Contract Ledger

On October 26, 2026, Broadcom Inc. (the “Company”) arranged for financial partners to take on a portion of certain agreements to purchase AI racks based on custom AI accelerators designed by the Company and the related lease agreements with the Company’s customer that enable the deployment of compute capacity. ... The Company’s potential liability under the Backstop will be equal to any difference between 72.5% of the outstanding amounts owed on the lease and the value of the AI racks received upon the sale of the assets at that time. The Company’s maximum potential liability under the Backstop upon the deployment of the AI racks, on an undiscounted basis, is approximately $43 billion.

On October 5, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) issued a press release (the “Press Release”) announcing that its wholly-owned subsidiary, DB Long Hunts Data LLC, entered into amended and restated transmission infrastructure and energy service agreements (the “Amended & Restated KY Power Agreements”) with Kentucky Power Company (“Kentucky Power”), an American Electric Power company. The Amended & Restated KY Power Agreements increase the Company’s contracted power capacity at its Muskie Data Campus (“Muskie”) in eastern Kentucky from 500 megawatts (“MW”) to 1 gigawatt (“GW”).

Concurrently with the execution of the Amendment, the Company entered into a binding commitment with a leading AI lab to enter into a ten-year lease for the Barber Lake Facility (the “New Barber Lake Lease”) to commence following the term of the Barber Lake Lease with Fluidstack (the “Commitment”), thereby extending the aggregate contracted term for the Barber Lake Facility to twenty years. The New Barber Lake Lease will contain economic terms that are substantially consistent with the Barber Lake Lease and is expected to result in incremental aggregate contracted revenue of approximately $5.2 billion.

Bitdeer AI executed a 10-year data center services agreement securing an additional 65.1 MW at its A202 facility on the Johor campus, scaling total campus AI Cloud capacity to 86.8 MW to capture high-density compute demand.

Bitdeer AI advanced hardware readiness for its A201 facility by procuring 133 racks of GB300 ahead of energization at market price from an unaffiliated third-party supplier, ensuring seamless post-energization deployment and rapid time-to-market.

Bitdeer announced a 16-Year AI/HPC Data Center Lease for its Tydal, Norway Campus, representing approximately $4.7 billion of total contract value over the initial base term, with the potential to reach a total contract value of approximately $8.0 billion if the tenant exercises its one-time 8-year lease extension. ... $4.7B, 16-Year Lease with Volta at Tydal, Norway

Extension: One-time 8-year lease extension; potential total contract value ~$8.0B if exercised.

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.

Dec 2025 Nscale anchor contract 40 MW IT load / ~$865M TCV ... Anchored by a 10-year, 40 MW IT load agreement with Nscale, with expansion potential beyond the initial deployment.

Extension: Expansion potential beyond the initial deployment.

Approximately $4.7 billion in contracted revenue over the initial 16-year base-term, with the potential to reach a total contract value of $8.0 billion through a one-time 8-year lease extension. ... Tenant is a subsidiary of Volta; the entire 121 IT MW will be configured to run NVIDIA GPUs for the end customer, a leading AI lab. Credit backstop is anticipated to be arranged by affiliates of two leading top-tier global financial institutions via Letters of Credit, totaling approximately $1.3 billion and subject to customary conditions.

Extension: Potential total contract value of $8.0 billion through a one-time 8-year lease extension.

The cluster will consist of 2,016 NVIDIA Blackwell Ultra GPUs in NVIDIA GB300 NVL72 rack-scale systems and will be deployed at a facility in Merritt, British Columbia. ... The estimated total contract value is approximately $350 million over the five-year term.

NVIDIA entered into multiple residual value guaranties (collectively, the "Agreements") with SB Energy (the "Lessor") relating to leases for approximately 4.25 gigawatts of IT load in the aggregate at the Portsmouth Site. ... NVIDIA's aggregate payment obligation is cumulatively capped at $105 billion for its initial commitment under the Agreements.

Extension: NVIDIA can provide credit support to secure approximately an additional 3.8 gigawatts at the Portsmouth Site, exercisable in its sole discretion.

SB Energy will build, own and operate the data center under a 20-year lease to OpenAI. ... OpenAI will utilize the capacity at the site. The AI factory will use NVIDIA's full-stack DSX AI factory platform, including GPUs, CPUs and networking. The initial deployment is designed to support 4.25 IT-GW of AI factory capacity.

Extension: NVIDIA has the option to extend the opportunity at PORTS-Pike beyond the initial 4.25 IT-GW; OpenAI will be the customer for 8 IT-GW total.

