Deals

Announced · AI server capacity reservation / backlog

$95B AI backlog; $60.9B AI server orders in fiscal Q2

Counterparty

AI server customers (6,500+ AI customers cited)

Where

Global (Round Rock, Texas HQ)

Amount

$95B

MW

—

GPUs

—

Earnings print, not a single bilateral lease: record $60.9B AI server orders in quarter ended July 31; $16.4B AI-optimized server revenue; exited with $95B AI backlog. Labeled as capacity reservation / server backlog, not MW or site power.

Source

Announced · Data center / power lease

~350 MW Texas campus; $35B cloud-computing commitment

Counterparty

Lambda (Nvidia-backed); Hut 8 developing campus; Nvidia reportedly holds lease

Where

Nueces County, Texas, US

Amount

$35B

MW

350

GPUs

—

Reuters (source) and WSJ first report: Anthropic signed a $35B cloud deal with Lambda for a Hut 8 Texas DC at about 350 MW; WSJ said Nvidia would hold the lease. Parties did not immediately comment.

Source

Under construction · Power-flexible AI factory / data center

Nearly 100 MW Vera Rubin power-flexible AI factory

Counterparty

Digital Realty; Nvidia; tested with EPRI, Dominion, PJM

Where

Manassas, Virginia, US

Amount

—

MW

100

GPUs

—

Company announcement via VentureBeat (Aug 25 round context; Closing Time Aug 28): Manassas project with Digital Realty and Nvidia, nearly 100 MW, slated later this year. Equity round ($150M Series A) is separate; this row is the site/power project.

Source

Announced · GPU lease (neocloud financing)

~$1B short-dated private debt to buy Nvidia GPUs Microsoft will lease

Counterparty

Lambda (Nvidia-backed); JPMorgan-arranged debt

Where

Undisclosed

Amount

$1B

MW

—

GPUs

—

Bloomberg / TechCrunch: Lambda raised about $1B short-dated private debt arranged by JPMorgan to buy Nvidia GPUs that Microsoft will lease; separate ~$926M term loan that week. GPU count not printed.

Source

Announced · GPU capacity expansion

2 million Nvidia GPUs across 2027–2028 (on top of 1M agreed March)

Counterparty

Nvidia

Where

AWS regions (undisclosed)

Amount

—

MW

—

GPUs

2,000,000

TechCrunch on Nvidia earnings call: AWS will add two million Nvidia GPUs across 2027 and 2028, atop one million agreed in March. Terms undisclosed.

Source

Announced · AI cloud compute rental

~460 MW; Nvidia Vera Rubin; ~6-year commitment; start ~end-2027

Counterparty

Nscale (UK neocloud)

Where

West Virginia, US

Amount

$45B

MW

460

GPUs

—

Bloomberg first, CNBC confirmed: ~$45B to rent capacity at Nscale’s flagship West Virginia development; ~460 MW; Vera Rubin hardware; people said six years and end-of-2027 start.

Source

Announced · GPU systems order / gigawatt compute plan

9,000 Nvidia Vera Rubin systems; $8B plan for ~1 GW compute

Counterparty

Nvidia (systems order); Greenko-backed

Where

Southern India

Amount

$8B

MW

—

GPUs

9,000

Bloomberg: Greenko-backed AM Intelligence placed a binding order for 9,000 Vera Rubin systems under an $8B plan to stand up a gigawatt of compute; servers slated next year in southern India.

Source

Announced · Power / site investment (Stargate campus)

Stargate campus power landlord stake; dollar size only described as billions

Counterparty

Lancium (Stargate power developer); OpenAI explored stake then walked

Where

Abilene, Texas, US

Amount

—

MW

—

GPUs

—

The Information: OpenAI explored investing in or acquiring Lancium (power developer behind Stargate in Abilene) last quarter before Nvidia put billions into the same firm. Exact check size beyond 'billions' not printed.

