Meta compute deals

Meta launched approximately US$35B in public offerings: US$22.5B of Class A common stock under forward sale agreements and US$12.5B of mandatory convertible preferred shares. Meta also plans a separate at-the-market Class C offering of up to US$60B after the class begins trading; the program is not yet established. Meta says the offerings support continued investment in AI infrastructure, but proceeds are for general corporate purposes. Nvidia, AMD, and Broadcom expressed non-binding interest in buying up to US$5B of Class A shares; this is not a committed purchase and is not added. These financing amounts are not project capex, a compute agreement, or MW capacity, and are excluded from financial totals.

Firmus and Meta announced contracted GPU capacity and additional expansion options at Southeast Asian sites. The announcement does not give site names, MW, GPU count, value, or first-capacity timing. Firmus also says Meta already uses its Melbourne AI factory; the source does not tie that existing Australian use to the Southeast Asian agreements or assign it capacity.

Expanded agreement for approximately $21B through December 2032. Includes new capacity and exercise of an option under a previous order. Read with the earlier agreement rather than treating both as independent projects.

Includes $12B of dedicated capacity and up to $15B of additional capacity that remains after sales to other customers. The $27B ceiling is not all dedicated capacity.

Hardware: NVIDIA Vera Rubin

Filed September 30 for a September 25 order. Up to approximately $14.2B through December 2031, subject to delivery and availability terms. An option to expand through 2032 is separate.