{
 "asof": "2026-10-07",
 "tiers": [
  {
   "k": "S",
   "lo": 1000,
   "hi": null
  },
  {
   "k": "A",
   "lo": 300,
   "hi": 1000
  },
  {
   "k": "B",
   "lo": 100,
   "hi": 300
  },
  {
   "k": "C",
   "lo": 30,
   "hi": 100
  },
  {
   "k": "D",
   "lo": 10,
   "hi": 30
  }
 ],
 "price": {
  "2023": 12,
  "2024": 12,
  "2025": 12,
  "2026": 16
 },
 "sellers": [
  {
   "id": "coreweave",
   "name": "CoreWeave",
   "short": "CoreWeave",
   "group": "neocloud",
   "hq": "Livingston, New Jersey",
   "listing": "Nasdaq: CRWV",
   "stats": {
    "op": 1500,
    "op_note": "active power, Jun 30 2026",
    "con": 4200,
    "con_note": "contracted power, Aug 11 2026",
    "backlog": 104.2,
    "backlog_note": "revenue backlog, Jun 30 2026"
   },
   "blurb": "Its top three customers, which it does not name, were 36%, 26% and 10% of second-quarter revenue; Microsoft alone was 67% of 2025 revenue. It discloses dollar commitments for a few customers and megawatts for none.",
   "sized": 1155,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000362/coreweave2q26earningspress.htm",
     "p": "CoreWeave",
     "d": "Aug 11, 2026",
     "q": "Expanded active power by nearly 500 MWs to reach 1.5 GW"
    },
    {
     "u": "https://s205.q4cdn.com/133937190/files/doc_financials/2026/q2/CRWV-US-CORRECTED-TRANSCRIPT-CoreWeave-Q2-2026-Earnings-Call-11August2026.pdf",
     "p": "CoreWeave Q2 2026 earnings call (FactSet corrected transcrip",
     "d": "Aug 11, 2026",
     "q": "Contracted power grew to 3.7 gigawatts in Q2. Since quarter end, we have added roughly 500 megawatts, bringing contracted power to 4.2 gigawatts as of today."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000429/crwv2026convertpresentat.htm",
     "p": "CoreWeave",
     "d": "Sep 17, 2026",
     "q": "Revenue Backlog¹ $ 104.2B +246% YoY Does not include more than $25 billion of net new customer commitments added in early Q3"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm",
     "p": "CoreWeave",
     "d": "Aug 12, 2026",
     "q": "We recognized an aggregate of approximately 36%, 26%, and 10% of our revenue from our top three customers for the three months ended June 30, 2026, with no other customer representing 10% or more of our revenue"
    }
   ]
  },
  {
   "id": "crusoe",
   "name": "Crusoe",
   "short": "Crusoe",
   "group": "neocloud",
   "hq": "Denver, Colorado",
   "listing": "private",
   "stats": {
    "op": 1000,
    "op_note": "gross capacity operational, Sep 17 2026",
    "con": 6000,
    "con_note": "gross contracted, Sep 17 2026",
    "backlog": 140,
    "backlog_note": "total contracted value, company figure"
   },
   "blurb": "Mostly a builder of campuses that hyperscalers lease and fill with their own chips; its own GPU cloud is the smaller business. Megawatts here are gross campus power unless marked.",
   "sized": 4662,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-announces-series-f-funding",
     "p": "Crusoe",
     "d": "Sep 17, 2026",
     "q": "6GW+ of gross contracted capacity across data centers and cloud, including 1 GW of gross capacity delivered and operational today. … With over $140 billion in total contracted value (TCV) across its vertically-integrated platform, the additional capital will help Crusoe scale its existing programs"
    }
   ]
  },
  {
   "id": "nscale",
   "name": "Nscale",
   "short": "Nscale",
   "group": "neocloud",
   "hq": "London, UK",
   "listing": "private; filed to list on NYSE (S-1, Sep 18 2026)",
   "stats": {
    "op": 81,
    "op_note": "sum of the five sites the S-1 lists as active, Aug 31 2026",
    "con": 1370,
    "con_note": "active and contracted IT load, Aug 31 2026",
    "backlog": 103.4,
    "backlog_note": "active and contracted contract value, Aug 31 2026"
   },
   "blurb": "Two buyers are 85% of its $103B of contracts. First-half 2026 revenue was $141M, so almost none of it is delivered yet, and the Anthropic contract can be cancelled if Nscale fails to raise the financing.",
   "sized": 1260,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-20260918.htm",
     "p": "Nscale, Form S-1",
     "d": "Sep 18, 2026",
     "q": "approximately 1.37 GW of active and contracted capacity (representing 1 GW at owned sites, 200 MW at leased sites and 165 MW at colocation sites) … we had approximately $2.6 billion of active and $103.4 billion of active and contracted TCV under long-term take-or-pay contracts with customers"
    }
   ]
  },
  {
   "id": "nebius",
   "name": "Nebius",
   "short": "Nebius",
   "group": "neocloud",
   "hq": "Amsterdam, Netherlands",
   "listing": "Nasdaq: NBIS",
   "stats": {
    "op": 170,
    "op_note": "active power, Dec 31 2025 (latest disclosed)",
    "con": 3500,
    "con_note": "contracted power, May 13 2026",
    "backlog": 37.5,
    "backlog_note": "remaining performance obligations, Jun 30 2026"
   },
   "blurb": "Two hyperscaler contracts dominate the backlog. Nebius gives no megawatts per contract, but says its mid-2026 deals with smaller buyers were priced at $20–25M per megawatt-year.",
   "sized": 550,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/nbis-20251231x20f.htm",
     "p": "Nebius, Form 20-F for FY2025",
     "d": "Apr 30, 2026",
     "q": "As of December 31, 2025, we had approximately 170 MW of active power capacity across the globe and are rapidly expanding our footprint."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926059872/tm2614392d1_ex99-2.htm",
     "p": "Nebius, Q1 2026 letter to shareholders",
     "d": "May 13, 2026",
     "q": "Our contracted capacity now exceeds 3.5 GW, with owned capacity representing more than 75% of the total."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm",
     "p": "Nebius, interim financial statements for Q2 2026",
     "d": "Aug 12, 2026",
     "q": "As of June 30, 2026, the amount of unsatisfied RPO was $37,490.6, of which 36% is expected to be recognized as revenue during the 24 months ending June 30, 2028"
    }
   ]
  },
  {
   "id": "fluidstack",
   "name": "Fluidstack",
   "short": "Fluidstack",
   "group": "neocloud",
   "hq": "New York (moved from London, Dec 2025)",
   "listing": "private",
   "stats": {
    "op": 42,
    "op_note": "delivered by landlords so far, Aug 2026",
    "con": 1428,
    "con_note": "critical IT at five US sites: three leased, two held by joint ventures"
   },
   "blurb": "Builds and runs data centers for Anthropic. It leases three US sites from former miners, with Google backstopping part of the rent, and part-owns two more through joint ventures; a sixth, its own, started construction in Texas in September 2026.",
   "sized": 1040,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/a_wulfearningsreleaseq22026.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "completed delivery of CB-3 in early July, increasing revenue-generating capacity to 102 MW"
    },
    {
     "u": "https://fluidstack.io/community/building-compute-in-cameron-county",
     "p": "Fluidstack",
     "d": "Sep 21, 2026",
     "q": "We’ve begun construction on the $4 billion first phase of our AI data center campus in Cameron County, Texas. This is planned to support up to 1.5 GW of capacity."
    }
   ]
  },
  {
   "id": "lambda",
   "name": "Lambda",
   "short": "Lambda",
   "group": "neocloud",
   "hq": "San Francisco",
   "listing": "private; IPO planned",
   "stats": {
    "con_note": "no megawatts disclosed; targets 3 GW by 2030",
    "backlog": 50,
    "backlog_note": "backlog in September, press report"
   },
   "blurb": "Leases space in 15 US data centers; in September 2026 it said it would build its first own site, in Oklahoma. Its backlog reportedly jumped from $15B to $50B in one quarter, almost all of it one contract.",
   "sized": 404,
   "src": [
    {
     "u": "https://lambda.ai/blog/lambda-assembles-leadership-team-to-power-gigawatt-scale-ai-infrastructure",
     "p": "Lambda",
     "d": "May 5, 2026",
     "q": "Together, this leadership team is built to reach 3GW of AI compute under management by 2030."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/lambda-seeks-4bn-funding-round-ahead-of-planned-ipo-report/",
     "p": "DatacenterDynamics",
     "d": "Oct 7, 2026",
     "q": "That letter further noted that Lambda's backlog sat at $50bn in September, up from $15bn in June."
    },
    {
     "u": "https://lambda.ai/blog/new-lambda-data-center-in-oklahoma",
     "p": "Lambda",
     "d": "Sep 27, 2026",
     "q": "Lambda to build new data center in Mayes County, Oklahoma, generating half a billion dollars in tax revenue over next decade"
    }
   ]
  },
  {
   "id": "iren",
   "name": "IREN",
   "short": "IREN",
   "group": "neocloud",
   "hq": "Sydney, Australia",
   "listing": "Nasdaq: IREN",
   "stats": {
    "op": 90,
    "op_note": "about 40 MW of cloud capacity at Jun 30 2026 plus 50 MW delivered to Microsoft in August",
    "con_note": "about 5 GW of grid connections secured",
    "backlog": 16.6,
    "backlog_note": "remaining obligations and contracted leases, Jun 30 2026"
   },
   "blurb": "A bitcoin miner that now owns the GPUs it rents out. Microsoft and Nvidia are \"a substantial majority\" of contracted revenue. It says recent three-year contracts bring in more than $20M per megawatt a year.",
   "sized": 260,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126032638/ef20080141_ex99-1.htm",
     "p": "IREN Limited",
     "d": "Aug 13, 2026",
     "q": "Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments scheduled for delivery to Microsoft at IREN’s Childress, Texas campus in 2026 under a five-year, $9.7bn cloud services contract announced in November 2025."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm",
     "p": "IREN Form 10-K (FY ended June 30, 2026)",
     "d": "Aug 27, 2026",
     "q": "unsatisfied remaining performance obligations under ASC 606 and the aggregate contracted value of lease arrangements under ASC 842 totaled approximately $16.6 billion"
    }
   ]
  },
  {
   "id": "firmus",
   "name": "Firmus",
   "short": "Firmus",
   "group": "neocloud",
   "hq": "Sydney, Australia",
   "listing": "private; listing on ASX in October 2026",
   "stats": {
    "op": 46,
    "op_note": "operating, Singapore and Melbourne",
    "con": 900,
    "con_note": "customer-contracted, Sep 8 2026"
   },
   "blurb": "Asia-Pacific builder backed by Nvidia. Its 1.6 GW Australian rollout with CDC ended at 42 MW; the end was disclosed days before the IPO.",
   "sized": 800,
   "src": [
    {
     "u": "https://firmus.co/newsroom/firmus-surpasses-900-mw-contracted-capacity-adds-openai-as-anchor-customer-and-expands-into-malaysia",
     "p": "Firmus",
     "d": "Sep 8, 2026",
     "q": "a multi-year strategic partnership under which OpenAI will contract dedicated AI compute capacity from two Firmus AI Factory sites in Malaysia. … With the addition of this partnership, Firmus’ total contracted capacity across all customers now stands at more than 900 MW."
    },
    {
     "u": "https://www.startupdaily.net/topic/asx/cdc-kills-off-its-73-3-billion-data-cente-rollout-deal-with-firmus/",
     "p": "Startup Daily",
     "d": "Oct 6, 2026",
     "q": "The Project Southgate partnership has delivered 42 megawatts in Melbourne, used by Meta"
    }
   ]
  },
  {
   "id": "sharon",
   "name": "Sharon AI",
   "short": "Sharon AI",
   "group": "neocloud",
   "hq": "Australia",
   "listing": "Nasdaq: SHAZ",
   "stats": {
    "con": 120,
    "con_note": "contracted to customers, of 212 MW secured, Aug 20 2026",
    "backlog": 8.8,
    "backlog_note": "total contract value, Oct 1 2026"
   },
   "blurb": "Five take-or-pay contracts make up $8.8B; the fifth, $373M from an unnamed AI platform, is under 10 MW. The sizes here plus that one come to about 118 MW, against the company's own count of 120 MW contracted.",
   "sized": 114,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226039364/ex99-1.htm",
     "p": "Sharon AI",
     "d": "Aug 20, 2026",
     "q": "AI has secured 212MW of AI Factory capacity, of which 120MW is contracted under multi-year take-or-pay agreements."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226036254/ex99-1.htm",
     "p": "Sharon AI",
     "d": "Aug 6, 2026",
     "q": "$4.9bn, six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs"
    }
   ]
  },
  {
   "id": "rum",
   "name": "RUM Group (Northern Data)",
   "short": "RUM",
   "group": "neocloud",
   "hq": "Florida; data centers in Georgia and Europe",
   "listing": "Nasdaq: RUM",
   "stats": {
    "con_note": "about 22,000 GPUs; roughly 250 MW of energized and planned power across ten data centers"
   },
   "blurb": "Rumble bought Northern Data in June 2026. One contract, reported to be Anthropic's, is fifty times its next largest.",
   "sized": 95,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1830081/000121390026092801/ea0303131-8k_rumgroup.htm",
     "p": "RUM Group",
     "d": "Aug 24, 2026",
     "q": "the Customer has agreed to purchase GPU services at the Company’s Maysville, GA site in three tranches representing a total order value of approximately $13.7 billion spread evenly across the three tranches"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1830081/000121390026065051/ea0293603-8k_rumble.htm",
     "p": "Rumble",
     "d": "Jun 4, 2026",
     "q": "entered into a multi-year, $270 million agreement with a third party cloud customer, representing Rumble’s largest customer commitment to date"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1830081/000121390026069733/ea029508101ex99-1.htm",
     "p": "Rumble press release",
     "d": "Jun 17, 2026",
     "q": "With Northern Data, Rumble now has roughly 250 MW of current energized and planned power, almost all of which is expected to come online by 2027 across ten data centers, four of which are owned."
    }
   ]
  },
  {
   "id": "volta",
   "name": "Volta",
   "short": "Volta",
   "group": "neocloud",
   "hq": "Palo Alto and London",
   "listing": "private",
   "stats": {
    "con": 121,
    "con_note": "critical IT leased at Tydal, Norway; nothing energized yet"
   },
   "blurb": "Launched in August 2026 with one customer and one site, leased from Bitdeer.",
   "sized": 121,
   "src": [
    {
     "u": "https://finance.yahoo.com/technology/ai/articles/ai-cloud-startup-volta-valued-143851167.html",
     "p": "Reuters",
     "d": "Aug 4, 2026",
     "q": "landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies"
    }
   ]
  },
  {
   "id": "akamai",
   "name": "Akamai",
   "short": "Akamai",
   "group": "neocloud",
   "hq": "Cambridge, Massachusetts",
   "listing": "Nasdaq: AKAM",
   "stats": {
    "con_note": "no megawatts disclosed; the capacity is CPU, not GPU"
   },
   "blurb": "A content-delivery company, not a GPU cloud. It is here because Anthropic's commitment is larger than most neocloud contracts.",
   "sized": 0,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1086222/000119312526401048/d288154d8k.htm",
     "p": "Akamai",
     "d": "Sep 24, 2026",
     "q": "Anthropic has committed to pay the Company approximately $11.6 billion in the aggregate under the Project Plans. Each Project Plan has an initial seven-year term commencing on their respective service start dates."
    }
   ]
  },
  {
   "id": "chronoscale",
   "name": "ChronoScale",
   "short": "ChronoScale",
   "group": "neocloud",
   "hq": "Menlo Park, California",
   "listing": "Nasdaq: CHRN (96% owned by Applied Digital)",
   "stats": {
    "op": 14,
    "op_note": "rented colocation capacity, May 31 2026"
   },
   "blurb": "Applied Digital's former cloud unit. Together AI was all of its revenue last year; the Microsoft deployment depends on financing.",
   "sized": 64,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1549084/000162828026058018/chrn-20260531.htm",
     "p": "ChronoScale Form 10-K (FY ended May 31, 2026)",
     "d": "Aug 19, 2026",
     "q": "On August 6, 2026, we entered into a two-year strategic partnership with Microsoft to support the planned deployment of approximately 50 megawatts of AI compute capacity."
    }
   ]
  },
  {
   "id": "yotta",
   "name": "Yotta",
   "short": "Yotta",
   "group": "neocloud",
   "hq": "Mumbai, India",
   "listing": "private; IPO planned",
   "stats": {
    "con": 60,
    "con_note": "data center housing its 20,736-GPU cluster"
   },
   "blurb": "India's largest GPU cloud. Nvidia takes about half of its newest cluster.",
   "sized": 16,
   "src": [
    {
     "u": "https://yotta.com/press-releases/yotta-to-deploy-20000-nvidia-blackwell-ultra-gpus/",
     "p": "Yotta Data Services",
     "d": "Feb 18, 2026",
     "q": "Signs a four-year, over $1 Bn engagement with NVIDIA to establish one of APAC's largest DGX Cloud Clusters in Yotta's supercluster"
    }
   ]
  },
  {
   "id": "axe",
   "name": "Axe Compute",
   "short": "Axe Compute",
   "group": "neocloud",
   "hq": "United States",
   "listing": "Nasdaq: AGPU",
   "stats": {
    "con": 65,
    "con_note": "data-center capacity agreed with its landlord"
   },
   "blurb": "Signed more than $3B of contracts in 2026 on second-quarter revenue of $3.2M. Treat with care.",
   "sized": 19,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1446159/000117184326004883/f8k_072726.htm",
     "p": "Axe Compute",
     "d": "Jul 27, 2026",
     "q": "has secured a new five-year customer agreement with total contract value of over $1.5 billion to deploy a dedicated AI infrastructure cluster in the United States"
    }
   ]
  },
  {
   "id": "corz",
   "name": "Core Scientific",
   "short": "Core Scientific",
   "group": "landlord",
   "hq": "Dover, Delaware",
   "listing": "Nasdaq: CORZ",
   "stats": {
    "op": 437,
    "op_note": "billing to CoreWeave, mid-July 2026",
    "con": 1119,
    "con_note": "leased critical IT after the July 2026 leases",
    "backlog": 24,
    "backlog_note": "potential contracted revenue"
   },
   "blurb": "CoreWeave was its only tenant until July 2026, when AMD and a neocloud with AMD credit support leased about 530 MW more.",
   "sized": 1119,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/q2fy26earningsdeck728am.htm",
     "p": "Core Scientific Q2 2026 earnings presentation",
     "d": "Jul 28, 2026",
     "q": "CoreWeave Contract Summary ~590MW infrastructure ~800MW gross $10B+ in revenue potential over the contracts’ term"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/core-20260727.htm",
     "p": "Core Scientific",
     "d": "Jul 28, 2026",
     "q": "for an aggregate of 377 MW of critical IT capacity at the Company’s Pecos, TX; Muskogee, OK; and Hunt County, TX sites"
    }
   ]
  },
  {
   "id": "apld",
   "name": "Applied Digital",
   "short": "Applied Digital",
   "group": "landlord",
   "hq": "Dallas, Texas",
   "listing": "Nasdaq: APLD",
   "stats": {
    "op": 250,
    "op_note": "critical IT operating, Oct 1 2026",
    "con": 1410,
    "con_note": "leased critical IT, five campuses",
    "backlog": 36,
    "backlog_note": "base-term contracted revenue"
   },
   "blurb": "Only CoreWeave is named. One unnamed \"tier-one\" hyperscaler holds 810 MW across three campuses and another holds 200 MW.",
   "sized": 1410,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm",
     "p": "Applied Digital Form 10-K (FY ended May 31, 2026)",
     "d": "Jul 29, 2026",
     "q": "Polaris Forge 1 | CoreWeave | 400 MW | 15 years | ~$11.0B | 2H25–1H27"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/apldq127earningsrelease.htm",
     "p": "Applied Digital fiscal Q1 2027 earnings release",
     "d": "Oct 7, 2026",
     "q": "achieved Ready for Service for the second 75 MW phase of Building 2 at Polaris Forge 1, bringing fully operational critical IT load at the campus to 250 MW across two buildings and 10 data halls"
    }
   ]
  },
  {
   "id": "galaxy",
   "name": "Galaxy (Helios)",
   "short": "Galaxy",
   "group": "landlord",
   "hq": "New York; campus in West Texas",
   "listing": "Nasdaq: GLXY",
   "stats": {
    "op": 133,
    "op_note": "critical IT delivered, Jun 30 2026",
    "con": 526,
    "con_note": "critical IT leased (800 MW gross)"
   },
   "blurb": "One campus, one tenant.",
   "sized": 526,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000091/glxy-20260630.htm",
     "p": "Galaxy Digital Form 10-Q (Q2 2026)",
     "d": "Aug 10, 2026",
     "q": "has developed the first 133 megawatts (“MW”) of critical IT load, utilizing approximately 200 MW of gross power capacity, for CoreWeave, Inc. (“CoreWeave”) under a 15-year lease agreement (the “Lease Agreement”) entered into in April 2025"
    }
   ]
  },
  {
   "id": "wulf",
   "name": "TeraWulf",
   "short": "TeraWulf",
   "group": "landlord",
   "hq": "Easton, Maryland",
   "listing": "Nasdaq: WULF",
   "stats": {
    "op": 102,
    "op_note": "critical IT online at Lake Mariner, Aug 2026",
    "con": 839,
    "con_note": "leased critical IT",
    "backlog": 27,
    "backlog_note": "contracted revenue"
   },
   "blurb": "Leases to Anthropic directly in Kentucky. In New York its tenant is Fluidstack, with a Google backstop; the end user there is not named.",
   "sized": 839,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "839 MW Leased capacity GROWTH 02 2.1 GW Controlled pipeline across 5 sites CUSTOMERS 03 ~$27 B+ Contracted revenue"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "Under the Anthropic HPC Lease, the Company will provide Anthropic with approximately 401 MW of critical IT load at the Justified Data Campus. The Anthropic HPC Lease has an initial term of 20 years"
    }
   ]
  },
  {
   "id": "hut8",
   "name": "Hut 8",
   "short": "Hut 8",
   "group": "landlord",
   "hq": "Miami, Florida",
   "listing": "Nasdaq: HUT",
   "stats": {
    "op": 0,
    "op_note": "nothing delivered yet; first halls due in 2027",
    "con": 949,
    "con_note": "contracted critical IT",
    "backlog": 26.6,
    "backlog_note": "base-term contract value"
   },
   "blurb": "Two tenants hold everything. The larger is unnamed in filings; the press says it is Nvidia, whose own 10-Q lists about $20B of 15-year leases it expects to pass to others.",
   "sized": 949,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090041/tm2621890d1_ex99-1.htm",
     "p": "Hut 8",
     "d": "Aug 4, 2026",
     "q": "949 MW of contracted IT capacity, approximately $26.6 billion of expected aggregate base-term contract value, more than $1.75 billion of expected average annual NOI"
    }
   ]
  },
  {
   "id": "cifr",
   "name": "Cipher Digital",
   "short": "Cipher",
   "group": "landlord",
   "hq": "New York; sites in West Texas",
   "listing": "Nasdaq: CIFR",
   "stats": {
    "op_note": "first capacity delivered to AWS in August 2026",
    "con": 493,
    "con_note": "critical IT leased (700 MW gross)",
    "backlog": 16.5,
    "backlog_note": "this page's sum: $7.5B from AWS, $3.8B from Fluidstack and the $5.2B follow-on lease"
   },
   "blurb": "Formerly Cipher Mining. In September 2026 an unnamed AI lab committed to lease Barber Lake for ten more years after Fluidstack's term.",
   "sized": 493,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm",
     "p": "Cipher Digital",
     "d": "Aug 4, 2026",
     "q": "10-15 Years Base Lease Terms ~$11.4 Bn Contracted Revenue ~$793 MM Avg. Annualized NOI (3) 700 MW Contracted Gross HPC Capacity"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000043/barberlakeleaseamendmentpr.htm",
     "p": "Cipher Digital",
     "d": "Sep 25, 2026",
     "q": "extend the contracted lease duration of its Barber Lake data center in Colorado City, Texas from 10 years to 20 years and increase total contracted revenue at the facility from $3.8 billion to over $9 billion."