Source

Announced · Power-and-site developer partnership / minority stake

Site, power, cooling, compute decisions via Nvidia DSX; stake size undisclosed

Counterparty

Cloverleaf Infrastructure

Where

US (utilities ↔ data-center developers)

Amount

—

MW

—

GPUs

—

TechCrunch: Nvidia partners with Cloverleaf (2024 power-and-site developer that raised $300M that year) and takes a minority stake; size undisclosed (other reports: hundreds of millions). Extends Nvidia’s infrastructure bets after $1.5B SB Energy stake tied to OpenAI’s Ohio campus.

Source

Under construction · Multi-campus data center investment / lease campuses

Three campuses; planned investment raised to $18B (from $12B in Feb); MW not disclosed in Amazon release

Counterparty

STACK Infrastructure (developer/owner cited in coverage); SWEPCO (power)

Where

Caddo & Bossier Parishes / Shreveport, Louisiana, US

Amount

$18B

MW

—

GPUs

—

Amazon Aug 18, 2026 update of Feb $12B plan: third Shreveport campus brings NW Louisiana planned investment to $18B. No IT-load MW in Amazon’s own release.

Source

Under construction · Data center lease / AI factory campus (PORTS-Pike)

~8 GW-IT under 20-year lease; initial 4.25 IT-GW with Nvidia credit support; first ~800 MW targeted 2028

Counterparty

SB Energy (SoftBank-controlled); Nvidia (exclusive compute + credit support)

Where

Pike County, Ohio, US (PORTS-Pike / former Portsmouth site)

Amount

—

MW

—

GPUs

—

OpenAI Aug 17, 2026: ~8 GW-IT at PORTS-Pike; SB Energy builds/owns/operates under 20-year lease; Nvidia exclusive AI compute, $1.5B SB Energy investment, credit support on initial 4.25 IT-GW (SEC residual-value guarantee capped at $105B cited elsewhere — not campus lease rent). First 800 MW expected 2028. Later Daily/CNBC covered SB Energy S-1 dependency on OpenAI as tenant.

Source

Announced · Data center expansion / contracted IT power

360 MW contracted IT power across three facilities; expected online 2028

Counterparty

Indonesia facilities (own-and-operate; three sites)

Where

Indonesia (Asia-Pacific; first CoreWeave APAC DCs)

Amount

—

MW

360

GPUs

—

Reuters / CoreWeave Aug 4, 2026: three Indonesia facilities totaling 360 MW contracted IT power, own-and-operate, targeted 2028. Capex not disclosed in the Reuters brief.

Source

Announced · AI/HPC campus on former enrichment site + dedicated power

Up to ~1.8 GW utility / >1.2 GW compute stated; $100B investment figure in coalition release

Counterparty

NextEra Energy (dedicated generation); U.S. DOE Paducah Site

Where

McCracken County, Kentucky, US (Paducah American Energy Hub)

Amount

$100B

MW

1200

GPUs

—

Coalition Jul 29, 2026 via Axis: Brookfield+NextEra on DOE Paducah Site. DOE Aug 4 account differs on completion year (2031 vs 2032) and phrasing of capacity. $100B is stated investment, not a signed tenant offtake. PSC approval still required for power service agreement.

Source

Under construction · Data center JV / lease of entire campus

1 GW compute capacity campus; ~$14B development costs; Meta leases entire campus; online beginning ~2028

Counterparty

BlackRock-managed funds (80% venture interest); Meta 20%

Where

El Paso, Texas, US

Amount

$14B

MW

—

GPUs

—

Meta/BlackRock Jul 28, 2026: 80/20 venture; ~$14B development costs; 1 GW compute; Meta sole initial occupant via lease. RVG aggregate ~$13B cited in Meta release.

