Microsoft compute deals
Public agreements, delivery targets, and source evidence for Microsoft.
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.
| Layer | Stated amount | Up to | More than |
|---|---|---|---|
| Compute purchases | — | — | — |
| IT power leases | 200 MW | — | — |
| Campus projects | 900 MW | — | — |
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
$27.1B
Stated contract values, over their full terms
Additional upper-limit values
—
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 |
|---|---|---|---|---|---|
| Microsoft | 6 | — | — | — | 4 of 6 |
Time to Power
When is capacity expected?
4 dated targets · 2 without a first-capacity window
1 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.
2025
Original target passed
Vineland, New Jersey, US · Late 2025 (announced target)
First compute capacity · A first phase may cover only part of the agreement.
2027
3–16 months away
Narvik, Norway · 2027
First compute capacity · A first phase may cover only part of the agreement.
2027
3–16 months away
Abilene, Texas, US · First building: mid-2027
First power · A first phase may cover only part of the agreement.
2027
3–16 months away
Mason County, West Virginia, US · Late 2027
First compute capacity · A first phase may cover only part of the agreement.
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. 1 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.
6 announcements
| Announced | Buyer / partner | Value | Capacity | Location / timing | Details |
|---|---|---|---|---|---|
| Apr 14, 2026 | Microsoft Nscale Cloud compute | Undisclosed | Undisclosed | Narvik, Norway 2027 3–16 months to target | Agreement signedDeal detailsExpanded Microsoft agreement adds more than 30,000 Rubin GPUs at Narvik in 2027. The 230 MW figure describes the campus, not the power allocated to this expansion. Hardware: 30,000+ NVIDIA Rubin GPUs Nscale announcement ↗Assess this deal |
| Mar 27, 2026 | Microsoft Crusoe Campus build | Undisclosed | 900 MW Planned campus capacity | Abilene, Texas, US First building: mid-2027 3–16 months to target | Build announcedDeal detailsNew 900 MW campus serving Microsoft, next to the existing Abilene development. Includes two buildings and onsite generation. The combined 2.1 GW Abilene figure includes the existing campus. Crusoe announcement ↗Assess this deal |
| Mar 16, 2026 | Microsoft Nscale Cloud compute | Undisclosed | Up to 1.35 GW Proposed compute capacity | Mason County, West Virginia, US Late 2027 3–16 months to target | Letter of intentDeal detailsLetter of intent for up to 1.35 GW at Monarch. The campus’s potential power expansion above 8 GW is not the Microsoft allocation. A letter of intent is not a completed supply contract. Hardware: NVIDIA Vera Rubin NVL72 Nscale announcement ↗Assess this deal |
| Nov 3, 2025 | Microsoft IREN Cloud compute | $9.7B · Approx. · 5 years | 200 MW Critical IT load · Horizon 1–4 | Childress, Texas, US Phased through 2026 | Agreement signedDeal detailsApproximately $9.7B over five years, with 20% prepayment. Horizon 1–4 support 200 MW of critical IT load within the 750 MW Childress campus; the full campus is not assigned to this contract. Hardware: NVIDIA GB300 IREN announcement ↗Assess this deal |
| Nov 3, 2025 | Microsoft Lambda Cloud compute | Undisclosed | Undisclosed | Location undisclosed No delivery date disclosed | Agreement signedDeal detailsMultibillion-dollar agreement for tens of thousands of NVIDIA GPUs. No exact contract price or megawatt allocation is disclosed in the announcement. Hardware: NVIDIA GPUs, including GB300 NVL72 Lambda announcement ↗Assess this deal |
| Sep 8, 2025 | Microsoft Nebius Cloud compute | $17.4B · Approx. · through 2031 | Undisclosed | Vineland, New Jersey, US Late 2025 (announced target) Target elapsed · confirm delivery | Agreement signedDeal detailsApproximately $17.4B for dedicated GPU capacity, subject to deployment and availability. Additional services could increase the value to approximately $19.4B. Microsoft can terminate delayed tranches under the filing’s conditions. Nebius announcement ↗Nebius September 8 SEC filing ↗Assess this deal |