Compute / the Ledger · 6 deals
Who is paying whom for compute.
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Deals with amazon as a party. Show every company
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 20 Apr 2026 | Anthropic commits more than $100B over ten years to AWS for up to 5 GW; Amazon invests $5B now and up to $20B moreSignedNearly 1 GW of Trainium2/Trainium3 online by end-2026. Builds on $8B Amazon invested earlier ($4B announced 2023-09-25, $4B on 2024-11-22). Accelerator as stated: AWS Trainium2-4. |
| Capacity contract | $100B'More than $100 billion' over ten years (a floor). Equity: $5B now plus up to $20B on milestones. | 10 years5,000 MW | Anthropic announcement, 2026-04-20Company press release |
| 27 Feb 2026 | OpenAI expands its AWS agreement by $100B over eight years, including ~2 GW of Trainium capacityAmendedExpands the November 2025 $38B agreement (see openai-aws-capacity-2025-11). AWS becomes exclusive third-party cloud distributor for OpenAI Frontier. Accelerator as stated: AWS Trainium. |
| Capacity contract | $100B | 8 years2,000 MW | Amazon 8-K Ex. 99.1, 2026-02-27Regulatory filing |
| 27 Feb 2026 | Amazon agrees to invest $50B in OpenAI: $15B in the current round plus a $35B commitment tied to milestones or an IPOSignedSigned alongside the expanded AWS agreement (see openai-aws-expansion-2026-02). | Equity stake | $50B$15.0B of Series C preferred due 2026-03-31, plus a $35.0B equity commitment letter that lapses if not invested by 2028-12-31. | Amazon 8-K, 2026-02-27Regulatory filing | ||
| 3 Nov 2025 | OpenAI signs a $38B, seven-year agreement for AWS capacity on Nvidia GB200 and GB300 GPUsSignedHundreds of thousands of GPUs in EC2 UltraServers; all capacity targeted before end-2026. Expanded by $100B on 2026-02-27 (see openai-aws-expansion-2026-02). Accelerator as stated: NVIDIA GB200 / GB300. |
| Capacity contract | $38B | 7 years | Amazon announcement, 2025-11-03Company press release |
| 3 Nov 2025 | AWS signs a ~$5.5B, 15-year lease for 300 MW at a Cipher siteSignedDelivered in two phases from July 2026 to Q4 2026, rent from August 2026. Cipher's first direct hyperscaler lease. |
| Site lease | $5.5B | 15 years300 MW | Cipher Mining 8-K Ex. 99.1, 2025-11-03Regulatory filing |
| 11 Jun 2025 | Talen Energy and Amazon sign a PPA for 1,920 MW of Susquehanna nuclear power through 2042SignedRamps to full volume by 2032 at the latest; moves from co-located to front-of-the-meter after transmission work. Follows Talen's March 2024 sale of its Cumulus data center campus to AWS ($650M). |
| Power deal | $18B~$18B is Talen's figure for nominal cash flows over the 17-year PPA at minimum ramp (investor update 2025-09-09); the release itself states no value. | 1,920 MW | Talen Energy 8-K Ex. 99.1, 2025-06-11Regulatory filing |
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