    }
   ]
  },
  {
   "id": "riot",
   "name": "Riot Platforms",
   "short": "Riot",
   "group": "landlord",
   "hq": "Castle Rock, Colorado",
   "listing": "Nasdaq: RIOT",
   "stats": {
    "op": 25,
    "op_note": "delivered to AMD, May 2026",
    "con": 241,
    "con_note": "leased critical IT",
    "backlog": 9.8,
    "backlog_note": "two leases"
   },
   "blurb": "Its large tenant is \"a leading frontier AI lab\" in filings; the press names Anthropic.",
   "sized": 241,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093406/riot-20260810xex99d1.htm",
     "p": "Riot Platforms Q2 2026 results press release",
     "d": "Aug 10, 2026",
     "q": "Executed 20-year data center lease with a leading frontier AI lab for 191 MW of critical IT capacity at Riot’s Rockdale campus, expected to generate approximately $9.1 billion in total contract revenue over the initial term"
    }
   ]
  },
  {
   "id": "clsk",
   "name": "CleanSpark",
   "short": "CleanSpark",
   "group": "landlord",
   "hq": "Henderson, Nevada",
   "listing": "Nasdaq: CLSK",
   "stats": {
    "op": 0,
    "op_note": "no AI revenue yet",
    "con": 175,
    "con_note": "leased critical IT",
    "backlog": 6.6,
    "backlog_note": "base-term lease value"
   },
   "blurb": "Named its tenant as a Meta subsidiary only in a September 2026 bond presentation.",
   "sized": 175,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526338382/clsk-20260630.htm",
     "p": "CleanSpark Form 10-Q (quarter ended June 30, 2026)",
     "d": "Aug 6, 2026",
     "q": "On July 10, 2026, the Company entered into a 20-year triple-net infrastructure lease agreement (the “Sandersville Lease”), with two five-year extension options, with a leading global technology company for 175 MW of critical information technology load"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526393758/clsk-ex99_1.htm",
     "p": "CleanSpark Sandersville Investor Presentation",
     "d": "Sep 17, 2026",
     "q": "The Tenant (Anviran, LLC) is a wholly owned subsidiary of Meta"
    }
   ]
  },
  {
   "id": "btdr",
   "name": "Bitdeer",
   "short": "Bitdeer",
   "group": "landlord",
   "hq": "Singapore; campus in Tydal, Norway",
   "listing": "Nasdaq: BTDR",
   "stats": {
    "op_note": "delivery from December 2026",
    "con": 121,
    "con_note": "critical IT leased (133 MW gross)",
    "backlog": 4.7,
    "backlog_note": "16-year lease"
   },
   "blurb": "Its tenant can walk away without a fee at year ten.",
   "sized": 121,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1899123/000121390026085655/ea030075201ex99-1.htm",
     "p": "Bitdeer press release",
     "d": "Aug 4, 2026",
     "q": "TDC will deliver 121 IT megawatts (MW), supported by an estimated 133 gross MW, at its Tydal campus in Norway. The agreement represents approximately $4.7 billion in contracted revenue over the initial 16-year base term."
    }
   ]
  },
  {
   "id": "iond",
   "name": "Ionic Digital",
   "short": "Ionic Digital",
   "group": "landlord",
   "hq": "Washington, DC; site in Ward County, Texas",
   "listing": "Nasdaq: IOND",
   "stats": {
    "op": 234,
    "op_note": "power installed at Ward County",
    "con": 234,
    "con_note": "leased to Nscale",
    "backlog": 1.9,
    "backlog_note": "10.5-year lease"
   },
   "blurb": "Successor to Celsius's mining assets. Nvidia guarantees the first five years of its tenant's rent.",
   "sized": 234,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2007691/000200769126000012/ioni-20260630.htm",
     "p": "Ionic Digital Form 10-Q (Q2 2026)",
     "d": "Sep 1, 2026",
     "q": "In October 2025, we announced our inaugural participation in the HPC/AI sector with a 126-month “triple net” lease with Nscale Ward County LLC"
    }
   ]
  },
  {
   "id": "wyfi",
   "name": "WhiteFiber",
   "short": "WhiteFiber",
   "group": "landlord",
   "hq": "New York; campus in Madison, North Carolina",
   "listing": "Nasdaq: WYFI",
   "stats": {
    "op": 11,
    "op_note": "gross, Montreal sites",
    "con": 40,
    "con_note": "critical IT leased at NC-1"
   },
   "blurb": "Bit Digital's data-center arm. It also runs a small GPU cloud for Baseten and Prime Intellect.",
   "sized": 40,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2042022/000121390025123321/ea026991801ex99-1_white.htm",
     "p": "WhiteFiber press release",
     "d": "Dec 18, 2025",
     "q": "The agreement secures the first 40 megawatt delivery of critical IT load at WhiteFiber’s flagship NC-1 data center campus in Madison, North Carolina. The contract represents approximately $865 million in contracted revenue over the initial 10-year term"
    }
   ]
  },
  {
   "id": "dgxx",
   "name": "Digi Power X",
   "short": "Digi Power X",
   "group": "landlord",
   "hq": "Toronto; site in Columbiana, Alabama",
   "listing": "Nasdaq: DGXX",
   "stats": {
    "op_note": "first 15 MW due December 2026",
    "con": 40,
    "con_note": "critical IT, of which 15 MW is firm"
   },
   "blurb": "Formerly Digihost.",
   "sized": 40,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1854368/000121390026089940/ea0301731-10q_digipower.htm",
     "p": "Digi Power X Form 10-Q (Q2 2026)",
     "d": "Aug 14, 2026",
     "q": "the total contract value to the Corporation is approximately $1.1 billion in the initial term of the contract, with a total potential contract value to the Corporation of approximately $2.5 billion, assuming one seven (7)-year Extension"
    }
   ]
  },
  {
   "id": "blockfusion",
   "name": "Blockfusion",
   "short": "Blockfusion",
   "group": "landlord",
   "hq": "Niagara Falls, New York",
   "listing": "going public by merger",
   "stats": {
    "op_note": "first 25 MW due to earn rent from February 2028",
    "con": 85,
    "con_note": "35 MW under lease plus 50 MW under an expansion agreement, both subject to conditions"
   },
   "blurb": "A former power plant turned data center, being rebuilt for AI with CoreWeave as anchor.",
   "sized": 85,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2059654/000118518526004076/bacc425091626.htm",
     "p": "Blockfusion press release (Blue Acquisition Corp Form 425)",
     "d": "Sep 16, 2026",
     "q": "has entered into a definitive anchor lease (the “Lease”) with CoreWeave, Inc. (“CoreWeave”) (Nasdaq: CRWV)"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2059654/000118518526004321/baccex99-1.htm",
     "p": "Blockfusion investor presentation, September 2026",
     "d": "Sep 25, 2026",
     "q": "Comprises 35MW under the executed Lease Agreement and 50MW under the Expansion Agreement with CoreWeave, Inc."
    }
   ]
  },
  {
   "id": "aib",
   "name": "AIB Data Centers",
   "short": "AIB",
   "group": "landlord",
   "hq": "Southeastern United States",
   "listing": "NYSE American: AIB",
   "stats": {
    "con": 50,
    "con_note": "critical IT leased"
   },
   "blurb": "Formerly BlockchAIn Digital Infrastructure.",
   "sized": 50,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2070542/000121390026105865/ea030737801ex99-1.htm",
     "p": "AIB Data Centers press release",
     "d": "Sep 30, 2026",
     "q": "has entered into a binding agreement with Nebius (Nasdaq: NBIS), the AI cloud company, for 50 MW of critical IT capacity at AIB’s facility located in the southeastern United States"
    }
   ]
  },
  {
   "id": "gpus",
   "name": "Hyperscale Data",
   "short": "Hyperscale Data",
   "group": "landlord",
   "hq": "Michigan",
   "listing": "NYSE American: GPUS",
   "stats": {
    "con": 20,
    "con_note": "critical IT leased"
   },
   "blurb": "Shut its Michigan bitcoin mine in September 2026 to make room for the tenant.",
   "sized": 20,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/896493/000121465926007704/x6242618k.htm",
     "p": "Hyperscale Data",
     "d": "Jun 24, 2026",
     "q": "to deploy a total of approximately 20 megawatts"
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/hyperscale-data-ends-cryptomining-operations-at-michigan-data-center/",
     "p": "DatacenterDynamics",
     "d": "Sep 3, 2026",
     "q": "all Bitcoin mining operations ended on September 1, 2026"
    }
   ]
  },
  {
   "id": "spacex",
   "name": "SpaceXAI",
   "short": "SpaceXAI",
   "group": "lab",
   "hq": "Memphis, Tennessee and Southaven, Mississippi",
   "listing": "Nasdaq: SPCX (SpaceX)",
   "stats": {
    "op": 1400,
    "op_note": "nameplate compute, Jun 30 2026",
    "con_note": "guides to more than 2 GW by the end of 2026"
   },
   "blurb": "The AI arm of SpaceX rents out its Colossus data centers by the month. Either side can leave on 90 days' notice, so only about six months of each contract is firm. On these estimates it earns $30–50M per megawatt-year, above any long-term neocloud contract here.",
   "sized": 1270,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026052515/earningsreleaseq22608042.htm",
     "p": "SpaceX Q2 2026 earnings release",
     "d": "Aug 4, 2026",
     "q": "Expanded compute capacity to 1.4 GW, up from 1.0 GW in Q1 2026"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm",
     "p": "SpaceX prospectus, Form 424B4",
     "d": "Jun 12, 2026",
     "q": "Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee."
    }
   ]
  },
  {
   "id": "cerebras",
   "name": "Cerebras",
   "short": "Cerebras",
   "group": "lab",
   "hq": "Sunnyvale, California",
   "listing": "Nasdaq: CBRS",
   "stats": {
    "con": 600,
    "con_note": "data-center capacity live or under contract for delivery by end-2027",
    "backlog": 25.4,
    "backlog_note": "remaining performance obligations, Jun 30 2026"
   },
   "blurb": "A chip maker selling inference capacity from leased data centers: more than 600 MW live or due by the end of 2027, against 750 MW owed to OpenAI by 2028.",
   "sized": 850,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056186/cbrsannouncesfinancialresu.htm",
     "p": "Cerebras Q2 2026 earnings release",
     "d": "Aug 12, 2026",
     "q": "Increased data center capacity, live and under contract for delivery by the end of 2027 to more than 600 MW."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056357/cbrs-20260630.htm",
     "p": "Cerebras Form 10-Q, Q2 2026",
     "d": "Aug 12, 2026",
     "q": "the Company entered into a Master Relationship Agreement (the “MRA”) with OpenAI OpCo, LLC (“OpenAI”) to provide 750 MW of AI inference compute capacity that OpenAI is contractually committed to purchase"
    }
   ]
  },
  {
   "id": "g42",
   "name": "G42 / Khazna",
   "short": "G42",
   "group": "sovereign",
   "hq": "Abu Dhabi, UAE",
   "listing": "private",
   "stats": {
    "con_note": "5 GW UAE–US AI campus planned"
   },
   "blurb": "Khazna builds the data centers and Core42 runs the cloud. Whether the first 200 MW of Stargate UAE went live in 2026 as planned is not confirmed.",
   "sized": 1200,
   "src": [
    {
     "u": "https://group.softbank/en/news/press/20250522",
     "p": "SoftBank Group (joint press release: G42, OpenAI, Oracle, NV",
     "d": "May 22, 2025",
     "q": "Stargate UAE, a 1-gigawatt compute cluster, will be built by G42 and operated by OpenAI and Oracle."
    }
   ]
  },
  {
   "id": "humain",
   "name": "Humain",
   "short": "Humain",
   "group": "sovereign",
   "hq": "Riyadh, Saudi Arabia",
   "listing": "owned by the Public Investment Fund",
   "stats": {
    "con_note": "about 6 GW of data centers planned"
   },
   "blurb": "Most of what it has announced are frameworks. Its AI Zone in Riyadh with AWS, 50 MW by 2028, is a joint build that AWS will run, so it is not counted as a sale.",
   "sized": 100,
   "src": [
    {
     "u": "https://www.prnewswire.com/news-releases/humain-expands-strategic-partnership-with-nvidia-advancing-global-ai-infrastructure-with-xai-global-ai-and-aws-at-the-us-saudi-investment-forum-302620854.html",
     "p": "HUMAIN",
     "d": "Nov 19, 2025",
     "q": "AWS will deploy and manage up to 150,000 NVIDIA GPUs within a dedicated \"AI Zone\" in Riyadh."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/aws-and-humain-commit-to-bringing-50mw-online-at-saudi-ai-zone-by-2028/",
     "p": "DatacenterDynamics",
     "d": "Sep 2, 2026",
     "q": "will bring the first 50MW of capacity online at the Saudi Arabia AI Zone by 2028."
    }
   ]
  }
 ],
 "contracts": [
  {
   "i": 0,
   "s": "coreweave",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 310,
   "basis": "rev",
   "tier": "A",
   "st": "live",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2023,
   "label": "Master services agreement of February 2023",
   "note": "No contract value or megawatts are disclosed. Sized from revenue: the largest customer was 36% of second-quarter 2026 revenue of $2,575M. The filing does not name that customer; Microsoft was the largest in 2025, at 67% of revenue, and is assumed to be still. Press put the contract at about $10B through 2030.",
   "calc": "36% × $2,575M × 4 ÷ $12M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm",
     "p": "CoreWeave",
     "d": "Aug 12, 2026",
     "q": "We recognized an aggregate of approximately 36%, 26%, and 10% of our revenue from our top three customers for the three months ended June 30, 2026, with no other customer representing 10% or more of our revenue"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000104/crwv-20251231.htm",
     "p": "CoreWeave",
     "d": "Mar 2, 2026",
     "q": "We recognized an aggregate of approximately 67% of our revenue from our top customer, Microsoft, for the year ended December 31, 2025."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/microsoft-to-invest-10bn-in-coreweave-by-end-of-decade",
     "p": "DatacenterDynamics",
     "d": "Nov 4, 2024",
     "q": "Microsoft is set to spend around $10 billion on artificial intelligence (AI) cloud provider CoreWeave"
    }
   ]
  },
  {
   "i": 1,
   "s": "coreweave",
   "b": "Meta",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 390,
   "basis": "est",
   "tier": "A",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 35.2,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Two order forms: up to $14.2B (Sep 2025) and about $21.0B (Mar 2026), through 2032",
   "note": "The second order includes early Vera Rubin deployments. Megawatts are not disclosed. CoreWeave reported other new Meta agreements in early 2026 without values.",
   "calc": "$14.2B ÷ 6.2 yr ÷ $12M + $21B ÷ 6.7 yr ÷ $16M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000154/crwv-20260331.htm",
     "p": "CoreWeave",
     "d": "Apr 9, 2026",
     "q": "Meta has initially committed to pay the Company approximately $21 billion, inclusive of (i) access to new computing capacity under the Order Form through December 20, 2032 and (ii) the exercise of an existing option to access additional computing capacity"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000050/crwv-20250925.htm",
     "p": "CoreWeave",
     "d": "Sep 30, 2025",
     "q": "Meta has initially committed to pay the Company up to approximately $14.2 billion through December 14, 2031 under the Order Form, with the option to materially expand its commitment through 2032 for additional cloud computing capacity"
    }
   ]
  },
  {
   "i": 2,
   "s": "coreweave",
   "b": "OpenAI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 380,
   "basis": "est",
   "tier": "A",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 22.4,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Three contracts: up to $11.9B, $4.0B and $6.5B, running to 2029–2031",
   "note": "Megawatts are not disclosed. Press reports a 260 MW CoreWeave cluster for OpenAI at Denton, Texas.",
   "calc": "$11.9B ÷ 5 yr ÷ $12M + $4B ÷ 4 yr ÷ $12M + $6.5B ÷ 5.7 yr ÷ $12M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000059/coreweave3q25earningspress.htm",
     "p": "CoreWeave",
     "d": "Nov 10, 2025",
     "q": "Expanded the OpenAI partnership with an up to approximately $6.5 billion deal, bringing total commitments to up to approximately $22.4 billion"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000119312525067651/d899798d424b4.htm",
     "p": "CoreWeave",
     "d": "Mar 31, 2025",
     "q": "As of March 11, 2025, subject to any termination described below and satisfaction of delivery and availability of service requirements, OpenAI has committed to pay us up to approximately $11.9 billion through October 2030."
    },
    {
     "u": "https://finance.yahoo.com/news/summer-weather-delayed-coreweave-denton-161453750.html",
     "p": "Yahoo Finance",
     "d": "Dec 16, 2025",
     "q": "CoreWeave pushed back the completion date for the 260-megawatt cluster by several months on account of the impediments."
    }
   ]
  },
  {
   "i": 3,
   "s": "coreweave",
   "b": "Jane Street",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": 75,
   "basis": "est",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 6.0,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "About $6.0B commitment (Apr 2026), Vera Rubin capacity",
   "note": "Term not disclosed; five years assumed. Jane Street also bought about $1.0B of CoreWeave stock.",
   "calc": "$6B ÷ 5 yr ÷ $16M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000167/ex991.htm",
     "p": "CoreWeave and Jane Street",
     "d": "Apr 15, 2026",
     "q": "today announced that Jane Street has committed approximately $6 billion to use CoreWeave’s AI cloud platform."
    }
   ]
  },
  {
   "i": 4,
   "s": "coreweave",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 6.3,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "$6.3B order to buy capacity CoreWeave cannot sell, through April 2032",
   "note": "A backstop for unsold capacity, so it has no fixed megawatts.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000047/crwv-20250909.htm",
     "p": "CoreWeave",
     "d": "Sep 15, 2025",
     "q": "has an initial value of $6.3 billion, that establishes an arrangement with respect to the sale by the Company of reserved cloud computing capacity to its customers and provides NVIDIA access to any residual unsold cloud computing capacity"
    }
   ]
  },
  {
   "i": 5,
   "s": "coreweave",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Multi-year agreement (Apr 2026); value not disclosed",
   "note": "Capacity was due to start coming online later in 2026.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.hpcwire.com/off-the-wire/coreweave-announces-multi-year-agreement-with-anthropic/",
     "p": "CoreWeave and Anthropic press release (HPCwire copy)",
     "d": "Apr 10, 2026",
     "q": "The multi-year agreement will bring compute online starting later this year."
    }
   ]
  },
  {
   "i": 6,
   "s": "coreweave",
   "b": "Hudson River Trading",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "\"Multi-billion dollar\" agreement (Aug 2026)",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.coreweave.com/news/hudson-river-trading-to-build-next-gen-research-platform-powered-by-nvidia-vera-rubin-nvl72-on-coreweave-cloud",
     "p": "CoreWeave press release",
     "d": "Aug 20, 2026",
     "q": "in its next chapter of growth in multi-billion dollar deal"
    }
   ]
  },
  {
   "i": 7,
   "s": "coreweave",
   "b": "Google",
   "bt": "hyper",
   "user": "OpenAI",
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "ramping",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Several contracts since 2025; part reported to be resold to OpenAI",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000429/crwv2026convertpresentat.htm",
     "p": "CoreWeave",
     "d": "Sep 17, 2026",
     "q": "High performance compute partner to Google Cloud as of Q2’25, has already signed multiple contracts"
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/coreweave-to-provide-compute-capacity-for-googles-openai-deal-report/",
     "p": "DatacenterDynamics",
     "d": "Jun 13, 2025",
     "q": "CoreWeave to provide compute capacity for Google's OpenAI deal - report"
    }
   ]
  },
  {
   "i": 8,
   "s": "coreweave",
   "b": "IBM",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.datacenterdynamics.com/en/news/ibm-will-train-new-granite-models-on-coreweaves-ai-infrastructure/",
     "p": "DatacenterDynamics",
     "d": "Jan 16, 2025",
     "q": "IBM will use CoreWeave's cloud platform to access the Nvidia GB200 clusters, featuring the GB200 NVL72 systems,"
    }
   ]
  },
  {
   "i": 9,
   "s": "coreweave",
   "b": "Mistral AI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.coreweave.com/news/coreweave-launches-nvidia-gb200-grace-blackwell-systems-at-scale",
     "p": "CoreWeave press release",
     "d": "Apr 15, 2025",
     "q": "Cohere, IBM and Mistral AI are the first customers to gain access to"
    }
   ]
  },
  {
   "i": 10,
   "s": "coreweave",
   "b": "Cohere",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000429/crwv2026convertpresentat.htm",
     "p": "CoreWeave",
     "d": "Sep 17, 2026",
     "q": "CoreWeave's new Canadian data center allows Cohere to train some of its LLMs in Canada, previously not an option due to the lack of necessary compute"
    }
   ]
  },
  {
   "i": 11,
   "s": "coreweave",
   "b": "Perplexity",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.coreweave.com/news/coreweave-announces-agreement-to-power-perplexitys-ai-inference-workloads",
     "p": "CoreWeave press release",
     "d": "Mar 4, 2026",
     "q": "today announced that it has entered into a multi-year strategic partnership with Perplexity."
    }
   ]
  },
  {
   "i": 12,
   "s": "coreweave",
   "b": "Cursor",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000094/coreweave4q25earningspress.htm",
     "p": "CoreWeave",
     "d": "Feb 26, 2026",
     "q": "Partner of choice for leading AI pioneers and enterprises including: Cognition, Crowdstrike, Cursor, Mercado Libre, Midjourney, Runway"
    }
   ]
  },
  {
   "i": 13,
   "s": "coreweave",
   "b": "Cognition",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000094/coreweave4q25earningspress.htm",
     "p": "CoreWeave",
     "d": "Feb 26, 2026",
     "q": "Partner of choice for leading AI pioneers and enterprises including: Cognition, Crowdstrike, Cursor, Mercado Libre, Midjourney, Runway"
    }
   ]
  },
  {
   "i": 14,
   "s": "coreweave",
   "b": "Poolside",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "ended",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Cluster of more than 40,000 GPUs for Poolside (announced Oct 2025)",
   "note": "Poolside told investors in 2026 that it failed to raise the $2B needed in time and lost the cluster. CoreWeave had also planned to be anchor tenant at Poolside's own Project Horizon.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.businesswire.com/news/home/20251015684035/en",
     "p": "CoreWeave press release (Business Wire)",
     "d": "Oct 15, 2025",
     "q": "CoreWeave will provide a state-of-the-art cluster of NVIDIA GB300 NVL72 systems, including more than 40,000 GPUs."
    },
    {
     "u": "https://thenextweb.com/news/nvidia-poolside-6bn-model-factory-licence",
     "p": "The Next Web",
     "d": "Aug 21, 2026",
     "q": "we had a 6 week window in which to raise $2 billion dollars to pay for a 40,000 GB300 cluster coming online in January. We didn’t close it in time, and we lost the cluster."
