Compute / the Ledger · 6 deals
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| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 19 Aug 2026 | ChronoScale and Microsoft sign a three-year partnership for about 50 MW of planned AI compute capacityAmendedChronoScale (Nasdaq: CHRN, about 97% owned by Applied Digital (voting power, 31 May 2026)) entered a two-year strategic partnership with Microsoft on 6 August 2026 to support the planned deployment of approximately 50 MW of AI compute capacity, first disclosed in ChronoScale's 10-K filed 19 August 2026. On 27 August 2026 ChronoScale announced the partnership by press release and stated the term had been extended from two years to three (8-K, items 7.01/8.01). ChronoScale's 10-K describes it as an ordinary-course GPU services agreement: ChronoScale procures, installs and delivers NVIDIA GB300 clusters at a dedicated facility on a fixed delivery schedule, with daily delay credits, tranche termination rights and refund of upfront payments if it fails to deliver. Projected completion in the first calendar quarter of 2027. No value, GPU count or canonical SKU stated (GB300 has no entry in skus.ts). Applied Digital's 10-Q (filed 2026-10-07) dates the extension 24 August 2026. |
| Capacity contract | undisclosed | 3 years50 MW | ChronoScale 8-K, filed 2026-08-27Regulatory filing |
| 18 Nov 2025 | Anthropic commits to $30B of Azure compute; Nvidia to invest up to $10B and Microsoft up to $5B in AnthropicSignedEquity: Nvidia up to $10B, Microsoft up to $5B (ceilings). No valuation disclosed. Accelerator as stated: NVIDIA Grace Blackwell / Vera Rubin. | Capacity contract | $30B$30B Azure purchase commitment; the up-to-1 GW of additional contracted capacity is on top of it. | 1,000 MW | Anthropic announcement, 2025-11-18Company press release | |
| 3 Nov 2025 | Microsoft contracts IREN for Nvidia GB300 capacity at Childress, Texas: ~$9.7B over a five-year average termSignedPartner Statement of Work with IREN subsidiary IE US Hardware 3; Horizon 1-4 facilities, ~200 MW IT load, tranches targeted for 2026. 20% of each tranche's value prepaid. IREN agreed the same day to buy ~$5.8B of GPUs and ancillary equipment from Dell for the contract. Financed in May 2026 (see iren-microsoft-contract-financing-2026-05). Accelerator as stated: NVIDIA GB300. | Capacity contract | $9.7B | 5 years · to 2 Nov 2030200 MWGB300 | IREN 8-K, 2025-11-03Regulatory filing | |
| 28 Oct 2025 | OpenAI recapitalizes; Microsoft's stake is ~27% (~$135B) and OpenAI contracts to buy an incremental $250B of Azure servicesAmendedMicrosoft's stake valued at ~$135B, ~27% on an as-converted diluted basis. Microsoft loses its right of first refusal as OpenAI's compute provider. | Capacity contract | $250B$250B incremental Azure purchase commitment; no term stated. | Microsoft blog, 2025-10-28Company press release | ||
| 15 Oct 2025 | Nscale contracts to supply Microsoft with about 200,000 Nvidia GB300 GPUs across Texas, Portugal, the UK and NorwaySignedTexas ~104,000 GPUs (~240 MW, from Q3 2026); Sines, Portugal ~12,600 (from Q1 2026); Loughton, UK ~23,000 (from Q1 2027); Narvik, Norway ~52,000 via the Aker-Nscale JV. The site figures add to about 191,600 GPUs, against the 200,000 headline. Accelerator as stated: NVIDIA GB300. | Capacity contract | undisclosedNo dollar value disclosed; multi-year. | 200,000 × GB300 | Nscale press release, 2025-10-15Company press release | |
| 8 Sept 2025 | Microsoft contracts Nebius for dedicated GPU capacity at Vineland, New Jersey: ~$17.4B through 2031, up to ~$19.4BSignedFive-year term, GPU services deployed in tranches during 2025 and 2026. Microsoft may terminate a tranche if delivery dates are missed after a grace period and no alternative capacity is provided. Obligations commence once Nebius confirms it has secured the financing for the capex. | Capacity contract | $17.4B~$17.4B total contract value through 2031; up to ~$19.4B if Microsoft acquires additional services/capacity. | 5 years | Nebius 6-K, 2025-09-08Regulatory filing |
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