Since its last earnings call, WhiteFiber has also signed new multi-year Cloud Services agreements representing more than $540 million of aggregate contract value over their initial terms.

Initial billing has commenced at NC-1, with full contracted run-rate billing across 40 megawatts of contracted IT load expected later this month.

Total contract value: Approximately $4.7 billion over the initial 16-year base term; Tenant has a no fee termination right at 10 years ... TDC will deliver 121 IT MW of contracted critical load, supported by an estimated 133 gross MW of capacity, at the Tydal, Norway campus

Extension: 8-year renewal option increases potential total contract value to approximately $8.0 billion over 24 years

Financing: $573 million interim financing facility provided by Morgan Stanley to fund initial development costs while the investment-grade credit backstop is finalized.

Subsequent to quarter end, Riot announced the execution of a Data Center Lease and Services Agreement (the “Data Center Lease”) with one of the world’s leading frontier AI labs, for 191 MW of critical IT capacity at Riot’s Rockdale campus. The Data Center Lease carries an initial term of 20 years, running through June 2048, and is expected to generate approximately $9.1 billion in total initial contract revenue. The Data Center Lease also includes two five-year extension options at the tenant’s election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised.

Extension: Two five-year extension options at tenant’s election; total potential contract value approximately $16.1 billion if both extensions are fully exercised.

CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today announced it has closed its $2.6 billion delayed draw term loan facility (“DDTL 5.5 Facility”), supporting the continued expansion of its AI cloud platform and committed customer contracts.

Bitdeer AI... announced today that it has executed a 16-year colocation lease and services agreement through its subsidiary, Tydal Data Center AS ("TDC") with Volta Tydal AS, a subsidiary of Volta... Under the agreement, 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.

Extension: One-time 8-year renewal option; potential total contract value of approximately $8.0 billion over 24 years

Phase III Contracted Critical IT Load3 133 MW 2028 Initial Rent Commencement

Extension: Two 5-year extension options beyond initial 15-year term; total potential lease term 25 years.

Entered into a 20-year data center lease with Anthropic for approximately 401 MW of critical IT capacity at the Justified Data Campus. 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.

Extension: Two five-year extension options; up to approximately $33 billion if both exercised.

Acquired the Muskie Data Campus in Eastern Kentucky and entered into electric service and related infrastructure agreements with Kentucky Power Company providing for up to 1 GW of contracted electric service.

completed delivery of CB-3 in early July, increasing revenue-generating capacity to 102 MW and satisfying the applicable conditions for $600 million of Google’s credit support for Fluidstack’s lease obligations to become effective.

The Issuer intends to use the net proceeds from this Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas ... Galaxy LP to provide the Landlord with the funds as necessary to ensure that each phase of the Project required to be delivered to CoreWeave, Inc. (the “Tenant”) pursuant to the lease agreement, dated August 8, 2025, as amended (the “Data Center Lease”), satisfies all conditions applicable to the commencement of rent for each such phase

Galaxy Digital Holdings LP (“Galaxy LP”), the indirect parent of the Issuer, has provided a customary, uncapped completion guarantee with respect to the Project, which will require Galaxy LP to provide the Landlord with the funds as necessary to ensure that each phase of the Project required to be delivered to CoreWeave, Inc. (the “Tenant”) pursuant to the lease agreement, dated August 8, 2025, as amended (the “Data Center Lease”), satisfies all conditions applicable to the commencement of rent for each such phase, in each case in the event that the proceeds of the Notes and the available funds (including prior equity contributions) are insufficient to do so.

On July 28, 2026, Galaxy Helios Data Centers II LLC (“Issuer”), an indirect wholly owned subsidiary of Galaxy Digital Inc. (the “Company”), completed its previously announced private offering (the “Offering”) of 9.875% Senior Secured Notes due 2031 (the “Notes”). ... The aggregate principal amount of Notes sold in the Offering was $3,507,000,000.

On July 27, 2026, the Company entered into Lease Agreements (collectively, the “AMD Leases”) with Advanced Micro Devices, Inc. (“AMD”) for an aggregate of 377 MW of critical IT capacity at the Company’s Pecos, TX; Muskogee, OK; and Hunt County, TX sites; and Lease Agreements (the “Neocloud Leases,” and collectively with the AMD Leases, the “Leases”) with a Neocloud (“Neocloud”), for 152 MW of critical IT capacity at the Company’s Auburn, AL and Dalton Phase 3, GA sites. Each of the Leases is for a fifteen year term with three five-year options.