    }
   ]
  },
  {
   "i": 15,
   "s": "crusoe",
   "b": "Oracle",
   "bt": "hyper",
   "user": "OpenAI",
   "uq": null,
   "mw": 1200,
   "basis": "gross",
   "tier": "S",
   "st": "ramping",
   "cf": "company",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2024,
   "label": "Abilene, Texas: eight buildings, 1.2 GW; Oracle leases the campus for OpenAI",
   "note": "The first two buildings (206 MW) opened in 2025. Oracle said in September 2026 that six of the eight had been delivered, 618 MW on its count. Lease value not disclosed.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-expands-ai-data-center-campus-in-abilene-to-1-2-gigawatts",
     "p": "Crusoe",
     "d": "Mar 18, 2025",
     "q": "includes six additional buildings, bringing the total facility to eight buildings, approximately 4 million square feet, and a total power capacity of 1.2 gigawatts (GW)."
    },
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-blue-owl-capital-primary-digital-joint-venture",
     "p": "Crusoe / Blue Owl / Primary Digital",
     "d": "Oct 15, 2024",
     "q": "funds managed by Blue Owl’s Real Estate platform and Primary Digital Infrastructure will jointly sponsor the 206 MW 998,000 square foot data center being designed, built, and operated by Crusoe."
    },
    {
     "u": "https://electroneconomics.substack.com/p/crusoe-sold-cheap-power-for-six-years",
     "p": "Electron Economics (quoting Oracle's Sep 10 earnings call)",
     "d": "Oct 7, 2026",
     "q": "He put the delivered capacity at 618 megawatts, three quarters of the campus total."
    }
   ]
  },
  {
   "i": 16,
   "s": "crusoe",
   "b": "Meta",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 1600,
   "basis": "gross",
   "tier": "S",
   "st": "signed",
   "cf": "press",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Childress, Texas and Warrenton, Missouri: about 1.6 GW (Bloomberg)",
   "note": "Crusoe confirms a 1.0 GW Childress campus for an unnamed hyperscaler; Meta as the tenant is a press report.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://sg.finance.yahoo.com/news/meta-signs-ai-computing-deals-212431949.html",
     "p": "Reuters, via Yahoo Finance",
     "d": "Jun 18, 2026",
     "q": "Meta is under contract to buy computing capacity from Crusoe at two data centers, which are located in Childress, Texas, and Warrenton, Missouri, according to the report. … Meta is set to get roughly 1.6 gigawatts of capacity combined across the two sites, the report said."
    },
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-and-lancium-announce-1-gigawatt-ai-data-center-campus-in-childress-texas",
     "p": "Crusoe / Lancium",
     "d": "Jul 15, 2026",
     "q": "today announced a 1.0 gigawatt (GW) AI data center campus in Childress, Texas."
    }
   ]
  },
  {
   "i": 17,
   "s": "crusoe",
   "b": "Google",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 1030,
   "basis": "ana",
   "tier": "S",
   "st": "signed",
   "cf": "company",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Goodnight campus near Amarillo, Texas: seven buildings, about 1.0 GW",
   "note": "Crusoe named Google as the customer on Sep 28 2026; work on the site began in June 2025. The megawatt figure is an analyst estimate (Aterio), not Crusoe's.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-developing-data-center-campus-in-armstrong-county-texas",
     "p": "Crusoe",
     "d": "Sep 28, 2026",
     "q": "today announced it is the developer of Google’s data center campus under construction in Armstrong County outside of Amarillo."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/google-named-as-customer-for-crusoes-data-center-campus-in-amarillo-texas/",
     "p": "DatacenterDynamics",
     "d": "Sep 30, 2026",
     "q": "According to Aterio Research, the data center campus will actually feature seven buildings and offer more than 1GW."
    }
   ]
  },
  {
   "i": 18,
   "s": "crusoe",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 672,
   "basis": "it",
   "tier": "A",
   "st": "signed",
   "cf": "company",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Second Abilene campus: two buildings of 336 MW critical IT each on a 900 MW site",
   "note": "First building due to be energized in mid-2027. This is the capacity Oracle and OpenAI passed on.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-announces-new-900-mw-ai-factory-campus-in-abilene-texas-to-support-microsoft-ai-infrastructure",
     "p": "Crusoe",
     "d": "Mar 27, 2026",
     "q": "Each of the two new buildings is designed to deliver 336 MW of critical IT load, supporting the rack densities required by the next generation of GPU architectures. … Supporting large scale AI workloads for Microsoft, the 900 MW site includes two new buildings and an onsite power plant to support grid resilience."
    }
   ]
  },
  {
   "i": 19,
   "s": "crusoe",
   "b": "Jane Street",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": 160,
   "basis": "est",
   "tier": "B",
   "st": "signed",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": 13.0,
   "usdmax": null,
   "term": 5,
   "year": 2026,
   "label": "Five-year Crusoe Cloud contract worth about $13B (Bloomberg, Sep 2026)",
   "note": "Neither side has confirmed it. Megawatts not reported.",
   "calc": "$13B ÷ 5 yr ÷ $16M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://finance.yahoo.com/technology/ai/articles/crusoe-signs-13-billion-ai-195326470.html",
     "p": "Reuters, via Yahoo Finance",
     "d": "Sep 3, 2026",
     "q": "AI data center startup Crusoe has signed a five-year cloud contract with trading firm Jane Street Group valued at around $13 billion, Bloomberg News reported on Thursday, citing people familiar with the matter."
    }
   ]
  },
  {
   "i": 20,
   "s": "crusoe",
   "b": "Thinking Machines Lab",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "ramping",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Managed inference at about $65M a year",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-thinking-machines-lab-inference-partnership",
     "p": "Crusoe press release",
     "d": "Sep 23, 2026",
     "q": "today announced a $65 million annual agreement to power inference for the lab's open models on Crusoe Cloud"
    }
   ]
  },
  {
   "i": 21,
   "s": "crusoe",
   "b": "Perplexity",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named Crusoe Cloud customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-perplexity-partnership",
     "p": "Crusoe",
     "d": "Sep 15, 2026",
     "q": "today announced a multi-year partnership with Perplexity to power its AI workloads on Crusoe Cloud."
    }
   ]
  },
  {
   "i": 22,
   "s": "crusoe",
   "b": "Cognition",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named Crusoe Cloud customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-announces-series-f-funding",
     "p": "Crusoe",
     "d": "Sep 17, 2026",
     "q": "Today, customers including Cognition, Figure, and Perplexity are already innovating on Crusoe Cloud."
    }
   ]
  },
  {
   "i": 23,
   "s": "crusoe",
   "b": "Figure",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named Crusoe Cloud customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.crusoe.ai/resources/newsroom/crusoe-announces-series-f-funding",
     "p": "Crusoe",
     "d": "Sep 17, 2026",
     "q": "Today, customers including Cognition, Figure, and Perplexity are already innovating on Crusoe Cloud."
    }
   ]
  },
  {
   "i": 24,
   "s": "crusoe",
   "b": "Oracle",
   "bt": "hyper",
   "user": "OpenAI",
   "uq": null,
   "mw": 800,
   "basis": "gross",
   "tier": null,
   "st": "ended",
   "cf": "press",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Abilene expansion from 1.2 GW to about 2.0 GW",
   "note": "Tentative plans, never signed, dropped in March 2026. Microsoft then took the adjacent campus.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.insurancejournal.com/news/southcentral/2026/03/10/861213.htm",
     "p": "Bloomberg",
     "d": "Mar 10, 2026",
     "q": "Oracle, Crusoe, and OpenAI had been talking since the middle of 2025 about expanding the facility from 1.2 gigawatts to about 2.0 gigawatts."
    }
   ]
  },
  {
   "i": 25,
   "s": "crusoe",
   "b": "Google",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 1800,
   "basis": "gross",
   "tier": null,
   "st": "ended",
   "cf": "press",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Project Jade, Cheyenne, Wyoming (announced at 1.8 GW)",
   "note": "Crusoe's exit became public in June 2026; it says no contract was ever signed. Bloomberg names Google as the prospective customer.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.datacenterdynamics.com/en/news/crusoe-pauses-work-on-18gw-cheyenne-wyoming-data-center-at-the-request-of-our-customer/",
     "p": "DatacenterDynamics",
     "d": "Jun 10, 2026",
     "q": "At the request of our customer, Crusoe has paused its development activities … The 1.8GW facility was announced last year, with claims it could scale to 10GW."
    },
    {
     "u": "https://finance.yahoo.com/sectors/technology/articles/crusoe-exited-1-8-gw-180819575.html",
     "p": "Blockspace, via Yahoo Finance",
     "d": "Jun 11, 2026",
     "q": "A Crusoe spokesperson told Bloomberg the company did not have a signed agreement with the prospective customer but had entered into exclusive talks. … Bloomberg reported that Google raised concerns about costs and the construction timetable under Crusoe's management, and the company was pressured to leave."
    }
   ]
  },
  {
   "i": 26,
   "s": "nscale",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 680,
   "basis": "it",
   "tier": "A",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": 43.8,
   "term": null,
   "year": 2025,
   "label": "Six sites: Texas 200 MW, Sines (Portugal) 230 MW, Narvik (Norway) 200 MW, Loughton (UK) 50 MW",
   "note": "Up to about $43.8B through December 2033. The megawatts are this page's reading of the S-1's table of sites, which does not name customers; Nscale's releases tie these sites to Microsoft. 30 MW in Portugal was live at the end of August and the Texas site began delivering in September; the UK site may not get grid power for years.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-20260918.htm",
     "p": "Nscale Ltd Form S-1",
     "d": "Sep 18, 2026",
     "q": "Between September 2025 and April 2026, we entered into statements of work with Microsoft that provide for payments to us of up to approximately $43.8 billion through December 2033, not including the optional extensions … In April 2026, OpenAI withdrew from the Stargate Norway and Stargate UK partnerships, with Microsoft subsequently expanding its agreement with us to take the extra compute capacity at Stargate Norway. … As of August 31, 2026, we operated five active and twelve contracted data center sites, including seven wholly-owned sites, nine colocation sites and one leased site."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-ex10_23.htm",
     "p": "Nscale, Form S-1 Exhibit 10.23: Ward County credit agreement",
     "d": "Sep 18, 2026",
     "q": "“Customer” shall mean Microsoft Corporation."
    },
    {
     "u": "https://www.nscale.com/press-releases/nscale-3-billion-delayed-draw-term-loans",
     "p": "Nscale press release",
     "d": "Aug 31, 2026",
     "q": "will fund the deployment of NVIDIA GB300 (Blackwell Ultra) and VR200 (Vera Rubin) systems supporting approximately 200 MW of IT load."
    },
    {
     "u": "https://www.nscale.com/press-releases/nscale-start-campus",
     "p": "Nscale press release",
     "d": "May 5, 2026",
     "q": "Nscale’s additional investments of €230 million in shared infrastructure and €465 million in a second 200MW building at the SINES Data Campus"
    },
    {
     "u": "https://www.nscale.com/press-releases/nscale-uk-ai-infrastructure-announcement",
     "p": "Nscale press release",
     "d": "Sep 16, 2025",
     "q": "The site will deliver 50MW of AI capacity, scalable to 90MW, and will initially house 23,040 NVIDIA GB300 GPUs delivered in Q1 of 2027."
    },
    {
     "u": "https://www.nscale.com/press-releases/execution-at-scale",
     "p": "Nscale newsroom post",
     "d": "Oct 1, 2026",
     "q": "Nine months ago, our site in Ward County was an empty steel shell in West Texas. Today it’s a live AI data center delivering thousands of GPUs."
    }
   ]
  },
  {
   "i": 27,
   "s": "nscale",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 460,
   "basis": "it",
   "tier": "A",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": 44.6,
   "term": 6,
   "year": 2026,
   "label": "Monarch campus, West Virginia: Vera Rubin capacity in four tranches from 2027",
   "note": "Signed Aug 25 2026. Either side can cancel if Nscale does not secure financing by a set date.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-20260918.htm",
     "p": "Nscale, Form S-1",
     "d": "Sep 18, 2026",
     "q": "we entered into the Anthropic Services Agreements, which provide for aggregate payments to us of up to approximately $44.6 billion, subject to our satisfaction of specified delivery and service availability requirements … As of the date of this prospectus, we have not obtained binding commitments for any of the financings required to fund performance under the Anthropic Services Agreements"
    },
    {
     "u": "https://wvpublic.org/story/energy-environment/mason-county-data-center-reportedly-nets-muli-billion-dollar-client/",
     "p": "West Virginia Public Broadcasting",
     "d": "Aug 28, 2026",
     "q": "According to reporting from Bloomberg Thursday, Anthropic’s commitment represents about 460 megawatts of power."
    }
   ]
  },
  {
   "i": 28,
   "s": "nscale",
   "b": "Figure",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 45,
   "basis": "est",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 3.5,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "$3.5B of compute for robot training, with intent to reach $6B; from the second half of 2027",
   "note": "Term is \"multi-year\"; five years assumed. Nscale is also investing in Figure.",
   "calc": "$3.5B ÷ 5 yr ÷ $16M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.nscale.com/press-releases/nscale-and-figure",
     "p": "Nscale press release",
     "d": "Sep 3, 2026",
     "q": "The initial GPUs are targeted for deployment starting the second half of 2027 in Barstow, Texas, with an initial commitment of $3.5 billion of compute and the intent to scale to over $6 billion."
    }
   ]
  },
  {
   "i": 29,
   "s": "nscale",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 35,
   "basis": "est",
   "tier": "C",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 1.2,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "$1.2B of reserved GPU clusters in Iceland, the UK and Norway",
   "note": "Terms run 12 to 48 months; three years assumed. Nvidia is also an investor in Nscale and guarantees part of its Texas lease.",
   "calc": "$1.2B ÷ 3 yr ÷ $12M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-20260918.htm",
     "p": "Nscale, Form S-1",
     "d": "Sep 18, 2026",
     "q": "we provide reserved GPU cluster capacity with initial service terms ranging from 12 to 48 months, for an aggregate amount of $1.2 billion"
    }
   ]
  },
  {
   "i": 30,
   "s": "nscale",
   "b": "Unnamed customer",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": 40,
   "basis": "cap",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Madison, North Carolina: GPU cluster for one customer on a site of up to 40 MW",
   "note": "40 MW is the IT load of the site Nscale leases from WhiteFiber; the customer's name is redacted in the filing and its share is not given.",
   "calc": null,
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.nscale.com/press-releases/nscale-3-billion-delayed-draw-term-loans",
     "p": "Nscale press release",
     "d": "Aug 31, 2026",
     "q": "Madison, North Carolina: A 96-acre colocation site with up to 40 MW of IT load capacity."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-ex10_24.htm",
     "p": "Nscale, Form S-1 Exhibit 10.24: North Carolina credit agreem",
     "d": "Sep 18, 2026",
     "q": "“Customer” shall mean [***]."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2042022/000121390025123321/ea026991801ex99-1_white.htm",
     "p": "WhiteFiber",
     "d": "Dec 18, 2025",
     "q": "Nscale is deploying this capacity to power the AI infrastructure of leading, global investment grade technology customers."
    }
   ]
  },
  {
   "i": 31,
   "s": "nscale",
   "b": "ByteDance",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2024,
   "label": "2,304 GPUs at Glomfjord, Norway",
   "note": "A few megawatts, yet 73% of Nscale's 2025 revenue.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.tomshardware.com/tech-industry/data-centers/filing-reveals-how-bytedance-gained-access-to-over-2-000-nvidia-b200-chips-through-nscales-norway-data-center-singaporean-subsidiary-spring-contributed-73-percent-of-uk-neoclouds-2025-revenue",
     "p": "Tom's Hardware",
     "d": "Sep 23, 2026",
     "q": "This contract allowed Spring to access 2,304 Nvidia B200 chips at Nscale’s Glomfjord, Norway, data center."
    }
   ]
  },
  {
   "i": 32,
   "s": "nscale",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 1350,
   "basis": "gross",
   "tier": null,
   "st": "ended",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Letter of intent for 1.35 GW at Monarch, West Virginia",
   "note": "Microsoft walked away in summer 2026 (Bloomberg); Anthropic then took 460 MW at the campus.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.nscale.com/press-releases/nscale-west-virginia-ai-factory",
     "p": "Nscale press release",
     "d": "Mar 16, 2026",
     "q": "Nscale has signed a letter of intent with Microsoft to provide 1.35 gigawatts of AI compute capacity"
    },
    {
     "u": "https://datacentrereview.com/2026/08/anthropic-reportedly-behind-nscales-45bn-ai-compute-contract/",
     "p": "Data Centre Review",
     "d": "Aug 27, 2026",
     "q": "Bloomberg now reports that Microsoft walked away from that arrangement earlier this summer , making capacity available to Anthropic."
    }
   ]
  },
  {
   "i": 33,
   "s": "nscale",
   "b": "OpenAI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "ended",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Stargate Norway and Stargate UK",
   "note": "OpenAI withdrew in April 2026; Microsoft took the Norwegian capacity.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-20260918.htm",
     "p": "Nscale, Form S-1",
     "d": "Sep 18, 2026",
     "q": "In April 2026, OpenAI withdrew from the Stargate Norway and Stargate UK partnerships, with Microsoft subsequently expanding its agreement with us to take the extra compute capacity at Stargate Norway."
    }
   ]
  },
  {
   "i": 34,
   "s": "nscale",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 700,
   "basis": "gross",
   "tier": null,
   "st": "option",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Option on a 700 MW second phase in Ward County, Texas, from late 2027",
   "note": "The landlord says the whole property could reach about 700 MW.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.nscale.com/press-releases/nscale-microsoft-2025",
     "p": "Nscale press release",
     "d": "Oct 15, 2025",
     "q": "The site is leased from Ionic Digital, and Nscale plans to scale its footprint to 1.2GW over time, with Microsoft holding an option on a second phase of 700MW starting in late 2027."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/0002007691/000118518526003152/ionicdigi424b4072026.htm",
     "p": "Ionic Digital, prospectus on Form 424B4",
     "d": "Jul 20, 2026",
     "q": "Nscale has granted Microsoft an option for additional power at the Ward County property, if it becomes available, starting in the second half of 2027."
    }
   ]
  },
  {
   "i": 35,
   "s": "nebius",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 290,
   "basis": "est",
   "tier": "B",
   "st": "live",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 17.4,
   "usdmax": 19.4,
   "term": 5,
   "year": 2025,
   "label": "Vineland, New Jersey: about $17.4B through 2031",
   "note": "Megawatts are redacted. Microsoft is served only from the New Jersey site, which had 200 MW of power contracted a month before signing and a design capacity of 300 MW, so this estimate is near the ceiling. All tranches were delivered by August 2026.",
   "calc": "$17.4B ÷ 5 yr ÷ $12M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925088312/tm2525580d1_6k.htm",
     "p": "Nebius",
     "d": "Sep 8, 2025",
     "q": "Subject to the satisfaction of the deployment and availability of the GPU Services, the total contract value is about $17.4 billion through 2031. … Microsoft may also acquire additional services and/or capacity under the Agreement, which would increase the total contract value to about $19.4 billion."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925109806/tm2530882d1_ex99-2.htm",
     "p": "Nebius, Q3 2025 letter to shareholders",
     "d": "Nov 11, 2025",
     "q": "We announced that our new hyperscaler customer, Microsoft, will be served exclusively from our New Jersey data center."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925075028/tm2522866d1_ex99-2.htm",
     "p": "Nebius, Q2 2025 letter to shareholders",
     "d": "Aug 7, 2025",
     "q": "now have 200 MW of contracted power that is in active construction in New Jersey, of which 100 MW will be made available this year, with the rest following in 2026."
    },
    {
     "u": "https://nebius.com/newsroom/nebius-accelerates-us-expansion-adding-up-to-300-mw-capacity-at-new-data-center-in-new-jersey",
     "p": "Nebius press release",
     "d": "Mar 5, 2025",
     "q": "The facility is a phased development expandable up to a total capacity of 300 MW, with the first capacity expected to be completed as early as summer 2025."
    }
   ]
  },
  {
   "i": 36,
   "s": "nebius",
   "b": "Meta",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 200,
   "basis": "est",
   "tier": "B",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 14.9,
   "usdmax": 29.9,
   "term": 5,
   "year": 2026,
   "label": "About $2.9B (Nov 2025, delivered) and $12B of Vera Rubin capacity from 2027",
   "note": "Meta also agreed to buy up to $15B of capacity Nebius cannot sell elsewhere; that backstop is not counted.",
   "calc": "$2.9B ÷ 5 yr ÷ $12M + $12B ÷ 5 yr ÷ $16M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926027886/tm268879d1_ex99-1.htm",
     "p": "Nebius press release",
     "d": "Mar 16, 2026",
     "q": "Under the five-year agreement, Nebius will provide $12 billion of dedicated capacity across multiple locations, based on one of the first large-scale deployments of the NVIDIA Vera Rubin platform. … Meta has committed to purchase additional available compute capacity across certain upcoming Nebius clusters up to a total of $15 billion over a five-year period."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/nbis-20251231x20f.htm",
     "p": "Nebius, Form 20-F for FY2025",
     "d": "Apr 30, 2026",
     "q": "The order under the agreement has a total contract value of approximately $2.9 billion."
    }
   ]
  },
  {
   "i": 37,
   "s": "nebius",
   "b": "Reflection AI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 15,
   "basis": "est",
   "tier": "D",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": 1.0,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Multi-year agreement worth more than $1B (Jul 2026)",
   "note": "Term not disclosed; three years assumed, at Nebius's own $20–25M per megawatt-year. Nebius says such contracts run one to three years, so it could be up to 50 MW.",
   "calc": "$1B ÷ 3 yr ÷ $22.5M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
     "p": "Nebius Q2 2026 shareholder letter",
     "d": "Aug 12, 2026",
     "q": "Reflection selected Nebius for a multi-year agreement to train and run its open-source models on our platform … We closed four landmark deals for our AI cloud business, for an average total contract value (TCV) of more than $1 billion each, and a yield of $20-25 million per megawatt."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/ai-startup-reflection-signs-1bn-capacity-agreement-with-nebius/",
     "p": "DatacenterDynamics",
     "d": "Jul 15, 2026",
     "q": "it has a value of more than $1 billion"
    }
   ]
  },
  {
   "i": 38,
   "s": "nebius",
   "b": "Cohere",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 15,
   "basis": "est",
   "tier": "D",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "One of four mid-2026 deals that average more than $1B each",
   "note": "Individual value and term not disclosed. Sized at the four-deal average of $1B, at Nebius's own $20–25M per megawatt-year, over three years; Nebius says such contracts run one to three years, so it could be up to 50 MW.",
   "calc": "$1B ÷ 3 yr ÷ $22.5M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
     "p": "Nebius, Q2 2026 letter to shareholders",
     "d": "Aug 12, 2026",
     "q": "Cohere is partnering with Nebius to support the growth of its agentic AI solutions for enterprises … an average total contract value (TCV) of more than $1 billion each, and a yield of $20-25 million per megawatt."
    }
   ]
  },
  {
   "i": 39,
   "s": "nebius",
   "b": "Unnamed AI lab",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 15,
   "basis": "est",
   "tier": "D",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "One of four mid-2026 deals that average more than $1B each",
   "note": "Individual value and term not disclosed. Sized at the four-deal average of $1B, at Nebius's own $20–25M per megawatt-year, over three years; Nebius says such contracts run one to three years, so it could be up to 50 MW.",
   "calc": "$1B ÷ 3 yr ÷ $22.5M",
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
     "p": "Nebius, Q2 2026 letter to shareholders",
     "d": "Aug 12, 2026",
     "q": "Another US-based AI neolab chose our platform … an average total contract value (TCV) of more than $1 billion each, and a yield of $20-25 million per megawatt."
