Power and compute, the week to 16 Oct
Also added to the Ledger · 41 announced earlier
- 7 Oct 2026Applied Digital signs a 15-year power purchase agreement with Base Electron for a planned 1,200 MW gas plant in Center, North Dakota
- 5 Oct 2026TeraWulf and Kentucky Power amend the Muskie Data Campus power agreements, raising contracted capacity from 500 MW to 1 GW
- 1 Oct 2026Nebius acquires Inferize, an inference start-up, for its Token Factory platform; terms not disclosed
- 1 Oct 2026Lambda closes a $1.008B fixed-rate delayed draw term loan at 6.78%, secured by GPU servers and contracted cash flows
- 28 Sept 2026Hut 8 enters a senior secured revolving credit facility of up to $1.07B with JPMorgan Chase as agent
- 18 Sept 2026Nscale agrees to acquire Anyscale for $1.65B, settled in Nscale equity
- 18 Sept 2026NVIDIA agrees to buy $1.0B of Nscale convertible notes or non-voting shares within a $3.1B minimum subscription
- 18 Sept 2026Macquarie lends Nscale $105M to buy GPU cluster equipment for its Glomfjord, Norway data center
- 18 Sept 2026Nscale Services UK enters a $1.4B senior secured delayed-draw term loan to finance GPUs, at Term SOFR plus 5.00%
- 18 Sept 2026Dell Financial Services leases computing equipment to Nscale under 40 schedules totalling about $2.54B of initial-term rent
- 18 Sept 2026Nscale enters a revolving credit facility with JPMorgan Chase as agent, upsized from $770M to $900M
- 18 Sept 2026ABN AMRO, DNB and Nordea lend Nscale's Norway subsidiary $790M for data center construction at Kvandal South
- 18 Sept 2026Macquarie lends Nscale's Iceland subsidiary $331.9M to buy GPUs, at Term SOFR plus 5.50%
- 18 Sept 2026Nscale's North Carolina borrower enters a $1.2B delayed-draw term loan to finance GPUs, arranged by Goldman Sachs and JPMorgan
- 18 Sept 2026Nscale's Ward County, Texas borrower enters a $1.85B delayed-draw term loan to finance GPUs, arranged by JPMorgan and Goldman Sachs
- 18 Sept 2026Nscale signs a multi-year GPU services agreement with Figure AI and takes a strategic stake in Figure
- 18 Sept 2026Nscale agrees to provide Anthropic dedicated GPU infrastructure at its Monarch Compute Campus for up to about $44.6B
- 17 Sept 2026Crusoe holds the initial closing of an anticipated $3.9B Series F at a $30.9B post-money valuation
- 15 Sept 2026Perplexity signs a multi-year agreement to train and serve its models on Crusoe Cloud GB300 NVL72 clusters
- 27 Aug 2026Lambda closes a $926M senior secured term loan B at SOFR + 3.00%, secured by GPU servers for one investment-grade offtaker
- 19 Aug 2026ChronoScale and Microsoft sign a three-year partnership for about 50 MW of planned AI compute capacity
- 4 Aug 2026Bitdeer leases 121 IT MW at its Tydal, Norway campus to a Volta subsidiary for 16 years, about $4.7B in contracted revenue
- 22 Jul 2026Anthropic to deploy up to 2 GW of AMD MI450-series GPUs in Helios racks; AMD commits up to $5B equity in Anthropic
- 25 Jun 2026USD.AI provides NexGen Cloud a $34M three-year debt facility secured by B200 GPUs in Sweden and their contracted cash flows
- 8 Jun 2026Applied Digital leases all 210 MW of its Delta Forge 2 campus to an unnamed hyperscaler for about 15 years, about $5.2B
- 5 Jun 2026Google contracts SpaceX compute capacity, about 110,000 NVIDIA GPUs, $920M a month from October 2026 through June 2029
- 3 Jun 2026Anthropic contracts SpaceX compute capacity across Colossus and Colossus II, about 325,000 NVIDIA GPUs, $1.25B a month through May 2029