Source

Announced · Self-build AI data center campus + power contract (Project Camellia)

3.2 GW contracted power phased 2028–2032; county framed ~$20B minimum investment

Counterparty

Georgia Power (power offtake); self-develop campus

Where

Effingham County, Georgia, US (Savannah Gateway Industrial Hub)

Amount

$20B

MW

—

GPUs

—

OpenAI Jul 22, 2026: designing/developing Camellia; 3.2 GW from Georgia Power phased 2028–2032. $20B is the county/incentive framing (Bloomberg cited >$30B at full build — not used as amountUsd). Acres (~1,400) from local coverage of four-building campus. Power figure is contracted utility delivery, not disclosed critical IT load.

Source

Under construction · Data center lease (15-year phases; campus commercialization)

704 MW IT across two 352 MW leases; 1 GW utility campus; $19.6B base-term contract value

Counterparty

Hut 8 (Beacon Point campus)

Where

Nueces County, Texas, US (Beacon Point)

Amount

$19.6B

MW

704

GPUs

—

Hut 8 Jul 20, 2026: second 15-year $9.8B / 352 MW lease doubles same IG tenant to 704 MW IT; campus base-term $19.6B (renewals could reach ~$50.2B). FT later named Nvidia as tenant; Hut 8 release did not name the counterparty. Related but distinct from Anthropic’s later Lambda cloud offtake on the same campus.

Source

Announced · Data center lease (20-year NNN)

175 MW critical IT; ~$6.6B contracted revenue initial term (up to ~$11.6B with extensions); deliveries Q4 2027

Counterparty

CleanSpark (Sandersville campus)

Where

Sandersville, Georgia, US

Amount

$6.6B

MW

175

GPUs

—

CleanSpark Jul 14, 2026: tenant not named. LOI/exclusivity over CleanSpark Texas portfolio (up to 885 MW) noted but not counted as a separate closed lease.

Source

Under construction · Hyperscaler AI campus expansion (self-build / JV)

Expanded to 5 GW compute capacity; >$50B regional investment; ~2 GW targeted by 2030, full ~2032

Counterparty

Blue Owl / Beignet Investors JV; Entergy Louisiana (power)

Where

Richland Parish, Louisiana, US (Hyperion)

Amount

$50B

MW

—

GPUs

—

CNBC on Meta Jul 13, 2026: Hyperion raised from prior ~2 GW / $27B JV framing to 5 GW and >$50B. Meta did not separate critical IT load from site power in the announcement; amount is investment figure, not a bilateral lease rent.

Source

Under construction · AI-optimized data center campus (self-build)

1 GW AI-optimized campus; >CAD $13B investment (USD equivalent not converted here)

Counterparty

Self-build; Alberta grid partners (Greenlight LP, AltaLink, Capital Power, AESO cited)

Where

Sturgeon County, Alberta, Canada

Amount

—

MW

—

GPUs

—

Meta Jul 8, 2026: groundbreaking on 1GW AI-optimized DC in Sturgeon County, Alberta — first Canada site; >CAD $13B investment. amountUsd null (CAD not converted). IT vs gross capacity not separated.

Source

Announced · Data center lease (20-year)

~401 MW critical IT load; phased H2 2027 → full early 2028; ~$19B contracted lease revenue

Counterparty

TeraWulf (Raylan Data LLC)

Where

Hawesville / Hancock County, Kentucky, US (Justified Data campus)

Amount

$19B

MW

401

GPUs

—

TeraWulf Jul 6, 2026 press / 8-K: 20-year lease for ~401 MW critical IT; ~$19B contracted revenue over initial term; IG credit support expected. Separate Abernathy JV sale to Fluidstack-led group is not this row.

Source

Live · AI data center campus (Fairwater) — first facility live

First Fairwater facility fully operational; MW undisclosed; second facility targeted 2028; Microsoft cites ~$4.7B statewide WI hyperscale construction spend 2024–2028 (not used as deal amount)

Counterparty

Self-build (Village of Mount Pleasant / Racine County)

Where

Mount Pleasant, Wisconsin, US

Amount

—

MW

—

GPUs

—

Microsoft Jun 23, 2026: first Mount Pleasant Fairwater DC complete/operational after April startup. No IT-load MW in release. Dollar figure in coverage is statewide construction-spend estimate, so amountUsd is null. Acres (315) from campus plan coverage of original site.