    }
   ]
  },
  {
   "i": 40,
   "s": "nebius",
   "b": "Unnamed trading firm",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": 15,
   "basis": "est",
   "tier": "D",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "One of four mid-2026 deals that average more than $1B each",
   "note": "Individual value and term not disclosed. Sized at the four-deal average of $1B, at Nebius's own $20–25M per megawatt-year, over three years; Nebius says such contracts run one to three years, so it could be up to 50 MW.",
   "calc": "$1B ÷ 3 yr ÷ $22.5M",
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
     "p": "Nebius, Q2 2026 letter to shareholders",
     "d": "Aug 12, 2026",
     "q": "A large US-based quantitative trading firm represents one of our first large-scale customer wins in financial services. … an average total contract value (TCV) of more than $1 billion each, and a yield of $20-25 million per megawatt."
    }
   ]
  },
  {
   "i": 41,
   "s": "nebius",
   "b": "Higgsfield",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
     "p": "Nebius, Q2 2026 letter to shareholders",
     "d": "Aug 12, 2026",
     "q": "Higgsfield, one of Nebius’s first AI cloud customers, has expanded its usage on the platform by >20x since their first contract."
    }
   ]
  },
  {
   "i": 42,
   "s": "nebius",
   "b": "Revolut",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://nebius.com/newsroom/nebius-expands-in-uk-with-more-nvidia-powered-infrastructure-more-customers-and-more-cloud-capabilities-for-agentic-and-enterprise-ai",
     "p": "Nebius press release",
     "d": "Jun 8, 2026",
     "q": "Revolut, the London-founded global fintech serving more than 75 million customers in 40 markets, has rebuilt its AI stack on Nebius"
    }
   ]
  },
  {
   "i": 43,
   "s": "nebius",
   "b": "1X",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Agreement signed in early 2026; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926059872/tm2614392d1_ex99-2.htm",
     "p": "Nebius, Q1 2026 letter to shareholders",
     "d": "May 13, 2026",
     "q": "In Q1, we signed an agreement with 1X Technologies"
    }
   ]
  },
  {
   "i": 44,
   "s": "fluidstack",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 1000,
   "basis": "min",
   "tier": "S",
   "st": "ramping",
   "cf": "company",
   "k": "hosting",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Data centers in New York, Texas, Louisiana and more, under a $50B program",
   "note": "$50B is the investment program the two announced, not a contract value. \"More than 1 gigawatt\" is due to deploy at Fluidstack sites from mid-2026 (Broadcom). Fluidstack's five US sites hold 1,428 MW; Anthropic is confirmed at one (245 MW) and inferred at two more.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-apollo-and-blackstone-establish-landmark-strategic",
     "p": "Broadcom",
     "d": "Jun 9, 2026",
     "q": "to facilitate Anthropic's previously-announced capacity expansion of more than 1 gigawatt of compute infrastructure … expected to deploy in Fluidstack-based sites starting in mid-2026."
    },
    {
     "u": "https://finance.yahoo.com/sectors/technology/articles/apollo-blackstone-back-anthropics-35-155215932.html",
     "p": "Reuters",
     "d": "Jun 9, 2026",
     "q": "The capacity is expected to be deployed at Fluidstack-operated sites beginning mid-2026"
    },
    {
     "u": "https://www.anthropic.com/news/anthropic-invests-50-billion-in-american-ai-infrastructure",
     "p": "Anthropic",
     "d": "Nov 12, 2025",
     "q": "Today, we are announcing a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York, with more sites to come."
    },
    {
     "u": "https://canada.hut8.com/resources/press-releases/hut-8-announces-ai-infrastructure-partnership-with-anthropic-and-fluidstack",
     "p": "Hut 8",
     "d": "Dec 17, 2025",
     "q": "Hut 8 will develop and deliver at least 245 megawatts (MW) and up to 2,295 MW of AI data center infrastructure for Anthropic, leveraging high-performance clusters operated by Fluidstack."
    }
   ]
  },
  {
   "i": 45,
   "s": "fluidstack",
   "b": "Mistral AI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 40,
   "basis": "gross",
   "tier": "C",
   "st": "signed",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Bruyères-le-Châtel, France: cluster at a 40 MW site, announced March 2025",
   "note": "Mistral later financed its own chips for the site, due online in mid-2026. Fluidstack's continuing role is not reported.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.linformaticien.com/magazine/tendances/941-ia/63127-fluidstack-et-mistral-ai-deploient-un-cluster-d-ia-en-essonne.html",
     "p": "L'Informaticien",
     "d": "Mar 3, 2025",
     "q": "L'infrastructure dédiée à l’intelligence artificielle installée à Bruyères-le-Châtel (Essonne) commencera à une puissance de 40 mégawatts avant de grimper progressivement à 100."
    },
    {
     "u": "https://techcrunch.com/2026/04/14/ai-datacenter-startup-fluidstack-in-talks-for-1b-round-at-18b-valuation-months-after-hitting-7-5b-says-report/",
     "p": "TechCrunch",
     "d": "Apr 14, 2026",
     "q": "Prior to the deal with Anthropic, Fluidstack was probably best known for providing infrastructure to Mistral."
    },
    {
     "u": "https://thenextweb.com/news/mistral-ai-830m-debt-data-centre-paris",
     "p": "The Next Web",
     "d": "Mar 30, 2026",
     "q": "to fund the purchase of 13,800 Nvidia chips for a major data centre near Paris … The facility, located at Bruyères-le-Châtel south of Paris, is expected to come online in the second quarter of 2026."
    }
   ]
  },
  {
   "i": 46,
   "s": "fluidstack",
   "b": "Meta",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named as a customer (Forbes, Sep 2026); size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.forbes.com.au/?p=205341",
     "p": "Forbes (Iain Martin)",
     "d": "Sep 3, 2026",
     "q": "Fluidstack has other customers too: Meta, Jane Street and Black Forest Labs."
    }
   ]
  },
  {
   "i": 47,
   "s": "fluidstack",
   "b": "Black Forest Labs",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named as a customer (Forbes, Sep 2026); size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.forbes.com.au/?p=205341",
     "p": "Forbes (Iain Martin)",
     "d": "Sep 3, 2026",
     "q": "Fluidstack has other customers too: Meta, Jane Street and Black Forest Labs."
    }
   ]
  },
  {
   "i": 48,
   "s": "fluidstack",
   "b": "Jane Street",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named as a customer (Forbes, Sep 2026); size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.forbes.com.au/?p=205341",
     "p": "Forbes (Iain Martin)",
     "d": "Sep 3, 2026",
     "q": "Fluidstack has other customers too: Meta, Jane Street and Black Forest Labs."
    }
   ]
  },
  {
   "i": 49,
   "s": "fluidstack",
   "b": "France (state MoU)",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": 1000,
   "basis": "gross",
   "tier": null,
   "st": "ended",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "1 GW French supercomputer campus",
   "note": "Fluidstack reportedly withdrew in March 2026 to focus on the US.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.datacenterdynamics.com/en/news/gpu-cloud-provider-fluidstack-signs-mou-for-1gw-ai-supercomputer-in-france/",
     "p": "DatacenterDynamics",
     "d": "Feb 18, 2025",
     "q": "The facility set to house the system will offer 1GW of dedicated AI compute"
    }
   ]
  },
  {
   "i": 50,
   "s": "lambda",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 350,
   "basis": "gross",
   "tier": "A",
   "st": "signed",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": 35.0,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "About 350 MW at Hut 8's Beacon Point campus, Texas; $35B (WSJ, Reuters)",
   "note": "No party has confirmed it. Nvidia reportedly holds the lease on the building. First power is due in early 2027.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.bicmagazine.com/departments/AI-Infrastructure/anthropic-signs-35b-ai-cloud-deal-tied-to-texas-data-center/",
     "p": "Reuters",
     "d": "Sep 1, 2026",
     "q": "Anthropic has signed a cloud-computing deal worth $35 billion with Lambda, a cloud provider backed by Nvidia, for a Texas data center, a source familiar with the matter said."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/anthropic-signs-35bn-cloud-agreement-with-lambda-report/",
     "p": "DatacenterDynamics",
     "d": "Sep 1, 2026",
     "q": "the agreement pertains to 350MW of capacity at a data center under development in Nueces County, Texas."
    }
   ]
  },
  {
   "i": 51,
   "s": "lambda",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 30,
   "basis": "est",
   "tier": "C",
   "st": "ramping",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": 1.5,
   "usdmax": null,
   "term": 4,
   "year": 2025,
   "label": "Nvidia rents back about 18,000 of its own GPUs for $1.5B over four years (The Information)",
   "note": "",
   "calc": "$1.5B ÷ 4 yr ÷ $12M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.datacenterdynamics.com/en/news/nvidia-signs-15bn-deal-to-lease-its-gpus-back-from-lambda-report/",
     "p": "DatacenterDynamics",
     "d": "Sep 8, 2025",
     "q": "this is further broken down into $1.3bn for 10,000 GPUs, and $200 million for 8,000 GPUs"
    }
   ]
  },
  {
   "i": 52,
   "s": "lambda",
   "b": "Unnamed customer",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": 24,
   "basis": "gross",
   "tier": "D",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Kansas City: a 24 MW site dedicated to one customer",
   "note": "",
   "calc": null,
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://lambda.ai/blog/lambda-to-build-a-100mw-ai-factory-in-kansas-city-mo",
     "p": "Lambda",
     "d": "Oct 28, 2025",
     "q": "The site is expected to launch in early 2026 with 24MW of capacity, and the potential to scale up to more than 100MW in the future."
    }
   ]
  },
  {
   "i": 53,
   "s": "lambda",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "ramping",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "\"Multibillion-dollar\" agreement (Nov 2025); no value or megawatts",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://lambda.ai/blog/lambda-announces-multibillion-dollar-agreement-with-microsoft-to-deploy-ai-infrastructure-powered-by-tens-of-thousands-of-nvidia-gpus",
     "p": "Lambda",
     "d": "Nov 3, 2025",
     "q": "today announced a multibillion-dollar agreement with Microsoft to deploy AI infrastructure powered by tens of thousands of NVIDIA GPUs, including NVIDIA GB300 NVL72 systems."
    }
   ]
  },
  {
   "i": 54,
   "s": "lambda",
   "b": "Hudson River Trading",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://lambda.ai/blog/lambda-partners-with-hudson-river-trading-to-power-quantitative-research-and-development",
     "p": "Lambda",
     "d": "May 20, 2026",
     "q": "Lambda is providing HRT access to NVIDIA accelerated computing infrastructure, including NVIDIA HGX B200 systems, advanced networking, storage, and orchestration"
    }
   ]
  },
  {
   "i": 55,
   "s": "iren",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 200,
   "basis": "it",
   "tier": "B",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 9.7,
   "usdmax": null,
   "term": 5,
   "year": 2025,
   "label": "Childress, Texas: 200 MW of critical IT, $9.7B over five years",
   "note": "First 50 MW delivered on Aug 13 2026; the other three 50 MW halls are targeted for late 2026.",
   "calc": null,
   "live": 50,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_ex99-1.htm",
     "p": "IREN press release",
     "d": "Nov 3, 2025",
     "q": "IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately $9.7 billion, including a 20% prepayment. … new liquid-cooled data centers that will collectively support 200MW of critical IT load (Horizon 1–4)"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126032638/ef20080141_ex99-1.htm",
     "p": "IREN Limited",
     "d": "Aug 13, 2026",
     "q": "Horizon 1 is the first of four 50MW (IT load) direct-to-chip liquid cooled AI Cloud deployments scheduled for delivery to Microsoft at IREN’s Childress, Texas campus in 2026 under a five-year, $9.7bn cloud services contract announced in November 2025."
    }
   ]
  },
  {
   "i": 56,
   "s": "iren",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 60,
   "basis": "gross",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 3.4,
   "usdmax": null,
   "term": 5,
   "year": 2026,
   "label": "$3.4B over five years for Nvidia's own research, in 60 MW of existing Childress data centers",
   "note": "The 60 MW is the size of the halls the systems go into.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm",
     "p": "IREN Form 10-K (FY ended June 30, 2026)",
     "d": "Aug 27, 2026",
     "q": "In May 2026, we entered into a five-year cloud services contract with NVIDIA to support its internal AI and research workloads representing approximately $3.4 billion of total contract value."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm",
     "p": "IREN Q3 FY26 results press release",
     "d": "May 7, 2026",
     "q": "Deploying within 60MW of existing data centers at Childress"
    }
   ]
  },
  {
   "i": 57,
   "s": "iren",
   "b": "Prometheus, Perplexity",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Among the AI developers behind $2.8B of contracts signed in July 2026; no split given",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm",
     "p": "IREN Form 10-K (FY ended June 30, 2026)",
     "d": "Aug 27, 2026",
     "q": "In July 2026, we entered into multi-year cloud services contracts with leading AI developers including Prometheus, Perplexity and Together AI, representing approximately $2.8 billion in aggregate total contract value."
    }
   ]
  },
  {
   "i": 58,
   "s": "iren",
   "b": "Together AI",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Among the AI developers behind $2.8B of contracts signed in July 2026; no split given",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm",
     "p": "IREN Form 10-K (FY ended June 30, 2026)",
     "d": "Aug 27, 2026",
     "q": "In July 2026, we entered into multi-year cloud services contracts with leading AI developers including Prometheus, Perplexity and Together AI, representing approximately $2.8 billion in aggregate total contract value."
    }
   ]
  },
  {
   "i": 59,
   "s": "iren",
   "b": "Unnamed AI lab",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Multi-year contract (Aug 2026); size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm",
     "p": "IREN Form 10-K (FY ended June 30, 2026)",
     "d": "Aug 27, 2026",
     "q": "In August 2026, we entered into a multi-year cloud services contract with a leading frontier AI lab."
    }
   ]
  },
  {
   "i": 60,
   "s": "firmus",
   "b": "OpenAI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 398,
   "basis": "cap",
   "tier": "A",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Anchor customer of two Kuala Lumpur sites (192 MW and 206 MW)",
   "note": "398 MW is the capacity of the two sites; OpenAI's share is not disclosed.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://firmus.co/newsroom/firmus-surpasses-900-mw-contracted-capacity-adds-openai-as-anchor-customer-and-expands-into-malaysia",
     "p": "Firmus",
     "d": "Sep 8, 2026",
     "q": "a multi-year strategic partnership under which OpenAI will contract dedicated AI compute capacity from two Firmus AI Factory sites in Malaysia."
    },
    {
     "u": "https://www.startupdaily.net/topic/asx/firmus-will-spend-4-4-billion-on-servers-and-deployment-from-asx-raise/",
     "p": "Startup Daily",
     "d": "Oct 7, 2026",
     "q": "Two Kuala Lumpur projects, designated KVTP and SVTP, would provide 192MW and 206MW respectively, with completion dates of 2027 for the former and latter spanning 2027-28."
    }
   ]
  },
  {
   "i": 61,
   "s": "firmus",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 360,
   "basis": "gross",
   "tier": "A",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": 25.0,
   "usdmax": 30.0,
   "term": 6,
   "year": 2026,
   "label": "Batam, Indonesia: 360 MW campus that Nvidia backs with credit support and a revenue share, through 2034",
   "note": "Nvidia commits to pay for the capacity and Firmus sells it on; each sale reduces Nvidia's commitment. Meta and Fireworks AI have contracted part of it, sizes not given. Firmus expects $25–30B from committed offtake in six years. Reports since August say Nvidia has paused or is reworking deals of this kind.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://firmus.co/newsroom/firmus-to-build-170-000-gpu-ai-factor-y-campus-with-nvidia-for-global-ai-natives",
     "p": "Firmus",
     "d": "Jun 28, 2026",
     "q": "a strategic compute partnership with NVIDIA running through 2034, anchored by a dedicated 360 MW NVIDIA DSX AI Factory campus in Batam, Indonesia. … This new partnership enables Firmus to procure NVIDIA infrastructure for AI-Native, enterprise and ISV customers, through economic alignment with a revenue-sharing and credit-support model. … Based on customer commitments, Firmus expects to receive between US$25 and US$30 billion from committed offtake agreements during the first six years of the partnership."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm",
     "p": "Nvidia Form 10-Q (quarter ended Jul 26, 2026)",
     "d": "Aug 26, 2026",
     "q": "Under these agreements, AI clouds procure our data center infrastructure products and we commit to cloud service agreements, which the AI clouds can unilaterally stop providing to us and sell to third-party customers at more advantageous rates."
    }
   ]
  },
  {
   "i": 62,
   "s": "firmus",
   "b": "Meta",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 42,
   "basis": "gross",
   "tier": "C",
   "st": "live",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Melbourne: 42 MW of GB300 systems, operating",
   "note": "In September 2026 Meta also signed for capacity in Southeast Asia, reported to be one of three AI factories planned at Batam; size not given.",
   "calc": null,
   "live": 42,
   "und": false,
   "src": [
    {
     "u": "https://firmus.co/newsroom/firmus-and-meta-announce-strategic-ai-infrastructure-agreements-across-asia-pacific",
     "p": "Firmus",
     "d": "Sep 28, 2026",
     "q": "As an existing Firmus customer in Australia, Meta is already using NVIDIA GB300 NVL72 systems at Firmus’ Melbourne AI factory, the largest deployment of NVIDIA Blackwell Ultra systems in the Southern Hemisphere. … strategic AI infrastructure agreements for GPU compute capacity at Firmus AI factories in Southeast Asia built on NVIDIA’s full-stack DSX platform."
    },
    {
     "u": "https://www.startupdaily.net/topic/asx/firmus-will-spend-4-4-billion-on-servers-and-deployment-from-asx-raise/",
     "p": "Startup Daily",
     "d": "Oct 7, 2026",
     "q": "Firmus says it has 46MW of operational capacity across Singapore and Melbourne, including its 42MW installation at CDC’s Brooklyn facility serving Meta. Five new development projects will add another 865MW. … already using the Melbourne Firmus installation and contracting capacity at its 360MW Batam development in Indonesia. Fireworks also contracted a portion of Batam, where Nvidia is a development collaborator."
    },
    {
     "u": "https://www.capitalbrief.com/article/new-meta-deal-adds-750m-to-firmus-ipo-earnings-pitch-b9237789-d6f4-4f88-8b5a-f586a410526b/",
     "p": "Capital Brief",
     "d": "Sep 29, 2026",
     "q": "The Facebook parent will take over one of Firmus’ three planned Batam-based AI factories, adding an estimated 15% to earnings."
    }
   ]
  },
  {
   "i": 63,
   "s": "firmus",
   "b": "Fireworks AI",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://firmus.co/newsroom/fireworks-partners-with-firmus-ai-cloud-to-scale-specialized-intelligence",
     "p": "Firmus",
     "d": "Aug 11, 2026",
     "q": "Firmus Technologies announces a multi-year agreement with Fireworks, the specialized intelligence company deploying on Firmus’ Asia-based AI Cloud Region offering."
    }
   ]
  },
  {
   "i": 64,
   "s": "sharon",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 72,
   "basis": "gross",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": 4.9,
   "term": 6,
   "year": 2026,
   "label": "72 MW AI factory in Australia, up to $4.9B over six years",
   "note": "Nvidia is the paying customer but will hardly use the capacity itself: Sharon AI sells it to third parties and shares the revenue.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226036254/ex99-1.htm",
     "p": "Sharon AI",
     "d": "Aug 6, 2026",
     "q": "$4.9bn, six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226039475/forms-1a.htm",
     "p": "Sharon AI",
     "d": "Aug 20, 2026",
     "q": "we entered into an agreement with NVIDIA to deploy 72MW AI factory and up to 40,000 Grace Blackwell GB300 GPUs in Australia. … Our customer contract with a significant customer contemplates that such customer will have little to no access to or use of the services unless they are not fully utilized Third Parties."
    }
   ]
  },
  {
   "i": 65,
   "s": "sharon",
   "b": "ESDS",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": 16,
   "basis": "est",
   "tier": "D",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 1.25,
   "usdmax": null,
   "term": 5,
   "year": 2026,
   "label": "$1.25B over five years for an 8,000-GPU cluster",
   "note": "",
   "calc": "$1.25B ÷ 5 yr ÷ $16M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226039475/forms-1a.htm",
     "p": "Sharon AI",
     "d": "Aug 20, 2026",
     "q": "US$1.25 billion TCV AI infrastructure agreement with ESDS Software Solutions Ltd. The customer has an option to extend for an additional 2 years."
    }
   ]
  },
  {
   "i": 66,
   "s": "sharon",
   "b": "Unnamed AI lab",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 14,
   "basis": "gross",
   "tier": "D",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 1.32,
   "usdmax": null,
   "term": 5,
   "year": 2026,
   "label": "New Zealand: 14 MW, $1.32B over five years, from 2027",
   "note": "",
   "calc": null,
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226033457/ex99-1.htm",
     "p": "Sharon AI",
     "d": "Jul 16, 2026",
     "q": "Lab valued at US$1.32 Billion over five years."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226036377/form10-q.htm",
     "p": "Sharon AI",
     "d": "Aug 6, 2026",
     "q": "secured additional data center capacity in New Zealand for 14MW to support the deployment of cloud computing infrastructure under a long-term customer service agreement with commencement expected in Q1 2027."
    }
   ]
  },
  {
   "i": 67,
   "s": "sharon",
   "b": "Unnamed tech company",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": 12,
   "basis": "est",
   "tier": "D",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 0.95,
   "usdmax": null,
   "term": 5,
   "year": 2026,
   "label": "About $950M over five years; first deployment accepted Aug 2026",
   "note": "",
   "calc": "$0.95B ÷ 5 yr ÷ $16M",
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226039475/forms-1a.htm",
     "p": "Sharon AI",
     "d": "Aug 20, 2026",
     "q": "an additional customer contract with a global technology company with major Asia-pacific presence with an aggregate total contract value of approximately $950 million."
    }
   ]
  },
  {
   "i": 68,
   "s": "rum",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 95,
   "basis": "est",
   "tier": "C",
   "st": "signed",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": 9.1,
   "usdmax": 13.7,
   "term": 6,
   "year": 2026,
   "label": "Maysville, Georgia: $13.7B of GPU services in three equal tranches over six years, two of them firm",
   "note": "The third tranche binds the customer only once it approves the delivery date, so megawatts are sized on two. The filing gives the value but not the customer; The Information names Anthropic.",
   "calc": "$9.13B ÷ 6 yr ÷ $16M",
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1830081/000121390026092801/ea0303131-8k_rumgroup.htm",
     "p": "RUM Group",
     "d": "Aug 24, 2026",
     "q": "the Customer has agreed to purchase GPU services at the Company’s Maysville, GA site in three tranches representing a total order value of approximately $13.7 billion spread evenly across the three tranches … provided that, with respect to the third tranche, the Customer must first review and, if acceptable to the Customer in its reasonable discretion, approve the Company’s proposed delivery date for such third tranche for any obligations or liabilities with respect to such tranche to apply."