- 20 May 2026Applied Digital leases 300 MW at its Polaris Forge 3 campus to an unnamed hyperscaler for about 15 years, about $7.5B
- 23 Apr 2026Applied Digital leases 300 MW at its Delta Forge 1 campus in Louisiana to an unnamed hyperscaler for about 15 years, about $7.5B
- 20 Apr 2026Anthropic commits more than $100B over ten years to AWS for up to 5 GW; Amazon invests $5B now and up to $20B more
- 18 Nov 2025Anthropic commits to $30B of Azure compute; Nvidia to invest up to $10B and Microsoft up to $5B in Anthropic
- 12 Nov 2025Anthropic announces a $50B investment in US data centers built with Fluidstack in Texas and New York
- 3 Nov 2025OpenAI signs a $38B, seven-year agreement for AWS capacity on Nvidia GB200 and GB300 GPUs
- 28 Oct 2025OpenAI recapitalizes; Microsoft's stake is ~27% (~$135B) and OpenAI contracts to buy an incremental $250B of Azure services
- 23 Oct 2025Anthropic expands its Google Cloud TPU use to up to one million TPUs, over a gigawatt online in 2026
- 15 Oct 2025Nscale contracts to supply Microsoft with about 200,000 Nvidia GB300 GPUs across Texas, Portugal, the UK and Norway
- 21 May 2025Crusoe, Blue Owl and Primary Digital form a $15B joint venture to fund the 1.2 GW Abilene, Texas AI campus
- 14 May 2025OpenAI expands CoreWeave capacity agreement by up to $4B under a new MSA dated May 8, 2025
- 19 Aug 2024AMD agrees to acquire hyperscale server builder ZT Systems for $4.9B in cash and stock; deal closes March 31, 2025
- 3 Jun 2024Core Scientific signs 12-year contracts to host ~200 MW of CoreWeave HPC infrastructure
- 3 Aug 2023CoreWeave closes $2.3B delayed draw term loan (DDTL 1.0) led by Magnetar and Blackstone, secured by GPU infrastructure
Capacity
Weeks run Saturday → FridayThe Friday Count · week to 16 Oct 2026
- Next due110,000 NVIDIA GPUs · SpaceXdue 30 Sept 2026 (“by September 30, 2026”) · grace to 31 Oct 20265 Jun 2026The statement
- FiledSwitched on: 0 statementsDelivered, not switched on: 0 statementsweek to 16 Oct 2026—
- EpochNot measured yet · first reading: the first Epoch AI snapshot——
- ERCOTDrawing 4,316 MW of 9,456 MW approved to energizeAugust 2026 · last read 16 Sept · observed peak, crypto load included · gas plants waiting to connect: 81.0 GW (September 2026), generation, not load1 Oct 2026ERCOT
- Generation11.4% of the gas due arrived on timeof 1,508 MW due · median slip 1 month · EIA-860M, August 2026 edition24 Sept 2026EIA-860M
No survey exists. This is a count of statements with sources, not of silicon.
Next in the Count
- ERCOT GIS report, 1st–4th
- Census C30, ~1st business day
- BLS PPI, mid-month
- ERCOT operational overview, mid-month
- EIA-860M, ~24th
The book this week
Track record 12 open calls · no trades
- 000660.KSSK Hynix: the largest HBM rent, valued like a Korean cyclical−24%since the call −43%against the call
- MUMicron: priced like a cyclical at the top, contracted like a utility−15%since the call −6.1%against the call
- AVGOBroadcom: the right custom-silicon thesis at the wrong price−9.1%since the call −16%
- TSMTSMC: own the bottleneck, not the brand−9.0%since the call −3.6%against the call
- NVDANVIDIA: paying a market multiple for a franchise financing its own demand−6.6%since the call +2.9%with the call
+ 7 thematic calls, graded on their falsifier, not a price
Logged this week
Nothing logged on a call this week.
Trades
No trades this week.
Watching
- 20 Oct · CFTC comment closes