Meta compute deals

Public agreements, delivery targets, and source evidence for Meta.

Market overview

The commitments behind the buildout

Selected public agreements. Amounts follow the selected filters. Compute purchases and the facilities hosting them can describe the same capacity.

Capacity by contract layer
Layer	Stated amount	Up to	More than
Compute purchases	—	—	—
IT power leases	—	—	—
Campus projects	—	—	—

Upper limits are not firm commitments. Minimums are not exact totals. Each column stands alone; the three layers must not be added together.

Compute purchase agreements

$21B

Stated contract values, over their full terms

Additional upper-limit values

Up to $27B

Additional minimum values

—

2 agreements with comparable USD values. Excludes financing, construction budgets, monthly fees, and overlapping contract updates. These are purchase commitments, not annual capital expenditure.

Compare buyers · 1 companies

Buyer / developer	Agreements	Compute: stated	Compute: up to	Compute: over	Dated targets
Meta	3	—	—	—	1 of 3

Time to Power

When is capacity expected?

1 dated targets · 2 without a first-capacity window

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0 elapsed targets await delivery evidence

Delivery confirmation is still needed for these records. An elapsed target alone does not establish a delay.

Actual time to power: not established

Company targets describe expected availability. Measured time to power requires a dated start and site-level energization evidence.

2027

3–16 months away

Meta / Nebius

Multiple locations · not named · Early 2027

First compute capacity · A first phase may cover only part of the agreement.

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How to read these dates and figures

Dates are the original announced windows. A vague year keeps a full-year range; construction completion and equipment release dates are excluded. 3 announcements disclose no MW allocation. 0 quantified records are excluded from capacity comparisons because their scope is not comparable or overlaps. Export the CSV for the source, quantity terms, and inclusion basis of each agreement.

3 announcements

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AI compute deals, newest announcements first
Announced	Buyer / partner	Value	Capacity	Location / timing	Details
Apr 9, 2026	Meta CoreWeave Cloud compute	$21B · Approx. · through Dec 2032	Undisclosed	Location undisclosed No delivery date disclosed	Agreement signed Deal details 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. CoreWeave announcement ↗Related: Meta / CoreWeave · 2025-09-30 Assess this deal Source ↗
Mar 16, 2026	Meta Nebius Cloud compute	Up to $27B · 5 years	Undisclosed	Multiple locations · not named Early 2027 3–16 months to target	Agreement signed Deal details 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 Nebius announcement ↗Assess this deal Source ↗
Sep 30, 2025	Meta CoreWeave Cloud compute	Up to $14.2B · Through Dec 2031	Undisclosed	Location undisclosed No delivery date disclosed	Agreement signed Deal details 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. CoreWeave SEC filing ↗Related: Meta / CoreWeave · 2026-04-09 Assess this deal Source ↗