    },
    {
     "u": "https://www.techmeme.com/260913/p16",
     "p": "The Information (headline as carried by Techmeme)",
     "d": "Sep 13, 2026",
     "q": "Source: Anthropic has signed a $13.7B, six-year deal to lease compute from Rum Group's upcoming Georgia data center; Rum operates Rumble and hosts Truth Social"
    }
   ]
  },
  {
   "i": 69,
   "s": "rum",
   "b": "Together AI",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "pass",
   "usd": 0.27,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "$270M multi-year contract for B300 capacity (Jun 2026)",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1830081/000121390026069733/ea029508101ex99-1.htm",
     "p": "Rumble",
     "d": "Jun 17, 2026",
     "q": "multi-year agreement with Together AI with a $270 million total contract value for dedicated GPU cloud capacity powered by NVIDIA Blackwell B300 systems"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1830081/000121390026065051/ea0293603-8k_rumble.htm",
     "p": "Rumble",
     "d": "Jun 4, 2026",
     "q": "entered into a multi-year, $270 million agreement with a third party cloud customer, representing Rumble’s largest customer commitment to date"
    }
   ]
  },
  {
   "i": 70,
   "s": "volta",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 121,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": 10.0,
   "usdmax": null,
   "term": 6,
   "year": 2026,
   "label": "Tydal, Norway: 121 MW of Vera Rubin capacity, $10B over six years",
   "note": "Volta says only \"an AI lab\"; Bloomberg names Anthropic.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://volta.com/news/volta-launches-the-utility-of-compute/",
     "p": "Volta",
     "d": "Aug 4, 2026",
     "q": "Located in Norway, the project will comprise a 133 MW deployment powered by NVIDIA Vera Rubin systems."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1899123/000121390026085655/ea030075201ex99-1.htm",
     "p": "Bitdeer press release",
     "d": "Aug 4, 2026",
     "q": "the entire 121 IT MW will be configured to run NVIDIA GPUs for the end customer, a leading AI lab"
    },
    {
     "u": "https://qz.com/anthropic-volta-infra-computing-deal-10-billion-080426",
     "p": "Quartz",
     "d": "Aug 4, 2026",
     "q": "Anthropic has signed a $10 billion, six-year agreement to use computing capacity from Volta Infra Holdings"
    }
   ]
  },
  {
   "i": 71,
   "s": "akamai",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 13.4,
   "usdmax": null,
   "term": 7,
   "year": 2026,
   "label": "$11.6B committed in September 2026, plus a $1.8B commitment of May 2026 that Bloomberg attributes to Anthropic; seven-year terms",
   "note": "The September plans are for CPU workloads and could expand by up to $9B. Not sized in megawatts: the dollar rule here is calibrated on GPU contracts.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1086222/000119312526401048/d288154d8k.htm",
     "p": "Akamai",
     "d": "Sep 24, 2026",
     "q": "Anthropic has committed to pay the Company approximately $11.6 billion in the aggregate under the Project Plans. Each Project Plan has an initial seven-year term commencing on their respective service start dates."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1086222/000119312526401048/d288154dex991.htm",
     "p": "Akamai",
     "d": "Sep 24, 2026",
     "q": "The transaction provides for the potential expansion of the relationship by up to an additional $9 billion, which represents a total potential commitment of approximately $20 billion … Anthropic to leverage Akamai Cloud’s distributed infrastructure and software to support CPU workload growth at scale"
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/anthropic-signs-18bn-cloud-contract-with-akamai-report/",
     "p": "DatacenterDynamics",
     "d": "May 11, 2026",
     "q": "a landmark seven-year $1.8 billion commitment for our cloud infrastructure services by a leading frontier model company … the contract is valued at $1.8 billion and will run for seven years."
    }
   ]
  },
  {
   "i": 72,
   "s": "chronoscale",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 50,
   "basis": "gross",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": 3,
   "year": 2026,
   "label": "Planned deployment of about 50 MW of GB300 systems",
   "note": "Signed for two years in August 2026 and extended to three.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1549084/000162828026058018/chrn-20260531.htm",
     "p": "ChronoScale Form 10-K (FY ended May 31, 2026)",
     "d": "Aug 19, 2026",
     "q": "On August 6, 2026, we entered into a two-year strategic partnership with Microsoft to support the planned deployment of approximately 50 megawatts of AI compute capacity."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1549084/000149315226040398/form8-k.htm",
     "p": "ChronoScale",
     "d": "Aug 27, 2026",
     "q": "The Company and Microsoft have agreed to extend the term from two years to three years."
    }
   ]
  },
  {
   "i": 73,
   "s": "chronoscale",
   "b": "Together AI",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 14,
   "basis": "cap",
   "tier": "D",
   "st": "live",
   "cf": "filing",
   "k": "compute",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2023,
   "label": "Sole cloud customer, across three colocation sites of about 14 MW in total",
   "note": "14 MW is everything ChronoScale rents; it says it has room beyond what Together AI has contracted.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1549084/000162828026058018/chrn-20260531.htm",
     "p": "ChronoScale Form 10-K (FY ended May 31, 2026)",
     "d": "Aug 19, 2026",
     "q": "As of May 31, 2026, Cloud had one customer, Together AI, which utilizes GPU capacity across all three of our colocation centers … We currently rent colocation centers with approximately 14 megawatts (“MW”) in total capacity spread across three colocations, all of which currently serve our existing customer."
    }
   ]
  },
  {
   "i": 74,
   "s": "yotta",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 16,
   "basis": "est",
   "tier": "D",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": 1.0,
   "usdmax": null,
   "term": 4,
   "year": 2026,
   "label": "More than $1B over four years for a DGX Cloud cluster",
   "note": "",
   "calc": "$1B ÷ 4 yr ÷ $16M",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://yotta.com/press-releases/yotta-to-deploy-20000-nvidia-blackwell-ultra-gpus/",
     "p": "Yotta Data Services",
     "d": "Feb 18, 2026",
     "q": "Signs a four-year, over $1 Bn engagement with NVIDIA to establish one of APAC's largest DGX Cloud Clusters in Yotta's supercluster"
    }
   ]
  },
  {
   "i": 75,
   "s": "axe",
   "b": "Unnamed customer",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": 19,
   "basis": "est",
   "tier": "D",
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 1.5,
   "usdmax": null,
   "term": 5,
   "year": 2026,
   "label": "$1.5B over five years for more than 9,200 B300 GPUs",
   "note": "",
   "calc": "$1.5B ÷ 5 yr ÷ $16M",
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1446159/000117184326004883/f8k_072726.htm",
     "p": "Axe Compute",
     "d": "Jul 27, 2026",
     "q": "has secured a new five-year customer agreement with total contract value of over $1.5 billion to deploy a dedicated AI infrastructure cluster in the United States"
    }
   ]
  },
  {
   "i": 76,
   "s": "axe",
   "b": "Other unnamed customers",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 1.3,
   "usdmax": null,
   "term": 5,
   "year": 2026,
   "label": "More than $1.3B of further contracts in the US and Europe (Jul 2026)",
   "note": "",
   "calc": null,
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1446159/000117184326004814/exh_991.htm",
     "p": "Axe Compute press release",
     "d": "Jul 22, 2026",
     "q": "today announced more than $1.3 billion in new customer contracts across the United States and Europe"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1446159/000117184326005556/agpu20260630_10q.htm",
     "p": "Axe Compute Form 10-Q for the quarter ended 30 June 2026",
     "d": "Aug 14, 2026",
     "q": "In July 2026, we secured three new customer contracts with a total contract value of more than $2.8 billion across the United States and Europe."
    }
   ]
  },
  {
   "i": 77,
   "s": "corz",
   "b": "CoreWeave",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 590,
   "basis": "it",
   "tier": "A",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 10.0,
   "usdmax": null,
   "term": 12,
   "year": 2024,
   "label": "About 590 MW across five sites; more than $10B over 12 years",
   "note": "The Wall Street Journal reports the Denton, Texas site serves OpenAI.",
   "calc": null,
   "live": 437,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/q2fy26earningsdeck728am.htm",
     "p": "Core Scientific Q2 2026 earnings presentation",
     "d": "Jul 28, 2026",
     "q": "CoreWeave Contract Summary ~590MW infrastructure ~800MW gross $10B+ in revenue potential over the contracts’ term"
    },
    {
     "u": "https://finance.yahoo.com/news/summer-weather-delayed-coreweave-denton-161453750.html",
     "p": "Yahoo Finance",
     "d": "Dec 16, 2025",
     "q": "a Denton, Texas site that CoreWeave plans to energize in 2026 to provide AI computing to OpenAI"
    }
   ]
  },
  {
   "i": 78,
   "s": "corz",
   "b": "AMD",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 377,
   "basis": "it",
   "tier": "A",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": 15,
   "year": 2026,
   "label": "Pecos and Hunt County, Texas, and Muskogee, Oklahoma: 377 MW from 2027",
   "note": "AMD says the capacity is for its customers' deployments. This lease and the neocloud lease below are worth more than $14B together; AMD's 10-Q reports $9.5B of long-term data-center leases signed in the period. AMD also reserved rights over 1,925 MW more.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/core-20260727.htm",
     "p": "Core Scientific",
     "d": "Jul 28, 2026",
     "q": "for an aggregate of 377 MW of critical IT capacity at the Company’s Pecos, TX; Muskogee, OK; and Hunt County, TX sites"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/amdpr.htm",
     "p": "Core Scientific and AMD joint press release",
     "d": "Jul 28, 2026",
     "q": "AMD secures more than 500 megawatts of U.S. capacity to support end customer deployments beginning in 2027, with the ability to expand up to 2.5 gigawatts"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2488/000000248826000123/amd-20260627.htm",
     "p": "AMD Form 10-Q (quarter ended Jun 27, 2026)",
     "d": "Aug 5, 2026",
     "q": "Subsequent to June 27, 2026, the Company entered into long-term data center leases with aggregate future payments of $9.5 billion over lease terms of up to 16 years and these leases are expected to commence in 2027 and 2028."
    }
   ]
  },
  {
   "i": 79,
   "s": "corz",
   "b": "Unnamed neocloud",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 152,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": 15,
   "year": 2026,
   "label": "Auburn, Alabama and Dalton, Georgia: 152 MW, with AMD credit support",
   "note": "",
   "calc": null,
   "live": 0,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/core-20260727.htm",
     "p": "Core Scientific",
     "d": "Jul 28, 2026",
     "q": "with a Neocloud (“Neocloud”), for 152 MW of critical IT capacity at the Company’s Auburn, AL and Dalton Phase 3, GA sites"
    }
   ]
  },
  {
   "i": 80,
   "s": "corz",
   "b": "CoreWeave",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "ended",
   "cf": "filing",
   "k": "other",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "CoreWeave's all-stock takeover of Core Scientific",
   "note": "Shareholders voted it down on Oct 30 2025.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1839341/000162828026013305/core-20251231.htm",
     "p": "Core Scientific Form 10-K (FY 2025)",
     "d": "Mar 2, 2026",
     "q": "On October 30, 2025, the Company terminated the Merger Agreement in accordance with its terms following Company stockholder rejection of the terms of the Merger Agreement at a special meeting of stockholders"
    }
   ]
  },
  {
   "i": 81,
   "s": "apld",
   "b": "Unnamed hyperscaler",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 810,
   "basis": "it",
   "tier": "A",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": 20.2,
   "usdmax": null,
   "term": 15,
   "year": 2026,
   "label": "Louisiana 300 MW, Oliver County (North Dakota) 300 MW, Alabama 210 MW; deliveries 2027–2028",
   "note": "",
   "calc": null,
   "live": 0,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000036/apld_deltaforgexprxfinal.htm",
     "p": "Applied Digital press release",
     "d": "Apr 23, 2026",
     "q": "This lease represents approximately $7.5 billion in total contracted value over an estimated 15-year lease term and covers 300 megawatts (MW) of critical IT load"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm",
     "p": "Applied Digital Form 10-K (FY ended May 31, 2026)",
     "d": "Jul 29, 2026",
     "q": "The aggregate 300 MW of critical IT load is contracted under two approximately 15-year leases (with three five-year renewal options) with a high investment-grade hyperscaler, representing approximately $7.5 billion of contracted revenue over the base term"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000149315226027984/ex99-1.htm",
     "p": "Applied Digital press release",
     "d": "Jun 8, 2026",
     "q": "The agreement covers 210 MW of critical IT load under a 15-year take-or-pay structure with renewal options, representing approximately $5.2 billion in base-term contracted revenue, or approximately $12.7 billion if all renewal options are exercised over a 30-year total term."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/apldq127earningsrelease.htm",
     "p": "Applied Digital fiscal Q1 2027 results press release",
     "d": "Oct 7, 2026",
     "q": "Polaris Forge 1 is leased to CoreWeave, Polaris Forge 2 to an investment-grade hyperscaler, and Delta Forge 1, Polaris Forge 3, and Delta Forge 2 to a tier-one investment-grade hyperscaler."
    }
   ]
  },
  {
   "i": 82,
   "s": "apld",
   "b": "CoreWeave",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 400,
   "basis": "it",
   "tier": "A",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 11.0,
   "usdmax": null,
   "term": 15,
   "year": 2025,
   "label": "Ellendale, North Dakota: 400 MW, about $11.0B over 15 years",
   "note": "250 MW was operating on Oct 1 2026.",
   "calc": null,
   "live": 250,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm",
     "p": "Applied Digital Form 10-K (FY ended May 31, 2026)",
     "d": "Jul 29, 2026",
     "q": "Polaris Forge 1 | CoreWeave | 400 MW | 15 years | ~$11.0B | 2H25–1H27"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000057/apldq127earningsrelease.htm",
     "p": "Applied Digital fiscal Q1 2027 earnings release",
     "d": "Oct 7, 2026",
     "q": "achieved Ready for Service for the second 75 MW phase of Building 2 at Polaris Forge 1, bringing fully operational critical IT load at the campus to 250 MW across two buildings and 10 data halls"
    }
   ]
  },
  {
   "i": 83,
   "s": "apld",
   "b": "Another unnamed hyperscaler",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 200,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": 5.0,
   "usdmax": null,
   "term": 15,
   "year": 2025,
   "label": "Harwood, North Dakota: 200 MW, about $5.0B over 15 years",
   "note": "",
   "calc": null,
   "live": 0,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm",
     "p": "Applied Digital Form 10-K (FY ended May 31, 2026)",
     "d": "Jul 29, 2026",
     "q": "Polaris Forge 2 | Investment-grade hyperscaler | 200 MW | 15 years | ~$5.0B | 2H26–1H27"
    }
   ]
  },
  {
   "i": 84,
   "s": "galaxy",
   "b": "CoreWeave",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 526,
   "basis": "it",
   "tier": "A",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": 15,
   "year": 2025,
   "label": "Helios, Texas: three 15-year leases, 526 MW critical IT on 800 MW gross",
   "note": "Phase II alone carries $10.4B of minimum lease payments.",
   "calc": null,
   "live": 133,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000091/glxy-20260630.htm",
     "p": "Galaxy Digital Form 10-Q (Q2 2026)",
     "d": "Aug 10, 2026",
     "q": "has developed the first 133 megawatts (“MW”) of critical IT load, utilizing approximately 200 MW of gross power capacity, for CoreWeave, Inc. (“CoreWeave”) under a 15-year lease agreement (the “Lease Agreement”) entered into in April 2025"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000068/launch8-kexhibit99172226.htm",
     "p": "Galaxy Helios Data Centers II notes-offering presentation",
     "d": "Jul 22, 2026",
     "q": "Developing Project Speed Phase II (400 Gross MW / 260 MW Critical IT Load), leased to CoreWeave … $10.4Bn (3) (5) Minimum Contracted Lease Payments"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000016/glxy-20251231.htm",
     "p": "Galaxy Digital Form 10-K (FY 2025)",
     "d": "Feb 26, 2026",
     "q": "we entered into the Phase II (the “Phase II Lease”) and Phase III (the “Phase III Lease”) lease agreements pursuant to such options in August 2025 and January 2026, respectively"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000084/glxy-20260630xpressrelease.htm",
     "p": "Galaxy Q2 2026 results press release",
     "d": "Aug 5, 2026",
     "q": "Reflects anticipated average annual revenue across the full 526MW of contracted critical IT load over the lease term."
    }
   ]
  },
  {
   "i": 85,
   "s": "wulf",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 401,
   "basis": "it",
   "tier": "A",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": 19.0,
   "usdmax": 33.0,
   "term": 20,
   "year": 2026,
   "label": "Hawesville, Kentucky: 401 MW, about $19B over 20 years, from late 2027",
   "note": "",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "Under the Anthropic HPC Lease, the Company will provide Anthropic with approximately 401 MW of critical IT load at the Justified Data Campus. The Anthropic HPC Lease has an initial term of 20 years"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000110465926080583/tm2619468d1_ex99-1.htm",
     "p": "TeraWulf",
     "d": "Jul 6, 2026",
     "q": "The lease is expected to generate approximately $19 billion of contracted lease revenue over the initial term and is expected to be supported by an investment-grade credit."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/a_wulfearningsreleaseq22026.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "The lease represents approximately $19 billion of contracted revenue over the initial term and up to approximately $33 billion if Anthropic exercises both five-year extension options."
    }
   ]
  },
  {
   "i": 86,
   "s": "wulf",
   "b": "Fluidstack",
   "bt": "neo",
   "user": "Anthropic",
   "uq": "inferred",
   "mw": 378,
   "basis": "it",
   "tier": "A",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 7.2,
   "usdmax": null,
   "term": 10,
   "year": 2025,
   "label": "Lake Mariner, New York: 378 MW, about $7.2B over 10 years",
   "note": "$6.7B for about 360 MW at signing (about $16B with extensions); amendments in July 2026 added 12 MW and about $500M. Google backstops about $3.2B. The end user is not named; Anthropic is inferred.",
   "calc": null,
   "live": 42,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "Under the Akela Fluidstack Leases, we will provide 378 MW of critical IT load at the Lake Mariner Data Campus"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000110465925079463/tm2523651d3_ex99-1.htm",
     "p": "TeraWulf",
     "d": "Aug 18, 2025",
     "q": "Represents $6.7 Billion in Contracted Revenue, with Potential to Reach $16 Billion with Lease Extensions"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM Executed on July 5th, 2026"
    }
   ]
  },
  {
   "i": 87,
   "s": "wulf",
   "b": "Core42 (G42)",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 60,
   "basis": "it",
   "tier": "C",
   "st": "live",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": 10,
   "year": 2024,
   "label": "Lake Mariner, New York: 60 MW, fully delivered",
   "note": "",
   "calc": null,
   "live": 60,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm",
     "p": "TeraWulf",
     "d": "Aug 5, 2026",
     "q": "La Lupa entered into long-term data center lease agreements with Core42 (the “Core42 Leases”), pursuant to which we committed to deliver 60 MW of critical IT load."
    }
   ]
  },
  {
   "i": 88,
   "s": "wulf",
   "b": "Fluidstack",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 168,
   "basis": "it",
   "tier": null,
   "st": "ended",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Abernathy, Texas joint venture (168 MW)",
   "note": "TeraWulf agreed on Jul 6 2026 to sell its 50.1% stake to a Fluidstack-led group; the lease continues without it.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1083301/000110465925102858/tm2529509d1_ex99-1.htm",
     "p": "TeraWulf",
     "d": "Oct 28, 2025",
     "q": "Capacity: 168 MW critical IT load (240 MW gross)"
    }
   ]
  },
  {
   "i": 89,
   "s": "hut8",
   "b": "Nvidia",
   "bt": "chip",
   "user": "Anthropic",
   "uq": null,
   "mw": 352,
   "basis": "it",
   "tier": "A",
   "st": "signed",
   "cf": "press",
   "k": "lease",
   "ly": "pass",
   "usd": 9.8,
   "usdmax": 25.1,
   "term": 15,
   "year": 2026,
   "label": "Beacon Point, Texas, phase 1: 352 MW, $9.8B over 15 years",
   "note": "Hut 8 calls the tenant confidential. WSJ: Nvidia holds the lease and Lambda sells about 350 MW of compute at the campus to Anthropic. Which phase that is has not been reported; it is shown against phase 1.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html",
     "p": "Hut 8",
     "d": "May 6, 2026",
     "q": "through a 15-year, $9.8 billion lease (the \"Agreement\") for 352 megawatts (MW) of IT capacity (the \"Transaction\"). The tenant, a high-investment-grade company, will deploy dedicated compute infrastructure at the campus … Three 5-year renewal options increase potential contract value to approximately $25.1 billion assuming all three options are exercised."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/anthropic-signs-35bn-cloud-agreement-with-lambda-report/",
     "p": "DatacenterDynamics",
     "d": "Sep 1, 2026",
     "q": "Nvidia will actually hold the lease on the data center, according to WSJ."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm",
     "p": "Nvidia Form 10-Q (quarter ended Jul 26, 2026)",
     "d": "Aug 26, 2026",
     "q": "We have entered into data center leases with terms of approximately fifteen years that are expected to commence between fiscal year 2028 and fiscal year 2029."
    }
   ]
  },
  {
   "i": 90,
   "s": "hut8",
   "b": "Nvidia",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 352,
   "basis": "it",
   "tier": "A",
   "st": "signed",
   "cf": "press",
   "k": "lease",
   "ly": "end",
   "usd": 9.8,
   "usdmax": 25.1,
   "term": 15,
   "year": 2026,
   "label": "Beacon Point, Texas, phase 2: a second 352 MW, $9.8B over 15 years",
   "note": "Same unnamed tenant as phase 1. Nvidia's 10-Q lists about $20B of 15-year data-center leases that it expects to reassign to third parties, which matches the two phases; no user has been reported for this half.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926084862/tm2620835d1_ex99-1.htm",
     "p": "Hut 8",
     "d": "Jul 20, 2026",
     "q": "The tenant, the high-investment-grade company that executed the Phase 1 lease, has doubled its contracted IT capacity at the campus to 704 MW. … $9.8 billion over a 15-year base lease term, inclusive of a 3.0% annual base rent escalator; base-term contract value for the full 1,000 MW campus rises to $19.6 billion."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/anthropic-signs-35bn-cloud-agreement-with-lambda-report/",
     "p": "DatacenterDynamics",
     "d": "Sep 1, 2026",
     "q": "Nvidia will actually hold the lease on the data center, according to WSJ."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm",
     "p": "Nvidia Form 10-Q (quarter ended Jul 26, 2026)",
     "d": "Aug 26, 2026",
     "q": "We expect to reassign these data center leases to third parties."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm",
     "p": "Hut 8",
     "d": "Aug 4, 2026",
     "q": "Beacon Point Phase 2 comprises 352 MW of additional critical IT capacity (approximately 500 MW utility capacity)"
    },
    {
     "u": "https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.html",
     "p": "Hut 8",
     "d": "May 6, 2026",
     "q": "Three 5-year renewal options increase potential contract value to approximately $25.1 billion assuming all three options are exercised."
    }
   ]
  },
  {
   "i": 91,
   "s": "hut8",
   "b": "Fluidstack",
   "bt": "neo",
   "user": "Anthropic",
   "uq": null,
   "mw": 245,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 7.0,
   "usdmax": 17.7,
   "term": 15,
   "year": 2025,
   "label": "River Bend, Louisiana: 245 MW, $7.0B over 15 years, for Anthropic",
   "note": "Google backstops the rent.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1964789/000110465925122052/hut-20251217xex99d1.htm",
     "p": "Hut 8",
     "d": "Dec 17, 2025",
     "q": "signed a 15-year, $7.0 billion lease (the “Agreement”) with Fluidstack for 245 megawatts (MW) of IT capacity at its River Bend data center campus in Louisiana … Google, a subsidiary of Alphabet Inc. (S&P: AA+, Moody’s: Aa2), is providing a financial backstop, which covers the lease payments and related pass-through obligations. … Three 5-year renewal options increase potential contract value to approximately $17.7 billion"
    },
    {
     "u": "https://canada.hut8.com/resources/press-releases/hut-8-announces-ai-infrastructure-partnership-with-anthropic-and-fluidstack",
     "p": "Hut 8",
     "d": "Dec 17, 2025",
     "q": "Hut 8 will develop and deliver at least 245 megawatts (MW) and up to 2,295 MW of AI data center infrastructure for Anthropic, leveraging high-performance clusters operated by Fluidstack."
