Compute · the Ledger · Chip supply
Meta commits to buy the first 1 GW of AMD Instinct GPUs (up to 6 GW); AMD issues Meta a warrant for up to 160M shares
Signed · announced 24 Feb 2026 · the week to 27 Feb 2026
- Size
- undisclosed
- Power
- 6 GW
No dollar value in the filing. Binding commitment covers the first 1 GW equivalent; warrant vests up to 6 GW.
The parties
- AMDcompany pageSupplier
- Metacompany pageBuyer
The source
AMD 8-K, 2026-02-24Regulatory filing
Amendment to the May 23, 2023 Master Purchase Agreement. Warrant at $0.01, share-price thresholds escalating to $600; exercisable until 2031-02-23. Accelerator as stated: AMD Instinct.
The same parties, other deals
- AMD leases 377 MW from Core Scientific for 15 years and backs 152 MW of neocloud leases, with rights to ~1.9 GW moreundisclosed · 28 Jul 2026
- Anthropic to deploy up to 2 GW of AMD MI450-series GPUs in Helios racks; AMD commits up to $5B equity in Anthropicundisclosed · 22 Jul 2026
- Meta signs a new CoreWeave order form; Meta's initial commitment is ~$21B through December 20, 2032$21B · 9 Apr 2026
- Meta signs a five-year Nebius agreement: $12B of dedicated Vera Rubin capacity plus up to $15B of unsold-capacity purchases$12B · 16 Mar 2026
- Meta and Blue Owl form an 80/20 JV for the Hyperion campus in Louisiana; Meta leases it from 2029 with a residual value guarantee$12.3B · 21 Oct 2025
- OpenAI agrees to buy AMD Instinct GPUs (binding first 1 GW of MI450, up to 6 GW); AMD issues OpenAI a warrant for up to 160M sharesundisclosed · 6 Oct 2025