Source

Under construction · Data center campus expansion

$1.5B investment across 2026–2027; site MW undisclosed (300 MW cited as contracted regional generation, not campus IT load)

Counterparty

Self-build expansion; TVA region power partners

Where

Jackson County, Alabama, US

Amount

$1.5B

MW

—

GPUs

—

Google Jun 15, 2026: $1.5B investment across 2026–2027 to expand Jackson County campus (former Widows Creek coal plant). Critical IT load not disclosed; >300 MW cited as contracted regional generation for TVA area, not campus IT load.

Source

Live · Cloud / GPU offtake (Colossus I & II)

~$1.25B/month through May 2029 (~$15B/yr); ~325,000 Nvidia GPUs cited in amended S-1 coverage

Counterparty

SpaceX (xAI Colossus campuses)

Where

Memphis, Tennessee, US (Colossus / Colossus II)

Amount

—

MW

—

GPUs

325,000

SpaceX S-1 (May 2026) disclosed Cloud Services Agreements with Anthropic for Colossus/Colossus II at $1.25B/month through May 2029; either party may terminate on 90 days’ notice after ramp. GPU count ~325k from amended S-1 coverage; MW not reliably stated as a single leased figure. amountUsd left null (term depends on duration/termination).

Source

Under construction · AI-optimized data center campus (self-build)

AI-optimized campus; >$1B regional investment; MW not stated in release

Counterparty

Self-build

Where

Tulsa, Oklahoma, US

Amount

$1B

MW

—

GPUs

—

Meta Apr 21, 2026 (page also shows Apr 20): first Oklahoma AI-optimized DC; >$1B regional investment. Campus MW not disclosed.

Source

Announced · Cloud compute offtake / capacity envelope

Up to 5 GW new capacity; >$100B AWS tech spend over 10 years; ~1 GW Trainium2+3 targeted by end-2026

Counterparty

Amazon Web Services (Trainium / Graviton)

Where

AWS regions (incl. Project Rainier / Indiana cited in secondary coverage; sites not fully enumerated in Anthropic release)

Amount

$100B

MW

—

GPUs

—

Anthropic Apr 20, 2026 primary: up to 5 GW and >$100B over ten years on AWS technologies (Trainium2–4, Graviton). Not a named single-site lease; Amazon equity ($5B + up to $20B more) is separate from the offtake spend figure used in amountUsd.

Source

Announced · AI cloud capacity offtake (multi-year)

~$21B expanded agreement through Dec 2032; Vera Rubin deployments; prior relationship brings combined ~$35B cited in coverage

Counterparty

CoreWeave

Where

Multiple CoreWeave locations (undisclosed)

Amount

$21B

MW

—

GPUs

—

CoreWeave Apr 9, 2026: expanded long-term Meta agreement ~$21B through Dec 2032 for dedicated AI cloud capacity across multiple sites, including early Vera Rubin. MW/GPU counts not in the company release.

Source

Announced · GPU capacity expansion / reservation

>1 million Nvidia GPUs starting 2026 (Blackwell/Rubin architectures cited)

Counterparty

Nvidia

Where

AWS regions (global)

Amount

—

MW

—

GPUs

1,000,000

AWS blog at Nvidia GTC 2026: deploy more than 1M Nvidia GPUs across AWS regions starting 2026. announced date set to mid-March GTC window (exact keynote day not pinned in the blog slug). Aug 2026 +2M expansion tracked separately as aws-nvidia-gpus-2027-2028.

Source

Under construction · AI / hyperscale data center campus (self-build)

Designed for 1 GW capacity; >$10B investment cited

Counterparty

Self-build

Where

Lebanon, Indiana, US (Boone County)

Amount

$10B

MW

—

GPUs

—

Meta Feb 11, 2026: groundbreaking on 1GW Lebanon, Indiana campus; investment over $10B. IT vs gross capacity not separated.

Source