    }
   ]
  },
  {
   "i": 92,
   "s": "hut8",
   "b": "Fluidstack",
   "bt": "neo",
   "user": "Anthropic",
   "uq": null,
   "mw": 1000,
   "basis": "it",
   "tier": null,
   "st": "option",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Right of first offer on up to 1,000 MW more at River Bend",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1964789/000110465925122052/hut-20251217xex99d1.htm",
     "p": "Hut 8",
     "d": "Dec 17, 2025",
     "q": "Three 5-year renewal options increase potential contract value to approximately $17.7 billion; the Agreement grants Fluidstack a ROFO for up to an additional 1,000 MW of IT capacity at future expansion phases of the campus."
    },
    {
     "u": "https://canada.hut8.com/resources/press-releases/hut-8-announces-ai-infrastructure-partnership-with-anthropic-and-fluidstack",
     "p": "Hut 8",
     "d": "Dec 17, 2025",
     "q": "Hut 8 will develop and deliver at least 245 megawatts (MW) and up to 2,295 MW of AI data center infrastructure for Anthropic, leveraging high-performance clusters operated by Fluidstack."
    }
   ]
  },
  {
   "i": 93,
   "s": "hut8",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 1050,
   "basis": "gross",
   "tier": null,
   "st": "option",
   "cf": "company",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Up to 1,050 MW of further optional capacity (non-binding)",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://canada.hut8.com/resources/press-releases/hut-8-announces-ai-infrastructure-partnership-with-anthropic-and-fluidstack",
     "p": "Hut 8",
     "d": "Dec 17, 2025",
     "q": "Tranche 3: As part of a strategic partnership, Hut 8 and Anthropic may jointly diligence and develop up to 1,050 MW of additional optional capacity to scale across Hut 8’s development pipeline beyond River Bend."
    }
   ]
  },
  {
   "i": 94,
   "s": "cifr",
   "b": "Amazon",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 286,
   "basis": "it",
   "tier": "B",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": 7.5,
   "usdmax": null,
   "term": 15,
   "year": 2025,
   "label": "Black Pearl (216 MW) and Stingray (70 MW), Texas: about $7.5B over 15 years",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000181998925000110/nov3_earningspressreleasex.htm",
     "p": "Cipher Mining",
     "d": "Nov 3, 2025",
     "q": "Cipher today announced an approximately $5.5 billion, 15-year lease agreement with Amazon Web Services to provide turnkey space and power for AI workloads. Under the terms of this lease agreement, Cipher will deliver 300 MW of capacity in 2026"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_ex9901.htm",
     "p": "Cipher Mining",
     "d": "Feb 3, 2026",
     "q": "Developing Black Pearl (300 Gross MW / 216 MW Critical IT Load), leased to Amazon Data Services, Inc."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/dp248110_ex9901.htm",
     "p": "Cipher Digital",
     "d": "Jun 8, 2026",
     "q": "Cipher Digital has executed a second data center lease with Amazon Data Services, Inc. (“AWS”) for 100 Gross MW / 70 IT MW at its Stingray site … ~$2.0Bn of Contracted Revenue with Long-Term AWS Lease 70 MW Critical IT Load Under Contract"
    }
   ]
  },
  {
   "i": 95,
   "s": "cifr",
   "b": "Fluidstack",
   "bt": "neo",
   "user": "Anthropic",
   "uq": "inferred",
   "mw": 207,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 3.8,
   "usdmax": null,
   "term": 10,
   "year": 2025,
   "label": "Barber Lake, Texas: 207 MW, $3.8B over 10 years",
   "note": "Google backstops $1.73B. In September 2026 \"a leading AI lab\" committed to lease the site for ten more years afterwards, for about $5.2B. The end user is not named; Anthropic is inferred, having joined Cipher and Fluidstack in funding the town's water system.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm",
     "p": "Cipher Mining",
     "d": "Sep 25, 2025",
     "q": "Cipher will deliver 168 MW of critical IT load, supported by a maximum of 244 MW of gross capacity, at its Barber Lake site in Colorado City, Texas."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm",
     "p": "Cipher Mining",
     "d": "Nov 20, 2025",
     "q": "Cipher will deliver an additional 39 MW of critical IT load, supported by a maximum of 56 MW of additional gross capacity, at its Barber Lake site in Colorado City, Texas. … Total Contracted Revenue Across the Partnership Reaches ~$3.8 Billion Over Initial 10-Year Term … Google Expands Backstop of Fluidstack’s Obligations by Additional $333 Million, Increasing Total Backstop to $1.73 Billion"
    },
    {
     "u": "https://fluidstack.io/community/colorado-city-water",
     "p": "Fluidstack",
     "d": "Sep 15, 2026",
     "q": "Together with Cipher Digital and Anthropic, we’re committing $10 million to water infrastructure improvements identified by Colorado City’s leaders."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000043/barberlakeleaseamendmentpr.htm",
     "p": "Cipher Digital",
     "d": "Sep 25, 2026",
     "q": "Cipher has executed an amendment to its existing lease with Fluidstack (the “Barber Lake Lease”) that is coupled with a binding commitment with a leading AI lab to lease the facility for an additional 10-year term following the conclusion of the Barber Lake Lease."
    }
   ]
  },
  {
   "i": 96,
   "s": "riot",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 191,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "press",
   "k": "lease",
   "ly": "end",
   "usd": 9.1,
   "usdmax": 16.1,
   "term": 20,
   "year": 2026,
   "label": "Rockdale, Texas: 191 MW, about $9.1B over 20 years, from December 2027",
   "note": "Riot has not named the tenant.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093406/riot-20260810xex99d1.htm",
     "p": "Riot Platforms Q2 2026 results press release",
     "d": "Aug 10, 2026",
     "q": "Executed 20-year data center lease with a leading frontier AI lab for 191 MW of critical IT capacity at Riot’s Rockdale campus, expected to generate approximately $9.1 billion in total contract revenue over the initial term … representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised"
    },
    {
     "u": "https://qz.com/anthropic-riot-platforms-data-center-deal-9-billion-081126",
     "p": "Quartz",
     "d": "Aug 11, 2026",
     "q": "Riot disclosed the deal on Monday, describing the counterparty only as a \"leading frontier AI lab.\""
    }
   ]
  },
  {
   "i": 97,
   "s": "riot",
   "b": "AMD",
   "bt": "chip",
   "user": null,
   "uq": null,
   "mw": 50,
   "basis": "it",
   "tier": "C",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": 10,
   "year": 2026,
   "label": "Rockdale, Texas: 50 MW, with options that could take AMD to 200 MW",
   "note": "A 25 MW lease signed in January 2026 and a 25 MW expansion exercised in April.",
   "calc": null,
   "live": 25,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093448/riot-20260630x10q.htm",
     "p": "Riot Platforms Form 10-Q (Q2 2026)",
     "d": "Aug 10, 2026",
     "q": "In April 2026, the Company entered into the AMD Lease Amendment, in which AMD exercised a portion of the existing expansion option in the AMD Lease to provide an additional deployment of 25 MW of critical IT load capacity"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093406/riot-20260810xex99d1.htm",
     "p": "Riot Platforms Q2 2026 results press release",
     "d": "Aug 10, 2026",
     "q": "total contracted capacity of 50 MW will be fully deployed"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926004551/riot-20260116xex99d1.htm",
     "p": "Riot Platforms press release",
     "d": "Jan 16, 2026",
     "q": "The Data Center Lease carries an initial term of 10 years and is expected to generate approximately $311.0 million in contract revenue."
    }
   ]
  },
  {
   "i": 98,
   "s": "clsk",
   "b": "Meta",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 175,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": 6.6,
   "usdmax": 11.6,
   "term": 20,
   "year": 2026,
   "label": "Sandersville, Georgia: 175 MW, $6.6B over 20 years, from late 2027",
   "note": "The tenant is a Meta subsidiary and Meta guarantees the rent.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526338382/clsk-20260630.htm",
     "p": "CleanSpark Form 10-Q (quarter ended June 30, 2026)",
     "d": "Aug 6, 2026",
     "q": "On July 10, 2026, the Company entered into a 20-year triple-net infrastructure lease agreement (the “Sandersville Lease”), with two five-year extension options, with a leading global technology company for 175 MW of critical information technology load"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526302448/clsk-ex99_1.htm",
     "p": "CleanSpark press release",
     "d": "Jul 14, 2026",
     "q": "Twenty-year triple-net (NNN) lease totaling $6.6 billion in contracted revenue, with up to $11.6 billion after full extension options"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526393758/clsk-ex99_1.htm",
     "p": "CleanSpark Sandersville Investor Presentation",
     "d": "Sep 17, 2026",
     "q": "The Tenant (Anviran, LLC) is a wholly owned subsidiary of Meta … Serving as the Guarantor of rent and operating expenses,(2) Meta is a leading global consumer technology and AI company"
    }
   ]
  },
  {
   "i": 99,
   "s": "clsk",
   "b": "Meta",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 885,
   "basis": "gross",
   "tier": null,
   "st": "option",
   "cf": "filing",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Letter of intent over CleanSpark's whole Texas portfolio (up to 885 MW of power)",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526302448/clsk-ex99_1.htm",
     "p": "CleanSpark press release",
     "d": "Jul 14, 2026",
     "q": "Tenant has executed a letter of intent and exclusivity arrangement covering CleanSpark’s entire Texas portfolio of 885 MW"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526393758/clsk-ex99_1.htm",
     "p": "CleanSpark Sandersville Investor Presentation",
     "d": "Sep 17, 2026",
     "q": "The Tenant (Anviran, LLC) is a wholly owned subsidiary of Meta"
    }
   ]
  },
  {
   "i": 100,
   "s": "btdr",
   "b": "Volta",
   "bt": "neo",
   "user": "Anthropic",
   "uq": null,
   "mw": 121,
   "basis": "it",
   "tier": "B",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 4.7,
   "usdmax": 8.0,
   "term": 16,
   "year": 2026,
   "label": "Tydal, Norway: 121 MW, $4.7B over 16 years",
   "note": "Volta resells the capacity to \"a leading AI lab\", which Bloomberg reports is Anthropic.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1899123/000121390026085655/ea030075201ex99-1.htm",
     "p": "Bitdeer press release",
     "d": "Aug 4, 2026",
     "q": "TDC will deliver 121 IT megawatts (MW), supported by an estimated 133 gross MW, at its Tydal campus in Norway. The agreement represents approximately $4.7 billion in contracted revenue over the initial 16-year base term. … the entire 121 IT MW will be configured to run NVIDIA GPUs for the end customer, a leading AI lab … An 8-year renewal option increases the potential total contract value to approximately $8.0 billion over 24 years."
    },
    {
     "u": "https://qz.com/anthropic-volta-infra-computing-deal-10-billion-080426",
     "p": "Quartz",
     "d": "Aug 4, 2026",
     "q": "Anthropic has signed a $10 billion, six-year agreement to use computing capacity from Volta Infra Holdings"
    }
   ]
  },
  {
   "i": 101,
   "s": "iond",
   "b": "Nscale",
   "bt": "neo",
   "user": "Microsoft",
   "uq": null,
   "mw": 234,
   "basis": "gross",
   "tier": "B",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 1.9,
   "usdmax": null,
   "term": 10.5,
   "year": 2025,
   "label": "Ward County, Texas: 234 MW of site power, $1.9B over 10.5 years",
   "note": "Nscale must take 89 MW more when it becomes available, which would lift the total to about $2.6B. Nscale says the site serves Microsoft.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2007691/000200769126000012/ioni-20260630.htm",
     "p": "Ionic Digital Form 10-Q (Q2 2026)",
     "d": "Sep 1, 2026",
     "q": "In October 2025, we announced our inaugural participation in the HPC/AI sector with a 126-month “triple net” lease with Nscale Ward County LLC … monthly fixed lease payments commenced in August 2026, which represent estimated total contracted revenues of approximately $1.9 billion, increasing to a potential $2.6 billion under the provisions of the amendment"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/0002007691/000118518526003152/ionicdigi424b4072026.htm",
     "p": "Ionic Digital, prospectus on Form 424B4",
     "d": "Jul 20, 2026",
     "q": "Under the lease we committed to providing Nscale with the full amount of the 234 megawatts (“MW”) of current energy capacity at our Ward County property."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-ex10_23.htm",
     "p": "Nscale, Form S-1 Exhibit 10.23: Ward County credit agreement",
     "d": "Sep 18, 2026",
     "q": "“Customer” shall mean Microsoft Corporation."
    }
   ]
  },
  {
   "i": 102,
   "s": "wyfi",
   "b": "Nscale",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 40,
   "basis": "it",
   "tier": "C",
   "st": "ramping",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 0.865,
   "usdmax": null,
   "term": 10,
   "year": 2025,
   "label": "Madison, North Carolina: 40 MW, about $865M over 10 years",
   "note": "Nscale's own customer there is not named.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2042022/000121390025123321/ea026991801ex99-1_white.htm",
     "p": "WhiteFiber press release",
     "d": "Dec 18, 2025",
     "q": "The agreement secures the first 40 megawatt delivery of critical IT load at WhiteFiber’s flagship NC-1 data center campus in Madison, North Carolina. The contract represents approximately $865 million in contracted revenue over the initial 10-year term"
    }
   ]
  },
  {
   "i": 103,
   "s": "dgxx",
   "b": "Cerebras",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 40,
   "basis": "it",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 1.1,
   "usdmax": 2.5,
   "term": 10,
   "year": 2026,
   "label": "Columbiana, Alabama: up to 40 MW, about $1.1B over 10 years",
   "note": "Only the first 15 MW is firm; the other 25 MW depends on Digi Power X raising finance.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1854368/000121390026089940/ea0301731-10q_digipower.htm",
     "p": "Digi Power X Form 10-Q (Q2 2026)",
     "d": "Aug 14, 2026",
     "q": "the total contract value to the Corporation is approximately $1.1 billion in the initial term of the contract, with a total potential contract value to the Corporation of approximately $2.5 billion, assuming one seven (7)-year Extension … Phase 1 (15 MW) ready-for-service date targeted at December 15, 2026 and with full deployment in Phase 2 (40 MW) targeted by the end of the first fiscal quarter of 2027"
    }
   ]
  },
  {
   "i": 104,
   "s": "blockfusion",
   "b": "CoreWeave",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 85,
   "basis": "it",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": 2.8,
   "usdmax": 5.4,
   "term": 15,
   "year": 2026,
   "label": "Niagara Falls: 35 MW lease plus a 50 MW expansion, about $2.8B over 15 years",
   "note": "The 50 MW expansion depends on Blockfusion securing more power and on CoreWeave approving the plan.",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2059654/000118518526004076/bacc425091626.htm",
     "p": "Blockfusion press release (Blue Acquisition Corp Form 425)",
     "d": "Sep 16, 2026",
     "q": "has entered into a definitive anchor lease (the “Lease”) with CoreWeave, Inc. (“CoreWeave”) (Nasdaq: CRWV)"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2059654/000118518526004321/baccex99-1.htm",
     "p": "Blockfusion investor presentation, September 2026",
     "d": "Sep 25, 2026",
     "q": "Comprises 35MW under the executed Lease Agreement and 50MW under the Expansion Agreement with CoreWeave, Inc. … expected revenues from 85 MWs is approximately $2.8 billion over the initial terms of the lease and expansion lease (approximately $5.4 billion if CoreWeave renews all leases for 25 years total)"
    }
   ]
  },
  {
   "i": 105,
   "s": "aib",
   "b": "Nebius",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 50,
   "basis": "it",
   "tier": "C",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": 12,
   "year": 2026,
   "label": "CLT1 campus: 50 MW over 12 years",
   "note": "",
   "calc": null,
   "live": 0,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2070542/000121390026105865/ea030737801ex99-1.htm",
     "p": "AIB Data Centers press release",
     "d": "Sep 30, 2026",
     "q": "has entered into a binding agreement with Nebius (Nasdaq: NBIS), the AI cloud company, for 50 MW of critical IT capacity at AIB’s facility located in the southeastern United States"
    }
   ]
  },
  {
   "i": 106,
   "s": "gpus",
   "b": "Unnamed neocloud",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 20,
   "basis": "it",
   "tier": "D",
   "st": "signed",
   "cf": "filing",
   "k": "lease",
   "ly": "pass",
   "usd": null,
   "usdmax": 1.2,
   "term": 10,
   "year": 2026,
   "label": "Michigan: about 20 MW over 10 years",
   "note": "$1.2B is the value if both five-year extensions are exercised. The trade press describes the customer as a California neocloud.",
   "calc": null,
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/896493/000121465926007704/x6242618k.htm",
     "p": "Hyperscale Data",
     "d": "Jun 24, 2026",
     "q": "to deploy a total of approximately 20 megawatts … the total contract value to the Provider is approximately One Billion Two Hundred Million Dollars ($1,200,000,000) during the Term"
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/hyperscale-data-ends-cryptomining-operations-at-michigan-data-center/",
     "p": "DatacenterDynamics",
     "d": "Sep 3, 2026",
     "q": "The unnamed customer is described as a California-based neocloud"
    }
   ]
  },
  {
   "i": 107,
   "s": "spacex",
   "b": "Anthropic",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 500,
   "basis": "gpu",
   "tier": "A",
   "st": "live",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 45.0,
   "usdmax": 84.5,
   "term": 3,
   "year": 2026,
   "label": "All of Colossus 1 and part of Colossus 2: about 325,000 GPUs at $1.25B a month through May 2029",
   "note": "Anthropic states \"more than 300 megawatts\" for Colossus 1 alone. $45B assumes the contract runs to term; either side can end it on 90 days' notice. Reuters reports the contracts were later expanded to as much as $84.5B; the megawatts here are for the May terms only.",
   "calc": "more than 300 MW at Colossus 1 (Anthropic) plus about 105,000 GB200 at Colossus 2 at 1.9 kW each",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm",
     "p": "SpaceX prospectus, Form 424B4",
     "d": "Jun 12, 2026",
     "q": "Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee. … Compute capacity provided includes approximately 325,000 NVIDIA GPUs, backed by hyperscale-class CPUs, exabyte-scale storage and high-speed networking and interconnects purpose-built for AI workloads. … After the initial three-month period, the agreements may be terminated by either party upon 90 days’ notice."
    },
    {
     "u": "https://www.anthropic.com/news/higher-limits-spacex",
     "p": "Anthropic",
     "d": "May 6, 2026",
     "q": "This gives us access to more than 300 megawatts of new capacity (over 220,000 NVIDIA GPUs) within the month."
    },
    {
     "u": "https://finance.yahoo.com/technology/ai/articles/spcx-stock-adds-3-anthropics-181215266.html",
     "p": "StockTwits via Yahoo Finance",
     "d": "Sep 29, 2026",
     "q": "Anthropic has entered into compute contracts with SpaceX worth up to $84.5 billion through 2029 to access Nvidia-based hardware infrastructure. … Previous filings from SpaceX's own IPO paperwork indicated an agreement worth nearly $45 billion, based on payments of $1.25 billion per month over three years."
    }
   ]
  },
  {
   "i": 108,
   "s": "spacex",
   "b": "Google",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 215,
   "basis": "gpu",
   "tier": "B",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 30.0,
   "usdmax": null,
   "term": 2.75,
   "year": 2026,
   "label": "About 110,000 GPUs at $920M a month, October 2026 to June 2029",
   "note": "$30B assumes the contract runs to term; after 2026 either side can end it on 90 days' notice.",
   "calc": "about 110,000 GPUs at SpaceX's ratio of 210–220 MW per 110,000 GB200 or GB300; the filing does not give the model, and H100s would be about 145 MW",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026041150/spacexagreementfwp.htm",
     "p": "SpaceX free writing prospectus, Rule 433",
     "d": "Jun 5, 2026",
     "q": "The compute capacity provided includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components. … Pursuant to the agreement, the customer has agreed to pay us $920 million per month from October 2026 through June 2029, with capacity ramping up through September at a reduced fee."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/google-to-pay-920-million-to-spacex-monthly-for-ai-capacity/",
     "p": "DatacenterDynamics",
     "d": "Jun 8, 2026",
     "q": "The full contract would total around $30 billion throughout that period."
    }
   ]
  },
  {
   "i": 109,
   "s": "spacex",
   "b": "Unnamed customer (hosting deal)",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": 260,
   "basis": "px",
   "tier": "B",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Hosting deal at about $1.11B a month from December 2026",
   "note": "No customer, megawatts or GPU count is disclosed. SpaceX calls it a hosting deal; if the customer supplies its own chips, the megawatts would be higher.",
   "calc": "$1.11B a month ÷ the $4.3M per megawatt-month that Google pays; at Anthropic's price it would be about 445 MW",
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://finance.yahoo.com/markets/stocks/article/spacex-signs-another-ai-computing-deal-with-100-billion-in-arr-on-track-cfo-says-152933886.html",
     "p": "Yahoo Finance",
     "d": "Sep 11, 2026",
     "q": "just earlier this month we closed another hosting deal, and that translates into about $1.11 billion a month starting December 1st of this year, which is another roughly $13 billion of ARR."
    }
   ]
  },
  {
   "i": 110,
   "s": "spacex",
   "b": "Unnamed customer (six-month contract)",
   "bt": "und",
   "user": null,
   "uq": null,
   "mw": 260,
   "basis": "px",
   "tier": "B",
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": 6.7,
   "usdmax": null,
   "term": 0.5,
   "year": 2026,
   "label": "$6.7B of cloud services over six months, ramping from October 2026",
   "note": "Announced on the August earnings call without a customer. An analyst note says it is a different deal from the hosting deal above.",
   "calc": "$6.7B over six months ÷ the $4.3M per megawatt-month that Google pays; at Anthropic's price it would be about 445 MW",
   "live": null,
   "und": true,
   "src": [
    {
     "u": "https://s21.q4cdn.com/184289198/files/doc_financials/2026/q2/SpaceX-Q2-2026-Earnings_Transcript-FINAL.pdf",
     "p": "SpaceX investor relations (Q2 2026 earnings call transcript)",
     "d": "Aug 4, 2026",
     "q": "in the first few weeks of the third quarter, we’ve already contracted an additional $6.7 billion of Cloud Services revenue over a six-month period that begins ramping starting in October of this year."
    },
    {
     "u": "https://finance.yahoo.com/markets/stocks/article/spacex-signs-another-ai-computing-deal-with-100-billion-in-arr-on-track-cfo-says-152933886.html",
     "p": "Yahoo Finance",
     "d": "Sep 11, 2026",
     "q": "William Blair analyst Louie DiPalma confirmed that the new deal differs from the $6.7 billion, six-month deal ($13.4 billion ARR) that was announced on SpaceX's August earnings call."
    }
   ]
  },
  {
   "i": 111,
   "s": "spacex",
   "b": "Reflection AI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 35,
   "basis": "px",
   "tier": "C",
   "st": "live",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": 6.3,
   "usdmax": null,
   "term": 3.5,
   "year": 2026,
   "label": "GB300 capacity at Colossus 2 for $150M a month from July 2026 through 2029",
   "note": "",
   "calc": "$150M a month ÷ the $4.3M per megawatt-month that Google pays; at Anthropic's price it would be about 60 MW",
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.datacenterdynamics.com/en/news/spacex-secures-63bn-compute-capacity-deal-from-ai-startup-reflection/",
     "p": "DatacenterDynamics",
     "d": "Jun 23, 2026",
     "q": "for a total of $6.3bn should the contract run to its full term."
    },
    {
     "u": "https://thenextweb.com/news/spacex-reflection-ai-6-3bn-compute-deal",
     "p": "The Next Web",
     "d": "Jun 23, 2026",
     "q": "Reflection will pay $150mn a month to rent Nvidia chips at Colossus 2, SpaceX’s data centre in Memphis."
