Compute market / 3 dealsThe compute board
Who is paying whom for compute.
Capacity contracts, loans against chips, backstops, stakes, leases, chip supply, power and acquisitions. Every row is dated, says what kind of document it comes from, and links to it.
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 6 Apr 2026 | Anthropic to access ~3.5 GW of next-generation TPU capacity through Broadcom from 2027; Broadcom signs long-term TPU supply with GoogleSignedBroadcom-Google Long Term Agreement for custom TPUs and a Supply Assurance Agreement through up to 2031. Broadcom notes consumption depends on Anthropic's continued commercial success, and that the parties are in discussions with operational and financial partners. Accelerator as stated: Google TPU (next generation). | Chip supply | undisclosedNo dollar value disclosed. | 3,500 MW | Broadcom 8-K, 2026-04-06Regulatory filing | |
| 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 |
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- Every row is a deal read in its source, and links to that source.
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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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