Extension: Three five-year options

In July, signed two hyperscale leases, representing $410 million of annualized GAAP base rent at 100% share, or $205 million at Digital Realty's share

Backed by Nvidia who owns a ~11.5% equity stake and is obligated to purchase up to $6.3Bn of residual cloud capacity through April 2032

Developing Project Speed Phase II (400 Gross MW / 260 MW Critical IT Load), leased to CoreWeave ... 260 MW Critical IT Load Under Contract 15 Years Base Lease Term + Two 5-Year CoreWeave Extension Options ... $10.4Bn (3) (5) Minimum Contracted Lease Payments Q2'27 (5) Initial Targeted Rent Commencement Date ... 3.0-5.0% (4) Annual Rent Escalator ... does not include a $100M options payment already received from CoreWeave

Extension: Two 5-year CoreWeave extension options

10-year lease agreement signed for new data center in Malaysia to provide 21.7 IT MW of capacity, with handover to Bitdeer expected Q1 2027. Facility planned to support deployment of 128 NVIDIA GB300 NVL72 systems.

GB300 Customer Delivery: 5-year GPU cloud sales contract executed and successfully completed customer deliveries following the deployment and production launch of 2 units of NVIDIA GB300 NVL72 clusters

Tydal, Norway lease has been executed, subject to certain conditions precedent ... Tydal, Norway – phase 1: 50 MW, Q4 '26, Crypto to Colocation

today announced the commercialization of the second phase of its one-gigawatt Beacon Point data center campus in Nueces County, Texas through a second 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity (the "Transaction"). ... Base-Term Contract Value: $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.

Extension: Three 5-year renewal options per lease; if all options are exercised, potential campus-level contract value increases to $50.2 billion.

The Facility Agreement provides for a senior secured term loan facility in an aggregate principal amount of approximately $775 million. ... The vehicle is backed by deployed GPU infrastructure and contracted cash flows from an agreement with an investment-grade customer. The facility matures October 31, 2030, and is priced at SOFR + 2.50%.

The Facility Agreement provides for a senior secured term loan facility in an aggregate principal amount of approximately $775 million. ... The maturity date of the Facility Agreement is October 31, 2030.

On July 10, 2026, the Company entered into the Lease with the Tenant. Under the Lease, the Tenant will lease data center infrastructure at the Company’s Sandersville, Georgia campus supporting 175 megawatts of critical information technology load. The Lease is a triple net lease (meaning all costs, charges, indemnities and expenses of every kind and nature will be paid by the Tenant) with annual escalators and an initial term of 20 years. The Tenant has two options to extend the term for five years each. ... Twenty-year triple-net (NNN) lease totaling $6.6 billion in contracted revenue, with up to $11.6 billion after full extension options 175 MW of critical IT load with deliveries expected to begin in Q4 2027 to a high-investment-grade tenant

Extension: Two five-year extension options; up to $11.6 billion if both exercised.

The Project Company holds (i) rights under certain purchase and sale contracts to acquire land located in Texas (the “Site Under Contract”), (ii) title to an additional parcel of adjacent land (the “Owned Site” and, together with the Site Under Contract, the “Site”), and (iii) rights under a letter agreement with an electric utility company (the “LOA”) relating to the provision of 2,000 megawatts of power capacity to the Site.

On July 6, 2026, TeraWulf Inc. (the “Company”) announced that its subsidiary Raylan Data LLC (the “Landlord”) entered into a 20-year lease agreement (the “Justified Data Campus Lease”) with Anthropic PBC (“Anthropic”), as tenant. Under the Justified Data Campus Lease, the Landlord will provide Anthropic with approximately 401 MW of critical IT load for high-performance computing (“HPC”) operations at the Company’s data center campus located in Hawesville, Kentucky (the “Justified Data Campus”). ... 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.

Extension: Anthropic has the option to extend the term for up to an additional ten years through two successive five-year renewal options.

the Company announced that it has signed a co-location letter of intent (the “Boden LOI”) with a Swedish technology company for an 8-to-10 year lease of the Company's 32 megawatt (“MW”) facility located in Boden, Sweden. The Boden LOI contemplates a term of up to 10 years for a usable critical IT load of approximately 25 MW.

To support development of the site, Digital Realty has entered into an Energy Service Agreement with the local utility to provide 600 megawatts of utility power by early 2028, rising to two gigawatts at full delivery.