    }
   ]
  },
  {
   "i": 112,
   "s": "spacex",
   "b": "Cursor",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "ended",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Compute-for-collaboration agreement (Apr 2026)",
   "note": "SpaceX bought Cursor on Aug 14 2026, so the capacity is now internal.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm",
     "p": "SpaceX prospectus, Form 424B4",
     "d": "Jun 12, 2026",
     "q": "Under the compute agreement, we will provide Cursor with certain GPU cluster compute capacity for use in connection with specified development, training, improvement and other activities related to AI models and other technology and intellectual property."
    }
   ]
  },
  {
   "i": 113,
   "s": "cerebras",
   "b": "OpenAI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 750,
   "basis": "gross",
   "tier": "A",
   "st": "ramping",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": 20.0,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "750 MW of inference capacity through 2028, worth more than $20B",
   "note": "OpenAI holds an option on a further 1.25 GW by 2030.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056357/cbrs-20260630.htm",
     "p": "Cerebras Form 10-Q, Q2 2026",
     "d": "Aug 12, 2026",
     "q": "the Company entered into a Master Relationship Agreement (the “MRA”) with OpenAI OpCo, LLC (“OpenAI”) to provide 750 MW of AI inference compute capacity that OpenAI is contractually committed to purchase"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026035214/cerebras-424b4.htm",
     "p": "Cerebras prospectus, Form 424B4",
     "d": "May 14, 2026",
     "q": "In January 2026, we announced a multi-year deal with OpenAI valued at more than $20 billion dollars."
    }
   ]
  },
  {
   "i": 114,
   "s": "cerebras",
   "b": "Gimlet Cloud",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 100,
   "basis": "gross",
   "tier": "B",
   "st": "signed",
   "cf": "press",
   "k": "compute",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Partnership to deploy 100 MW of Cerebras systems on Gimlet's inference cloud",
   "note": "Whether Gimlet rents capacity or buys systems is not stated.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.datacenterdynamics.com/en/news/gimlet-cloud-partners-with-cerebras-to-deploy-100mw-of-wafer-scale-compute/",
     "p": "DatacenterDynamics",
     "d": "Sep 30, 2026",
     "q": "The two companies together will deploy 100MW of Cerebras' wafer-scale compute for inference workloads on Gimlet Cloud."
    }
   ]
  },
  {
   "i": 115,
   "s": "cerebras",
   "b": "OpenAI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 1250,
   "basis": "gross",
   "tier": null,
   "st": "option",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Option on a further 1.25 GW for deployment by the end of 2030",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056357/cbrs-20260630.htm",
     "p": "Cerebras 10-Q (Q2 2026)",
     "d": "Aug 12, 2026",
     "q": "OpenAI has the option to purchase an additional 1.25 GW of AI inference compute capacity (the “Additional Capacity”) for deployment in tranches by the end of 2030 for up to a total of 2.0 GW."
    }
   ]
  },
  {
   "i": 116,
   "s": "cerebras",
   "b": "G42",
   "bt": "other",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026035214/cerebras-424b4.htm",
     "p": "Cerebras prospectus, Form 424B4",
     "d": "May 14, 2026",
     "q": "For the year ended December 31, 2025, MBZUAI accounted for 62% of our total revenue. G42 accounted for 24% and 85% of our total revenue for the years ended December 31, 2025 and 2024, respectively."
    }
   ]
  },
  {
   "i": 117,
   "s": "cerebras",
   "b": "Cognition",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": null,
   "label": "Named customer; size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056186/cbrsannouncesfinancialresu.htm",
     "p": "Cerebras Q2 2026 earnings release",
     "d": "Aug 12, 2026",
     "q": "Signed new cloud capacity agreements with leading AI coding companies including Cognition and Lovable."
    }
   ]
  },
  {
   "i": 118,
   "s": "cerebras",
   "b": "Amazon",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": null,
   "basis": null,
   "tier": null,
   "st": "signed",
   "cf": "filing",
   "k": "other",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "AWS leases Cerebras systems to run in its own data centers (Jun 2026); size not disclosed",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056357/cbrs-20260630.htm",
     "p": "Cerebras Form 10-Q, Q2 2026",
     "d": "Aug 12, 2026",
     "q": "In June 2026, we entered into a global hardware leasing agreement with Amazon Web Services (“AWS”) to collaborate on the development and deployment of a joint compute solution in AWS data centers, together with related software and support services."
    }
   ]
  },
  {
   "i": 119,
   "s": "g42",
   "b": "OpenAI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 1000,
   "basis": "gross",
   "tier": "S",
   "st": "signed",
   "cf": "company",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Stargate UAE: a 1 GW cluster built by G42 and operated by OpenAI and Oracle",
   "note": "First 200 MW was due in 2026.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://group.softbank/en/news/press/20250522",
     "p": "SoftBank Group (joint press release: G42, OpenAI, Oracle, NV",
     "d": "May 22, 2025",
     "q": "Stargate UAE, a 1-gigawatt compute cluster, will be built by G42 and operated by OpenAI and Oracle."
    }
   ]
  },
  {
   "i": 120,
   "s": "g42",
   "b": "Microsoft",
   "bt": "hyper",
   "user": null,
   "uq": null,
   "mw": 200,
   "basis": "gross",
   "tier": "B",
   "st": "signed",
   "cf": "company",
   "k": "lease",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "200 MW of data-center capacity through Khazna, from late 2026",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://news.microsoft.com/source/emea/2025/11/microsoft-and-g42-accelerate-uaes-digital-future-with-major-data-centre-expansion/",
     "p": "Microsoft (Source EMEA)",
     "d": "Nov 5, 2025",
     "q": "a 200-megawatt (MW) expansion of datacenter capacity, delivered through Khazna Data Centers, a subsidiary of G42. This expansion is expected to start coming online before the end of 2026."
    }
   ]
  },
  {
   "i": 121,
   "s": "humain",
   "b": "Luma AI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 100,
   "basis": "gross",
   "tier": "B",
   "st": "signed",
   "cf": "press",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "First 100 MW of the Humain–AMD joint venture",
   "note": "Reported by trade press; Humain led Luma's funding round the same day.",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.middleeastainews.com/p/luma-ai-secures-900m-in-series-c",
     "p": "Middle East AI News",
     "d": "Nov 19, 2025",
     "q": "Luma AI becomes the first customer of HUMAIN’s $10 billion joint venture with US AI infrastructure firm AMD, securing the initial 100MW of data centre capacity from the upcoming global AI hyperscaler."
    }
   ]
  },
  {
   "i": 122,
   "s": "humain",
   "b": "xAI",
   "bt": "lab",
   "user": null,
   "uq": null,
   "mw": 500,
   "basis": "gross",
   "tier": null,
   "st": "option",
   "cf": "company",
   "k": "compute",
   "ly": "end",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2025,
   "label": "Framework for a 500 MW data center (Nov 2025)",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://www.prnewswire.com/news-releases/humain-expands-strategic-partnership-with-nvidia-advancing-global-ai-infrastructure-with-xai-global-ai-and-aws-at-the-us-saudi-investment-forum-302620854.html",
     "p": "HUMAIN",
     "d": "Nov 19, 2025",
     "q": "HUMAIN and xAI will jointly develop a network of world-class data centers in Saudi Arabia, anchored by a flagship 500 MW+ facility, which will expand xAI's supercluster footprint."
    }
   ]
  },
  {
   "i": 123,
   "s": "humain",
   "b": "Together AI",
   "bt": "neo",
   "user": null,
   "uq": null,
   "mw": 250,
   "basis": "gross",
   "tier": null,
   "st": "option",
   "cf": "press",
   "k": "compute",
   "ly": "pass",
   "usd": null,
   "usdmax": null,
   "term": null,
   "year": 2026,
   "label": "Partnership including a planned 250 MW data center (Aug 2026)",
   "note": "",
   "calc": null,
   "live": null,
   "und": false,
   "src": [
    {
     "u": "https://convergedigest.com/together-ai-humain-250mw-saudi-ai-data-center/",
     "p": "Converge Digest",
     "d": "Aug 31, 2026",
     "q": "Announced at LEAP, the agreement includes plans for a new 250-megawatt data center in Saudi Arabia supporting both AI training and inference."
    }
   ]
  }
 ],
 "buyers": [
  {
   "name": "OpenAI",
   "at": null,
   "bt": "lab",
   "mw": 3728,
   "tier": "S",
   "firm": 0.9,
   "parts": [
    {
     "s": "crusoe",
     "mw": 1200,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": "Oracle",
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "g42",
     "mw": 1000,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "cerebras",
     "mw": 750,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "firmus",
     "mw": 398,
     "est": false,
     "lo": false,
     "hi": true,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "coreweave",
     "mw": 380,
     "est": true,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [
    {
     "s": "coreweave",
     "usd": null,
     "via": "Google"
    }
   ],
   "n": 5,
   "users": []
  },
  {
   "name": "Anthropic",
   "at": null,
   "bt": "lab",
   "mw": 3118,
   "tier": "S",
   "firm": 0.6,
   "parts": [
    {
     "s": "fluidstack",
     "mw": 1000,
     "est": false,
     "lo": true,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "spacex",
     "mw": 500,
     "est": true,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
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    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Cursor",
   "at": null,
   "bt": "lab",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "coreweave",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Fireworks AI",
   "at": null,
   "bt": "other",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "firmus",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "G42",
   "at": null,
   "bt": "other",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "cerebras",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Higgsfield",
   "at": null,
   "bt": "other",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "nebius",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "IBM",
   "at": null,
   "bt": "other",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "coreweave",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Other unnamed customers",
   "at": "Axe Compute",
   "bt": "und",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "axe",
     "usd": 1.3,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Prometheus",
   "at": null,
   "bt": "other",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "iren",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Revolut",
   "at": null,
   "bt": "other",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "nebius",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Thinking Machines Lab",
   "at": null,
   "bt": "lab",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "crusoe",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  },
  {
   "name": "Unnamed AI lab",
   "at": "IREN",
   "bt": "lab",
   "mw": null,
   "tier": null,
   "firm": null,
   "parts": [],
   "unsized": [
    {
     "s": "iren",
     "usd": null,
     "via": null
    }
   ],
   "n": 1,
   "users": []
  }
 ],
 "tenants": [
  {
   "name": "CoreWeave",
   "at": null,
   "bt": "neo",
   "mw": 1601,
   "tier": "S",
   "firm": 1.0,
   "parts": [
    {
     "s": "corz",
     "mw": 590,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "galaxy",
     "mw": 526,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "apld",
     "mw": 400,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "blockfusion",
     "mw": 85,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 4,
   "users": []
  },
  {
   "name": "Fluidstack",
   "at": null,
   "bt": "neo",
   "mw": 830,
   "tier": "A",
   "firm": 1.0,
   "parts": [
    {
     "s": "wulf",
     "mw": 378,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": "Anthropic",
     "some": null,
     "uq": "inferred"
    },
    {
     "s": "hut8",
     "mw": 245,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": "Anthropic",
     "some": null,
     "uq": null
    },
    {
     "s": "cifr",
     "mw": 207,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": "Anthropic",
     "some": null,
     "uq": "inferred"
    }
   ],
   "unsized": [],
   "n": 3,
   "users": [
    "Anthropic"
   ]
  },
  {
   "name": "Unnamed hyperscaler",
   "at": "Applied Digital",
   "bt": "hyper",
   "mw": 810,
   "tier": "A",
   "firm": 1.0,
   "parts": [
    {
     "s": "apld",
     "mw": 810,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Nvidia",
   "at": null,
   "bt": "chip",
   "mw": 704,
   "tier": "A",
   "firm": 0.0,
   "parts": [
    {
     "s": "hut8",
     "mw": 704,
     "est": false,
     "lo": false,
     "hi": false,
     "press": true,
     "via": null,
     "user": null,
     "some": [
      {
       "name": "Anthropic",
       "mw": 352
      }
     ],
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": [
    "Anthropic"
   ]
  },
  {
   "name": "Anthropic",
   "at": null,
   "bt": "lab",
   "mw": 592,
   "tier": "A",
   "firm": 0.68,
   "parts": [
    {
     "s": "wulf",
     "mw": 401,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "riot",
     "mw": 191,
     "est": false,
     "lo": false,
     "hi": false,
     "press": true,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 2,
   "users": []
  },
  {
   "name": "AMD",
   "at": null,
   "bt": "chip",
   "mw": 427,
   "tier": "A",
   "firm": 1.0,
   "parts": [
    {
     "s": "corz",
     "mw": 377,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    },
    {
     "s": "riot",
     "mw": 50,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 2,
   "users": []
  },
  {
   "name": "Amazon",
   "at": null,
   "bt": "hyper",
   "mw": 286,
   "tier": "B",
   "firm": 1.0,
   "parts": [
    {
     "s": "cifr",
     "mw": 286,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Nscale",
   "at": null,
   "bt": "neo",
   "mw": 274,
   "tier": "B",
   "firm": 1.0,
   "parts": [
    {
     "s": "iond",
     "mw": 234,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": "Microsoft",
     "some": null,
     "uq": null
    },
    {
     "s": "wyfi",
     "mw": 40,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 2,
   "users": [
    "Microsoft"
   ]
  },
  {
   "name": "Another unnamed hyperscaler",
   "at": "Applied Digital",
   "bt": "hyper",
   "mw": 200,
   "tier": "B",
   "firm": 1.0,
   "parts": [
    {
     "s": "apld",
     "mw": 200,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Meta",
   "at": null,
   "bt": "hyper",
   "mw": 175,
   "tier": "B",
   "firm": 1.0,
   "parts": [
    {
     "s": "clsk",
     "mw": 175,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Unnamed neocloud",
   "at": "Core Scientific",
   "bt": "neo",
   "mw": 152,
   "tier": "B",
   "firm": 1.0,
   "parts": [
    {
     "s": "corz",
     "mw": 152,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Volta",
   "at": null,
   "bt": "neo",
   "mw": 121,
   "tier": "B",
   "firm": 1.0,
   "parts": [
    {
     "s": "btdr",
     "mw": 121,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": "Anthropic",
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": [
    "Anthropic"
   ]
  },
  {
   "name": "Core42 (G42)",
   "at": null,
   "bt": "neo",
   "mw": 60,
   "tier": "C",
   "firm": 1.0,
   "parts": [
    {
     "s": "wulf",
     "mw": 60,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Nebius",
   "at": null,
   "bt": "neo",
   "mw": 50,
   "tier": "C",
   "firm": 1.0,
   "parts": [
    {
     "s": "aib",
     "mw": 50,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Cerebras",
   "at": null,
   "bt": "neo",
   "mw": 40,
   "tier": "C",
   "firm": 1.0,
   "parts": [
    {
     "s": "dgxx",
     "mw": 40,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  },
  {
   "name": "Unnamed neocloud",
   "at": "Hyperscale Data",
   "bt": "neo",
   "mw": 20,
   "tier": "D",
   "firm": 1.0,
   "parts": [
    {
     "s": "gpus",
     "mw": 20,
     "est": false,
     "lo": false,
     "hi": false,
     "press": false,
     "via": null,
     "user": null,
     "some": null,
     "uq": null
    }
   ],
   "unsized": [],
   "n": 1,
   "users": []
  }
 ],
 "prices": [
  {
   "kind": "lease",
   "label": "Core Scientific → CoreWeave",
   "lo": 1.41,
   "hi": 1.41,
   "calc": "$10B ÷ 12 yr ÷ 590 MW",
   "year": 2024,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/q2fy26earningsdeck728am.htm",
    "p": "Core Scientific Q2 2026 earnings presentation",
    "d": "Jul 28, 2026",
    "q": "CoreWeave Contract Summary ~590MW infrastructure ~800MW gross $10B+ in revenue potential over the contracts’ term"
   }
  },
  {
   "kind": "lease",
   "label": "Applied Digital → CoreWeave",
   "lo": 1.83,
   "hi": 1.83,
   "calc": "$11B ÷ 15 yr ÷ 400 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm",
    "p": "Applied Digital Form 10-K (FY ended May 31, 2026)",
    "d": "Jul 29, 2026",
    "q": "Polaris Forge 1 | CoreWeave | 400 MW | 15 years | ~$11.0B | 2H25–1H27"
   }
  },
  {
   "kind": "lease",
   "label": "Applied Digital → unnamed hyperscaler (three campuses)",
   "lo": 1.66,
   "hi": 1.66,
   "calc": "$20.2B ÷ 15 yr ÷ 810 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm",
    "p": "Applied Digital Form 10-K (FY ended May 31, 2026)",
    "d": "Jul 29, 2026",
    "q": "Delta Forge 1 | High investment-grade hyperscaler | 300 MW | 15 years | ~$7.5B | 1H27–1H28"
   }
  },
  {
   "kind": "lease",
   "label": "Cipher → Amazon",
   "lo": 1.75,
   "hi": 1.75,
   "calc": "$7.5B ÷ 15 yr ÷ 286 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1819989/000181998925000110/nov3_earningspressreleasex.htm",
    "p": "Cipher Mining",
    "d": "Nov 3, 2025",
    "q": "Cipher today announced an approximately $5.5 billion, 15-year lease agreement with Amazon Web Services to provide turnkey space and power for AI workloads. Under the terms of this lease agreement, Cipher will deliver 300 MW of capacity in 2026"
   }
  },
  {
   "kind": "lease",
   "label": "TeraWulf → Fluidstack",
   "lo": 1.9,
   "hi": 1.9,
   "calc": "$7.2B ÷ 10 yr ÷ 378 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm",
    "p": "TeraWulf",
    "d": "Aug 5, 2026",
    "q": "LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM Executed on July 5th, 2026"
   }
  },
  {
   "kind": "lease",
   "label": "Cipher → Fluidstack",
   "lo": 1.84,
   "hi": 1.84,
   "calc": "$3.8B ÷ 10 yr ÷ 207 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm",
    "p": "Cipher Mining",
    "d": "Sep 25, 2025",
    "q": "Cipher will deliver 168 MW of critical IT load, supported by a maximum of 244 MW of gross capacity, at its Barber Lake site in Colorado City, Texas."
   }
  },
  {
   "kind": "lease",
   "label": "Hut 8 → Fluidstack",
   "lo": 1.9,
   "hi": 1.9,
   "calc": "$7B ÷ 15 yr ÷ 245 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1964789/000110465925122052/hut-20251217xex99d1.htm",
    "p": "Hut 8",
    "d": "Dec 17, 2025",
    "q": "signed a 15-year, $7.0 billion lease (the “Agreement”) with Fluidstack for 245 megawatts (MW) of IT capacity at its River Bend data center campus in Louisiana"
   }
  },
  {
   "kind": "lease",
   "label": "Hut 8 → unnamed tenant (Beacon Point)",
   "lo": 1.86,
   "hi": 1.86,
   "calc": "$19.6B ÷ 15 yr ÷ 704 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926084862/tm2620835d1_ex99-1.htm",
    "p": "Hut 8",
    "d": "Jul 20, 2026",
    "q": "$9.8 billion over a 15-year base lease term, inclusive of a 3.0% annual base rent escalator; base-term contract value for the full 1,000 MW campus rises to $19.6 billion."
   }
  },
  {
   "kind": "lease",
   "label": "Core Scientific → AMD and a neocloud it supports",
   "lo": 1.76,
   "hi": 1.76,
   "calc": "$14B ÷ 15 yr ÷ 529 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1839341/000183934126000012/core-20260727.htm",
    "p": "Core Scientific",
    "d": "Jul 28, 2026",
    "q": "for an aggregate of 377 MW of critical IT capacity at the Company’s Pecos, TX; Muskogee, OK; and Hunt County, TX sites"
   }
  },
  {
   "kind": "lease",
   "label": "CleanSpark → Meta",
   "lo": 1.89,
   "hi": 1.89,
   "calc": "$6.6B ÷ 20 yr ÷ 175 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/827876/000119312526338382/clsk-20260630.htm",
    "p": "CleanSpark Form 10-Q (quarter ended June 30, 2026)",
    "d": "Aug 6, 2026",
    "q": "On July 10, 2026, the Company entered into a 20-year triple-net infrastructure lease agreement (the “Sandersville Lease”), with two five-year extension options, with a leading global technology company for 175 MW of critical information technology load"
   }
  },
  {
   "kind": "lease",
   "label": "TeraWulf → Anthropic",
   "lo": 2.37,
   "hi": 2.37,
   "calc": "$19B ÷ 20 yr ÷ 401 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1083301/000110465926080583/tm2619468d1_ex99-1.htm",
    "p": "TeraWulf",
    "d": "Jul 6, 2026",
    "q": "The lease is expected to generate approximately $19 billion of contracted lease revenue over the initial term and is expected to be supported by an investment-grade credit."
   }
  },
  {
   "kind": "lease",
   "label": "Riot → frontier AI lab",
   "lo": 2.38,
   "hi": 2.38,
   "calc": "$9.1B ÷ 20 yr ÷ 191 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1167419/000110465926093406/riot-20260810xex99d1.htm",
    "p": "Riot Platforms Q2 2026 results press release",
    "d": "Aug 10, 2026",
    "q": "Executed 20-year data center lease with a leading frontier AI lab for 191 MW of critical IT capacity at Riot’s Rockdale campus, expected to generate approximately $9.1 billion in total contract revenue over the initial term"
   }
  },
  {
   "kind": "lease",
   "label": "Bitdeer → Volta",
   "lo": 2.43,
   "hi": 2.43,
   "calc": "$4.7B ÷ 16 yr ÷ 121 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1899123/000121390026085655/ea030075201ex99-1.htm",
    "p": "Bitdeer press release",
    "d": "Aug 4, 2026",
    "q": "TDC will deliver 121 IT megawatts (MW), supported by an estimated 133 gross MW, at its Tydal campus in Norway. The agreement represents approximately $4.7 billion in contracted revenue over the initial 16-year base term."
   }
  },
  {
   "kind": "lease",
   "label": "Galaxy → CoreWeave (phase II)",
   "lo": 2.67,
   "hi": 2.67,
   "calc": "$10.4B ÷ 15 yr ÷ 260 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1859392/000185939226000068/launch8-kexhibit99172226.htm",
    "p": "Galaxy Helios Data Centers II notes-offering presentation",
    "d": "Jul 22, 2026",
    "q": "Developing Project Speed Phase II (400 Gross MW / 260 MW Critical IT Load), leased to CoreWeave"
   }
  },
  {
   "kind": "long",
   "label": "IREN → Microsoft",
   "lo": 9.7,
   "hi": 9.7,
   "calc": "$9.7B ÷ 5 yr ÷ 200 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_ex99-1.htm",
    "p": "IREN press release",
    "d": "Nov 3, 2025",
    "q": "IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately $9.7 billion, including a 20% prepayment."
   }
  },
  {
   "kind": "long",
   "label": "Nscale → Microsoft (six sites)",
   "lo": 11.71,
   "hi": 11.71,
   "calc": "$43.8B ÷ 5.5 yr ÷ 680 MW",
   "year": 2025,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-20260918.htm",
    "p": "Nscale Ltd Form S-1",
    "d": "Sep 18, 2026",
    "q": "Between September 2025 and April 2026, we entered into statements of work with Microsoft that provide for payments to us of up to approximately $43.8 billion through December 2033, not including the optional extensions"
   }
  },
  {
   "kind": "long",
   "label": "IREN → Nvidia",
   "lo": 11.33,
   "hi": 11.33,
   "calc": "$3.4B ÷ 5 yr ÷ 60 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm",
    "p": "IREN Form 10-K (FY ended June 30, 2026)",
    "d": "Aug 27, 2026",
    "q": "In May 2026, we entered into a five-year cloud services contract with NVIDIA to support its internal AI and research workloads representing approximately $3.4 billion of total contract value."
