Compute / the Ledger · 5 deals
Who is paying whom for compute.
Every deal dated, typed in plain words, and linked to the document it comes from.
The LedgerRead against its source
Deals with AMD as a party. AMD’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 28 Jul 2026 | AMD leases 377 MW from Core Scientific for 15 years and backs 152 MW of neocloud leases, with rights to ~1.9 GW moreSignedAMD leases at Pecos TX, Muskogee OK and Hunt County TX; an unnamed neocloud leases 152 MW at Auburn AL and Dalton GA with AMD credit support (AMD may cure defaults). AMD holds a reservation right on 1,925 MW more through 2028-12-28 (up to 2.5 GW total) and receives market-priced Core Scientific warrants. Three five-year options. Accelerator as stated: AMD Instinct. | Site lease | undisclosedCore Scientific: more than $14B of potential base contracted revenue across ~530 MW at five sites. | 15 years · to 27 Jul 2041529 MW | Core Scientific 8-K, 2026-07-28Regulatory filing | |
| 22 Jul 2026 | Anthropic to deploy up to 2 GW of AMD MI450-series GPUs in Helios racks; AMD commits up to $5B equity in AnthropicAnnouncedFirst gigawatt from H1 2027. Builds on Anthropic's existing MI355X use. Accelerator as stated: AMD Instinct MI450 series. | Chip supply | undisclosedNo purchase value disclosed; AMD equity investment up to $5B (a ceiling). | 2,000 MWMI450 | AMD press release, 2026-07-22Company press release | |
| 24 Feb 2026 | 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 sharesSignedAmendment 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. | Chip supply | undisclosedNo dollar value in the filing. Binding commitment covers the first 1 GW equivalent; warrant vests up to 6 GW. | 6,000 MW | AMD 8-K, 2026-02-24Regulatory filing | |
| 6 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 sharesSignedWarrant at $0.01 per share, vesting on purchase milestones and AMD share-price targets escalating to $600 for the final tranche; exercisable until 2030-10-05. Accelerator as stated: AMD Instinct MI450. | Chip supply | undisclosedNo dollar value in the filing. Binding commitment covers the first 1 GW; warrant vests in tranches up to 6 GW of purchases. | 6,000 MWMI450 | AMD 8-K, 2025-10-06Regulatory filing | |
| 19 Aug 2024 | AMD agrees to acquire hyperscale server builder ZT Systems for $4.9B in cash and stock; deal closes March 31, 2025CompletedAt closing AMD issued 8,335,849 shares and paid $3.375B in cash, with up to 740,961 more shares and $300M cash contingent (AMD 8-K, 2025-03-31). AMD sold ZT's manufacturing business to Sanmina, closed 2025-10-27, for $2.4B cash and 1,151,052 Sanmina shares, plus up to $450M contingent (AMD 8-K, 2025-10-27). |
| Acquisition | $4.9B$4.9B including a contingent payment of up to $400M. | AMD press release, 2024-08-19Company press release |
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- The end date is the start plus the term, worked out here — it is not a reported figure.
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