Anthropic compute deals

Project Plans 2 and 3 signed September 18 under the May 5 master agreement. Approximately $11.6B is subject to delivery, availability and termination provisions. Potential additional $9B, equity warrants and supplier capital spending are excluded. Site, MW and dated first service are undisclosed.

Hardware: CPU cloud infrastructure

Nscale's September 18 Form S-1 says four Anthropic Services Agreements signed August 25, 2026 provide for aggregate payments of up to approximately US$44.6 billion. CNBC reported that the six-year agreements cover about 460 MW of compute capacity at Monarch and that the campus was expected to come online at the end of 2027. The 460 MW and timing are reported terms, not utility measurements; the filing does not specify whether the MW figure is IT load or total facility power. Do not treat the capacity as energized or delivered. The agreement value is full-term service spend, not annual revenue or infrastructure capital expenditure.

Hardware: NVIDIA Vera Rubin

The consortium signed lease documentation with an Australian Anthropic subsidiary for the first stage of Western Downs Digital Park, subject to customary approvals. The disclosure does not specify leased MW, contract value or delivery date. Consortium funding obligations also remain subject to approvals. Campus estimates are not an Anthropic allocation.

TeraWulf's subsidiary entered a 20-year lease with Anthropic for approximately 401 MW of critical IT load at the Justified Data Campus. Initial leased premises are expected in phases during the second half of 2027; full delivery is expected in early 2028. The lease has two five-year renewal options. TeraWulf states approximately $19 billion of contracted lease revenue over the initial term. That service revenue is not a compute-purchase value or infrastructure investment and is excluded from contract-value analytics. The August 5 filing says the lease had not commenced as of the filing date. This is a customer IT-load allocation, not the campus's gross power availability or proof of energized capacity.

The May 6 announcement covers more than 300 MW at Colossus 1. SpaceX’s June 5 prospectus describes Anthropic service agreements across Colossus 1 and 2, approximately 325,000 GPUs, and a $1.25B monthly fee at that time. Anthropic’s October 26 Form S-1 reports that agreements entered into or amended between May and October provide for up to $120.5B through 2029, with fees of about $3.1B per month after all capacity is delivered, which Anthropic expected in December 2026. The separate agreements have initial non-cancelable periods ending in January and March 2027, after which either party may cancel with 90 days’ notice. The upper-limit spend is not a guaranteed contract value. The filing does not add a new MW allocation or give an energization date. Orbital compute remains an expression of interest.

Hardware: 220,000+ NVIDIA GPUs

Anthropic committed more than $100B over ten years to AWS technologies for up to 5 GW of new Trainium and related capacity. Nearly 1 GW is expected before the end of 2026. Amazon also announced a $5B equity investment, with up to $20B more later; those equity figures are omitted from the dollar column.

Hardware: Trainium2–4

Multi-year agreement to support Claude development and deployment, with capacity starting later in 2026. No exact dollar or megawatt figure is disclosed.

The April 6 announcement is for multiple gigawatts of next-generation TPU capacity starting in 2027. Anthropic’s May 6 recap states a 5 GW agreement with Google and Broadcom. No public dollar figure appears on either Anthropic page. Builds on a prior October 2025 TPU-capacity increase.

Hardware: Google TPUs

Anthropic committed to purchase $30B of Azure compute capacity and to contract additional capacity up to 1 GW, initially on NVIDIA Grace Blackwell and Vera Rubin systems. NVIDIA and Microsoft also committed to invest up to $10B and $5B in Anthropic; those equity figures are omitted from the dollar column. Amazon remains Anthropic’s stated primary cloud and training partner.

Hardware: Grace Blackwell / Vera Rubin

Anthropic announced a $50B investment in U.S. computing infrastructure, building data centers with Fluidstack in Texas and New York. The announcement says Fluidstack can deliver gigawatts of power but does not state a megawatt figure. This is an infrastructure build, not a cloud offtake.