   }
  },
  {
   "kind": "long",
   "label": "Sharon AI → Nvidia (up to)",
   "lo": 11.34,
   "hi": 11.34,
   "calc": "$4.9B ÷ 6 yr ÷ 72 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226036254/ex99-1.htm",
    "p": "Sharon AI",
    "d": "Aug 6, 2026",
    "q": "$4.9bn, six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs"
   }
  },
  {
   "kind": "long",
   "label": "Firmus: Batam offtake, backed by Nvidia",
   "lo": 12.73,
   "hi": 12.73,
   "calc": "$27.5B ÷ 6 yr ÷ 360 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://firmus.co/newsroom/firmus-to-build-170-000-gpu-ai-factor-y-campus-with-nvidia-for-global-ai-natives",
    "p": "Firmus",
    "d": "Jun 28, 2026",
    "q": "a strategic compute partnership with NVIDIA running through 2034, anchored by a dedicated 360 MW NVIDIA DSX AI Factory campus in Batam, Indonesia."
   }
  },
  {
   "kind": "long",
   "label": "Volta → Anthropic",
   "lo": 13.77,
   "hi": 13.77,
   "calc": "$10B ÷ 6 yr ÷ 121 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://finance.yahoo.com/technology/ai/articles/ai-cloud-startup-volta-valued-143851167.html",
    "p": "Reuters",
    "d": "Aug 4, 2026",
    "q": "landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies"
   }
  },
  {
   "kind": "long",
   "label": "Nscale → Anthropic",
   "lo": 16.16,
   "hi": 16.16,
   "calc": "$44.6B ÷ 6 yr ÷ 460 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/2110365/000119312526395475/ck0002110365-20260918.htm",
    "p": "Nscale, Form S-1",
    "d": "Sep 18, 2026",
    "q": "we entered into the Anthropic Services Agreements, which provide for aggregate payments to us of up to approximately $44.6 billion, subject to our satisfaction of specified delivery and service availability requirements"
   }
  },
  {
   "kind": "long",
   "label": "Sharon AI → unnamed AI lab",
   "lo": 18.86,
   "hi": 18.86,
   "calc": "$1.32B ÷ 5 yr ÷ 14 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/2068385/000149315226033457/ex99-1.htm",
    "p": "Sharon AI",
    "d": "Jul 16, 2026",
    "q": "Lab valued at US$1.32 Billion over five years."
   }
  },
  {
   "kind": "long",
   "label": "Nebius: its own \"2026 base\"",
   "lo": 12,
   "hi": 12,
   "calc": "company figure",
   "year": 2025,
   "stated": true,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
    "p": "Nebius, Q2 2026 letter to shareholders",
    "d": "Aug 12, 2026",
    "q": "ACV per MW is stepping up(1) Q2 deals >$20M Q3 short-term capacity deals >$40M 2026 base $12M"
   }
  },
  {
   "kind": "long",
   "label": "Nebius: four mid-2026 deals with smaller buyers",
   "lo": 20,
   "hi": 25,
   "calc": "company figure",
   "year": 2026,
   "stated": true,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
    "p": "Nebius, Q2 2026 letter to shareholders",
    "d": "Aug 12, 2026",
    "q": "We closed four landmark deals for our AI cloud business, for an average total contract value (TCV) of more than $1 billion each, and a yield of $20-25 million per megawatt."
   }
  },
  {
   "kind": "long",
   "label": "IREN: recent three-year contracts (more than)",
   "lo": 20,
   "hi": 20,
   "calc": "company figure",
   "year": 2026,
   "stated": true,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm",
    "p": "IREN FY26 results press release",
    "d": "Aug 27, 2026",
    "q": "Recent 3-year contracts >$20m revenue per MW (IT), representing a ~2 year payback"
   }
  },
  {
   "kind": "short",
   "label": "SpaceXAI → Anthropic (90 days' notice)",
   "lo": 30.0,
   "hi": 30.0,
   "calc": "$15B a year ÷ about 500 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm",
    "p": "SpaceX prospectus, Form 424B4",
    "d": "Jun 12, 2026",
    "q": "Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee."
   }
  },
  {
   "kind": "short",
   "label": "CoreWeave: three-to-six-month contracts, Q3 2026",
   "lo": 40,
   "hi": 40,
   "calc": "company figure",
   "year": 2026,
   "stated": true,
   "src": {
    "u": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Continues-to-Contract-New-Compute-Capacity-at-Higher-Prices/default.aspx",
    "p": "CoreWeave press release",
    "d": "Sep 17, 2026",
    "q": "with pricing of approximately $40 million per megawatt"
   }
  },
  {
   "kind": "short",
   "label": "Nebius: first short-term deal, Q3 2026",
   "lo": 40,
   "hi": 50,
   "calc": "company figure",
   "year": 2026,
   "stated": true,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm",
    "p": "Nebius, Q2 2026 letter to shareholders",
    "d": "Aug 12, 2026",
    "q": "We see a price opportunity in the $40-50 million per MW range and we signed our first one this week."
   }
  },
  {
   "kind": "short",
   "label": "SpaceXAI → Google (90 days' notice)",
   "lo": 51.35,
   "hi": 51.35,
   "calc": "$11.04B a year ÷ about 215 MW",
   "year": 2026,
   "stated": false,
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026041150/spacexagreementfwp.htm",
    "p": "SpaceX free writing prospectus, Rule 433",
    "d": "Jun 5, 2026",
    "q": "The compute capacity provided includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components."
   }
  }
 ],
 "tail": [
  {
   "name": "Together AI",
   "group": "neocloud",
   "scale": "More than $1.15B of annual bookings; commitments for more than 500 MW of supply. Sells mostly by the token",
   "buyers": "Cursor, Cognition, Decagon",
   "src": [
    {
     "u": "https://www.businesswire.com/news/home/20260701243402/en/Together-AI-Raises-$800-Million-at-$8.3-Billion-Valuation-to-Make-Frontier-AI-Accessible-to-All",
     "p": "Together AI",
     "d": "Jul 1, 2026",
     "q": "Together AI's annual bookings crossed $1.15 billion last quarter"
    },
    {
     "u": "https://www.together.ai/blog/announcing-our-series-c",
     "p": "Together AI (blog)",
     "d": "Jul 1, 2026",
     "q": "we have secured commitments for over 500 MW of compute capacity to be capitalized independently by our new investors to support our expected compute growth in the coming years"
    }
   ]
  },
  {
   "name": "Lightning AI (Voltage Park)",
   "group": "neocloud",
   "scale": "60 MW active; more than 35,000 GPUs",
   "buyers": "Cursor, Reflection AI, Higgsfield",
   "src": [
    {
     "u": "https://www.forbes.com/sites/iainmartin/2026/01/21/ai-startup-merges-with-a-billionaire-backed-data-center-operator-in-25-billion-deal/",
     "p": "Forbes",
     "d": "Jan 21, 2026",
     "q": "Voltage Park had built up 60 megawatts of active data center capacity with McCaleb's foundation as its majority shareholder."
    },
    {
     "u": "https://finance.yahoo.com/news/lightning-ai-voltage-park-complete-114000466.html",
     "p": "Lightning AI / Voltage Park",
     "d": "Jan 21, 2026",
     "q": "across a fleet of 35,000+ owned and operated H100, B200, and GB300 GPUs"
    }
   ]
  },
  {
   "name": "GMI Cloud",
   "group": "neocloud",
   "scale": "More than $600M of contracted annual revenue",
   "buyers": "Fireworks AI, Reflection AI, OpenRouter",
   "src": [
    {
     "u": "https://www.prnewswire.com/apac/news-releases/gmi-cloud-raises-over-660-million-to-accelerate-global-ai-infrastructure-expansion-302894628.html",
     "p": "GMI Cloud",
     "d": "Oct 1, 2026",
     "q": "Funding will expand GPU capacity across the U.S., Taiwan, and Southeast Asia as contracted ARR tops $600 million … Notable customers include Fireworks, Higgsfield, Nous Research, OpenRouter, Reflection, Cartesia, Trend Micro, and Utopai Studios."
    }
   ]
  },
  {
   "name": "PaleBlueDot",
   "group": "neocloud",
   "scale": "More than $5B of signed customer contracts, by its own count",
   "buyers": "None named",
   "src": [
    {
     "u": "https://convergedigest.com/palebluedot-ai-200m-series-c-3-2b-valuation/",
     "p": "Converge Digest",
     "d": "Oct 2, 2026",
     "q": "PaleBlueDot AI said it had signed more than $5 billion in customer contracts by the end of September 2026, with U.S. and Japanese customers accounting for more than half of monthly revenue."
    }
   ]
  },
  {
   "name": "DigitalOcean",
   "group": "neocloud",
   "scale": "About 155 MW committed; $894M of remaining obligations",
   "buyers": "None named",
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1582961/000162828026052135/a2026-q2dopressrelease.htm",
     "p": "DigitalOcean (Q2 2026 earnings release, 8-K EX-99.1)",
     "d": "Aug 4, 2026",
     "q": "Secured an incremental 20 MW of committed data center capacity expected to come online in 2027 and 2028, bringing total committed capacity to approximately 155 MW, with additional capacity actively being pursued. … Remaining Performance Obligation (“RPO”) (2) was $894 million, of which, $366 million is expected to be recognized over the next 12 months."
    }
   ]
  },
  {
   "name": "TensorWave",
   "group": "neocloud",
   "scale": "222 MW lease at Fermi's Texas site, not yet effective",
   "buyers": "Fireworks AI, Luma AI",
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2071778/000207177826000051/frmi-20260630.htm",
     "p": "Fermi",
     "d": "Aug 14, 2026",
     "q": "The Premises will contain approximately 311,496 square feet, with total facility power of 222 MW, configured across four data halls and one network data hall."
    },
    {
     "u": "https://www.businesswire.com/news/home/20260610650010/en/TensorWave-Raises-$350-Million-Series-B-at-$1.55B-Valuation-to-Expand-Global-AMD-Powered-AI-Infrastructure",
     "p": "TensorWave",
     "d": "Jun 10, 2026",
     "q": "TensorWave is already seeing adoption across next-generation AI companies, including Fireworks AI and Luma AI"
    }
   ]
  },
  {
   "name": "Vultr",
   "group": "neocloud",
   "scale": "50 MW AMD cluster in Ohio, built without a customer lined up",
   "buyers": "Clarifai",
   "src": [
    {
     "u": "https://blogs.vultr.com/vultr-amd-ai-supercluster",
     "p": "Vultr (blog)",
     "d": "Dec 2, 2025",
     "q": "with a new 50 MW deployment at 5C’s Springfield, Ohio campus"
    },
    {
     "u": "https://sg.finance.yahoo.com/news/amd-backed-vultr-build-us-070825397.html",
     "p": "Bloomberg",
     "d": "Dec 2, 2025",
     "q": "There's no customer lined up for the AMD cluster in Ohio yet,"
    }
   ]
  },
  {
   "name": "Bitdeer AI",
   "group": "neocloud",
   "scale": "9.5 MW site in Malaysia fully contracted, for more than $800M of expected revenue",
   "buyers": "None named",
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1899123/000121390026100537/ea030523501ex99-1.htm",
     "p": "Bitdeer",
     "d": "Sep 16, 2026",
     "q": "Bitdeer AI secured 100% contracted GPU capacity for its 9.5 MW A102 facility in Malaysia ahead of energization through long-term commitments, representing more than $800 million in total expected revenue."
    }
   ]
  },
  {
   "name": "HIVE / BUZZ HPC",
   "group": "neocloud",
   "scale": "16.6 MW in Bell Canada sites; two contracts of about $220M and $350M",
   "buyers": "Cohere (with Bell Canada)",
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1720424/000106299326004434/form10q.htm",
     "p": "HIVE Digital Form 10-Q (quarter ended June 30, 2026)",
     "d": "Aug 14, 2026",
     "q": "This expansion represents growth from 4 MW in Manitoba to 16.6 MW of critical IT load across two Provinces of Canada as follows:"
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1720424/000106299326003293/exhibit99-1.htm",
     "p": "HIVE Digital press release",
     "d": "Jun 18, 2026",
     "q": "BUZZ HPC has executed a three-year GPU cloud contract with a total contract value of approximately USD $220 million."
    },
    {
     "u": "https://www.sec.gov/Archives/edgar/data/1720424/000106299326004522/exhibit99-1.htm",
     "p": "HIVE Digital press release",
     "d": "Aug 17, 2026",
     "q": "The agreement represents approximately $350 million in total contract value"
    }
   ]
  },
  {
   "name": "WhiteFiber (GPU cloud)",
   "group": "neocloud",
   "scale": "Orders of $165M and $108M",
   "buyers": "Baseten, Prime Intellect",
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2042022/000121390026088026/ea0300877-10q_whitefiber.htm",
     "p": "WhiteFiber",
     "d": "Aug 12, 2026",
     "q": "we entered into a service order with a new customer, BaseTen Labs, Inc., to provide services utilizing a total of 1,392 B300 GPUs. … The service order represents an aggregate revenue opportunity of approximately $165.2 million. … we entered into a new service order with Prime Intellect to provide services utilizing a total of 576 VR200 (Vera Rubin) GPUs in Canada, representing our first Vera Rubin deployment. … The service order represents an aggregate revenue opportunity of approximately $108.2 million, with service targeted to commence in the second quarter of 2027."
    }
   ]
  },
  {
   "name": "Datasection",
   "group": "neocloud",
   "scale": "15,000 GPUs in Osaka and Sydney; about $1.2B over three years",
   "buyers": "Tencent (reported)",
   "src": [
    {
     "u": "https://www.datasection.co.jp/en-financial-report/en-ir-20250710001.pdf",
     "p": "Datasection timely disclosure (TSE)",
     "d": "Jul 10, 2025",
     "q": "625 GPU servers equipped with 5,000 NVIDIA B200 units, to be installed at the planned AI data center in Osaka Prefecture … (Total amount for three years: 406,026 thousand USD; total amount for five years: 676,710 thousand USD)"
    },
    {
     "u": "https://www.datasection.co.jp/en-financial-report/en-ir-20251003001.pdf",
     "p": "Datasection timely disclosure (TSE)",
     "d": "Oct 3, 2025",
     "q": "This order involves the provision to the Customer of access to GPU servers (1,250 unites) equipped with 10,000 NVIDIA B200s … (Total of USD 800 million for three years; USD 1,334 million for five years)"
    },
    {
     "u": "https://www.tomshardware.com/tech-industry/data-centers/tencent-scores-100-000-offshore-ai-chip-deal-with-oracle-for-usd7-billion-despite-climbing-prices-per-hour-costs-estimated-to-be-43-percent-under-standard-h100-rental-rates",
     "p": "Tom's Hardware",
     "d": "Oct 5, 2026",
     "q": "Tencent previously inked a $1.2 billion-plus deal for Datasection Blackwell rentals in Japan and Australia, the FT reported in December 2025."
    }
   ]
  },
  {
   "name": "Firebird",
   "group": "neocloud",
   "scale": "15 MW in Armenia; 125 MW secured in Kazakhstan",
   "buyers": "Perplexity",
   "src": [
    {
     "u": "https://www.firebird.ai/",
     "p": "Firebird (website)",
     "d": "Oct 7, 2026",
     "q": "DC-1 Our flagship AI factory in Armenia, powered by 6,144 NVIDIA B200 GPUs across 15 MW."
    },
    {
     "u": "https://www.firebird.ai/news-firebird-grand-opening.html",
     "p": "Firebird",
     "d": "Aug 8, 2026",
     "q": "Kazakhstan has become the company's second market, where Firebird has secured 125 megawatts of AI infrastructure capacity at Data Center Valley"
    }
   ]
  },
  {
   "name": "QumulusAI",
   "group": "neocloud",
   "scale": "More than 15 MW active, part of it crypto hosting; $173M of remaining obligations",
   "buyers": "None named",
   "src": [
    {
     "u": "https://www.sec.gov/Archives/edgar/data/2084026/000143774926028924/quma20260630_10q.htm",
     "p": "QumulusAI",
     "d": "Aug 25, 2026",
     "q": "the Company operates across multiple U.S. regions with over 15 MW of active capacity … the aggregate amount of the transaction price allocated to remaining performance obligations for the Company’s direct to customer compute power contracts was $173,107,691"
    }
   ]
  },
  {
   "name": "Groq",
   "group": "lab",
   "scale": "54 MW; a $1.5B Saudi commitment (2025)",
   "buyers": "Humain, Bell Canada, Meta",
   "src": [
    {
     "u": "https://groq.com/newsroom/groq-closes-usd350-million-series-a-building-the-world-s-leading-ai-inference-cloud",
     "p": "Groq",
     "d": "Aug 17, 2026",
     "q": "Groq expects to scale from 54 megawatts to 200+ megawatts in 2027."
    },
    {
     "u": "https://groq.com/newsroom/saudi-arabia-announces-1-5-billion-expansion-to-fuel-ai-powered-economy-with-ai-tech-leader-groq",
     "p": "Groq",
     "d": "Feb 10, 2025",
     "q": "Groq has secured a $1.5 billion commitment from the Kingdom of Saudi Arabia (KSA) for expanded delivery of its advanced LPU-based AI inference infrastructure."
    }
   ]
  },
  {
   "name": "Crux AI (Google–Blackstone)",
   "group": "neocloud",
   "scale": "Plans 500 MW of TPU capacity in 2027",
   "buyers": "None named",
   "src": [
    {
     "u": "https://www.datacenterdynamics.com/en/news/google-blackstones-tpu-neocloud-named-crux-ai-hires-metas-data-center-engineering-head-alan-duong/",
     "p": "DatacenterDynamics",
     "d": "Sep 10, 2026",
     "q": "The company, backed by $5bn from Blackstone, plans to bring 500MW of capacity online in 2027."
    }
   ]
  },
  {
   "name": "Hyperstack, Verda, Sesterce",
   "group": "neocloud",
   "scale": "Hyperstack plans 56 MW more in 2027; Verda targets 250 MW in 2027; Sesterce holds 40 MW at Valence, France",
   "buyers": "No anchor buyer disclosed",
   "src": [
    {
     "u": "https://www.prnewswire.com/news-releases/usdai-provides-34m-facility-to-finance-nexgen-clouds-gpu-deployment-in-sweden-302811063.html",
     "p": "USD.AI / NexGen Cloud",
     "d": "Jun 25, 2026",
     "q": "Later this year, we will be deploying 4,500 NVIDIA B300 GPUs in our new EU2 data centre in Finland, with an additional 56MW of capacity to follow in 2027."
    },
    {
     "u": "https://www.datacenterdynamics.com/en/news/ai-cloud-startup-verda-raises-189m-in-series-b-funding-round/",
     "p": "DatacenterDynamics",
     "d": "Oct 5, 2026",
     "q": "The company is targeting having more than 250MW of operational capacity by 2027."
    },
    {
     "u": "https://www.sesterce.com/newsroom/rovaltain-becomes-a-sesterce-campus",
     "p": "Sesterce",
     "d": "Oct 6, 2026",
     "q": "The original 40 MW power limit remains a firm commitment."
    }
   ]
  }
 ],
 "context": [
  {
   "seller": "SB Energy (SoftBank)",
   "buyer": "OpenAI",
   "mw": 4250,
   "basis": "critical IT",
   "what": "Pike County, Ohio: 20-year leases; Nvidia guarantees up to $105B of payments",
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm",
    "p": "Nvidia 10-Q (quarter ended 26 July 2026)",
    "d": "Aug 26, 2026",
    "q": "related to leases for approximately 4.25 gigawatts of IT load in the aggregate at SB Energy’s PORTS Technology Campus in Pike County, Ohio."
   }
  },
  {
   "seller": "Oracle",
   "buyer": "OpenAI",
   "mw": 4500,
   "basis": "basis not stated",
   "what": "Stargate capacity agreement of July 2025, reported at $300B",
   "src": {
    "u": "https://openai.com/index/stargate-advances-with-partnership-with-oracle/",
    "p": "OpenAI",
    "d": "Jul 22, 2025",
    "q": "Oracle and OpenAI have entered an agreement to develop 4.5 gigawatts of additional Stargate data center capacity in the U.S."
   }
  },
  {
   "seller": "Google (with Broadcom)",
   "buyer": "Anthropic",
   "mw": 5000,
   "basis": "basis not stated",
   "what": "TPU capacity from 2027; reported at $200B",
   "src": {
    "u": "https://techcrunch.com/2026/04/07/anthropic-compute-deal-google-broadcom-tpus/",
    "p": "TechCrunch",
    "d": "Apr 7, 2026",
    "q": "includes 3.5 gigawatts of compute"
   }
  },
  {
   "seller": "Amazon Web Services",
   "buyer": "Anthropic",
   "mw": 5000,
   "basis": "up to",
   "what": "Expanded in 2026 by more than $100B over ten years",
   "src": {
    "u": "https://www.sec.gov/Archives/edgar/data/1018724/000101872426000026/amzn-20260630.htm",
    "p": "Amazon 10-Q (Q2 2026)",
    "d": "Jul 31, 2026",
    "q": "In Q2 2026, AWS and Anthropic announced an expansion of the strategic collaboration and existing multi-year commitment by more than $100.0 billion over 10.0 years"
   }
  },
  {
   "seller": "Nexus Data Centers",
   "buyer": "Anthropic",
   "mw": 500,
   "basis": "campus, reported",
   "what": "Hubbard, Texas leases with a Google guarantee (FT, WSJ)",
   "src": {
    "u": "https://www.datacenterdynamics.com/en/news/google-to-provide-financial-backing-for-multi-billion-dollar-anthropic-data-center-in-texas-report/",
    "p": "DatacenterDynamics",
    "d": "Mar 30, 2026",
    "q": "signed a lease for the project earlier this month"
   }
  },
  {
   "seller": "Reliance (Jamnagar)",
   "buyer": "Meta",
   "mw": 168,
   "basis": "basis not stated",
   "what": "Build-to-suit data center, due within two years",
   "src": {
    "u": "https://rilstaticasset.akamaized.net/sites/default/files/2026-06/10062026_MR_Reliance_and_Meta_to_Develop_AI-Enabled_Data_Centre_in_Jamnagar_Gujarat.pdf",
    "p": "Reliance Industries (media release)",
    "d": "Jun 10, 2026",
    "q": "RIL will develop a data center with 168 MW capacity to be delivered within two years, with an option to scale."
   }
  },
  {
   "seller": "SK Group (Ulsan)",
   "buyer": "Amazon",
   "mw": 103,
   "basis": "basis not stated",
   "what": "15-year AI Zone partnership",
   "src": {
    "u": "https://eng.sk.com/news/sk-group-and-aws-team-up-to-build-cloud-computing-infrastructure-to-support-ai-innovation",
    "p": "SK Group",
    "d": "Jun 22, 2025",
    "q": "15-year strategic deal will expand SK Group and AWS capabilities for customers in South Korea"
   }
  },
  {
   "seller": "Tata (TCS HyperVault)",
   "buyer": "OpenAI",
   "mw": 100,
   "basis": "basis not stated",
   "what": "First phase, with an option to reach 1 GW",
   "src": {
    "u": "https://www.tata.com/newsroom/business/tata-openai-partnership",
    "p": "Tata Group",
    "d": "Feb 2026",
    "q": "In the initial phase, TCS will develop AI infrastructure with 100MW capacity, with an option to scale to 1 GW."
   }
  }
 ],
 "summary": {
  "end_total": 16708,
  "top5": 12900,
  "top5_share": 0.772,
  "n_buyers_sized": 26,
  "n_sellers": 34,
  "n_contracts": 124,
  "landlord_total": 6342,
  "landlord_unnamed": 2077,
  "landlord_undisclosed": 1182,
  "n_landlords": 15,
  "firm_total": 9535.380000000001
 }
}