMAIN | NVIDIA | Chip supply · HUMAIN AI Factory Phase 1 | 500 | 18,000 | - | Company stated | rep | nvidianews.nvidia.comfastcompanyme.com | Up to 500MW and several hundred thousand Nvidia GPUs over five years; accelerators is the stated first phase (18,000 GB300) only. No dollar value stated. |
| 2025-05-13 | HUMAIN | AMD | Chip supply | 500 | - | 10 | Company stated | rep | newsroom.amd.com | Parties to invest up to $10B to deploy 500MW of AMD Instinct-based compute over five years across Saudi Arabia and the US. Headline maximum, not a contract price. |
| 2025-05-13 | HUMAIN | Amazon | Other | - | - | 5 | Company stated | rep | press.aboutamazon.com | AWS and HUMAIN to invest $5B-plus in an AI Zone with dedicated AWS AI infrastructure in Saudi Arabia. Minimum combined investment, not a contract price; no MW or chip named. |
| 2025-05 | OpenAI | G42 | Joint venture · Stargate UAE | 1,000 | - | - | Company stated | rep | g42.aithenationalnews.com | 1GW cluster built by G42 and operated by OpenAI and Oracle with Nvidia GB300 systems; first 200MW due 2026 (The National: Q3 2026). No dollar value stated. |
| 2025-05 | DataVolt | Supermicro | Chip supply | - | - | 20 | Press report | rep | baxtel.com | Multi-year $20B agreement for Supermicro GPU platforms and rack systems for DataVolt campuses in Saudi Arabia and the US. Headline value; delivery schedule and term not stated. |
| 2025-03-04 | Mistral AI | Fluidstack | Cloud contract · Mistral Campus AI (Bruyeres-le-Chatel) | 40 | 18,000 | - | Company stated | rep | silicon.co.uktechnologies.org | Fluidstack and Eclairion to build a cluster of 18,000-plus GPUs for Mistral at Eclairion's 40MW Bruyeres-le-Chatel site, first phase summer 2025. No value or term stated. |
| 2025-03-03 | SoftBank Corp. | OpenAI | Joint venture | - | - | - | Company stated | rep | softbank.jpw.media | 50:50 SB OpenAI Japan JV; SoftBank Group to spend $3B a year on OpenAI solutions (per year, not recorded). Sakai plant bought for about 100B yen for a data center that may host Stargate. |
| 2025-03 | OpenAI | CoreWeave | Cloud contract | - | - | 11.9 | Regulatory filing | rep | sec.govsec.gov | Master agreement Mar 2025: OpenAI committed up to $11.9bn through Oct 2030; CoreWeave issued OpenAI 8.75m IPO shares ($350m). A later May 2025 expansion is not sourced here. |
| 2025-02-09 | Aramco Digital | Groq | Other · GroqCloud Dammam Inference Cluster | - | 19,000 | 1.5 | Press report | rep | middleeastainews.comgroq.com | Dammam GroqCloud region reported live on 19,000 LPUs, backed by a $1.5B Saudi investment; partnership began as a Sept 2024 MoU. Investment figure, not a contract price. |
Most active buyers
| Buyer | Deals | Stated MW | Headline value ($bn) |
|---|---|---|---|
| OpenAI | 17 | 41233 | 826.4 |
| Anthropic | 11 | 10901 | 264.6 |
| Meta Platforms | 8 | 6000 | 87.4 |
| Microsoft | 7 | 630 | 48.5 |
| Fluidstack | 5 | 941 | 23.2 |
| HUMAIN | 4 | 1200 | 15.0 |
| CoreWeave | 4 | 1790 | 11.0 |
| Mistral AI | 3 | 1440 | - |
| xAI | 2 | 500 | 20.2 |
| NVIDIA | 2 | - | 11.3 |
| Amazon | 2 | 400 | 5.5 |
| DataVolt | 1 | - | 20.0 |
How to read these
Deal types differ. A cloud contract sells compute as a service, a datacenter lease rents powered space for the tenant's own hardware, a joint venture shares ownership of a campus, chip supply moves accelerators, and equity for compute ties ownership stakes to purchases. cloud contract, datacenter lease, joint venture, chip supply, equity for compute, other are all in the table, and a single campus often sits at the end of a chain of several of them.
Only announced deals with a source are recorded. Talks, letters of intent that were never followed by a contract, and rumours are left out, and cancellations or restructurings are noted on the row. Where a deal has a stated capacity but no value, or the reverse, the other column is blank.