BUZZ HPC has executed a three-year GPU cloud contract with a total contract value of approximately USD $220 million. Through BUZZ HPC, HIVE has procured NVIDIA AI infrastructure powered by 2,304 NVIDIA Grace Blackwell GPUs as a part of NVIDIA GB200 NVL72 rack-scale systems interconnected with NVIDIA Quantum InfiniBand scale-out networking, built to NVIDIA reference architecture standards and utilizing advanced liquid cooling.

the Boden Municipal Council has approved the Company's acquisition of the Company's leased facility known as the "Big Boden 32 MW data center" from Bodens Utvecklings AB (the "Boden Acquisition").

Most of the RPO increase in both Q3 and Q4 were large scale AI contracts where the customer prepaid Oracle for the purchase of the GPUs, or the customer bought and supplied the GPUs to Oracle. The prepaid and customer supplied hardware portions of our large AI contracts now total $75 billion.

The Issuer intends to use the proceeds from the Offering to (i) finance (1) the development and construction of a turnkey data center, comprising six data halls with a combined total of 352 megawatts (“MW”) of critical IT capacity, to be built on an approximately 521-acre property in Nueces County, Texas (the “Property”), and (2) construction of the substation located on the Property (together, the “Data Center Project”), which data center facility will be leased to a tenant that is a high-investment-grade company (i.e., rated AA- or higher) as of the date hereof (the “Tenant”) pursuant to the Data Center Lease Agreement (as amended, the “Lease”)

On June 9, 2026, Beacon Point DC LLC (“Issuer”), an indirect wholly-owned subsidiary of Hut 8 Corp. (the “Company” or “Hut 8”), completed its previously announced private offering (the “Offering”) of 6.129% Senior Secured Notes due 2042 (the “Notes”). ... The aggregate principal amount of Notes sold in the Offering was $4,250 million. ... The Issuer intends to use the proceeds from the Offering to (i) finance ... a turnkey data center, comprising six data halls with a combined total of 352 megawatts (“MW”) of critical IT capacity ... which data center facility will be leased to a tenant ... pursuant to the Data Center Lease Agreement (as amended, the “Lease”)

Per the Duke Energy Capacity Agreement, Duke Energy agreed to commercially reasonable efforts to achieve 99.0 MW by May 2029. Duke Energy has completed the work required to deliver the initial 54 gross MW of utility power to the NC-1 site.

Paris Region Deployment Investment-grade technology customer >$160M Total Contract Value 5 Yrs Contract Term Jul '26 Service Commences • Advanced NVIDIA GPU systems deployed in France • Supported by customer prepayments and project-level financing

U.S. — OWNED FLEET Hyperbolic / Modal Labs Modal Labs as end customer & reference partner ~$17M Total Contract Value 2 Yrs Contract Term Jun '26 Revenue Begins • Deploys H200 GPUs from WhiteFiber's existing owned fleet

Signed 10-year, 40MW IT load agreement with Nscale representing ~$865M TCV

Extension: Potential expansion toward ~2x initial deployment by end of 2027; Nscale receives priority notification rights for future site capacity.

MTL-3 7 Gross MW Capacity: 100% Operational Customer: Cerebras Systems IT Load: 5 MW Term: 5 years ... In March 2025, Cerebras selected WhiteFiber to design and deliver a Tier III-compliant retrofit data center on an aggressive timeline.

Applied Digital also entered into a Memorandum of Understanding with CoreWeave on June 5, 2026, to assign the lease with CoreWeave for Building 3 at the Polaris Forge 1 campus to a CoreWeave subsidiary, if that subsidiary achieves an investment grade credit rating.

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.

Extension: Renewal options; total term up to 30 years with total revenue ~$12.7B

announcing the intention of Stingray Compute LLC, its wholly-owned indirect subsidiary, to offer, subject to market conditions and other factors, $810.0 million aggregate principal amount of senior secured notes due 2031

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 ... Purpose-built HPC data center located in Andrews, TX with 70 MW of Critical IT load under contract, with initial rent targeted to start on April 1st, 2027 ... 15 + Three 5-Year Tenant Extension Options ... ~$2.0 - $5.7 Bn Contracted Lease Payments ... 3.0 % Annual Rent Escalator ... Tenant Lease Guarantee: Amazon.com, Inc. (public parent) fully guarantees all base rent and operating expenses

Extension: Three 5-year tenant extension options; if all exercised at ceiling rental rate, total contracted lease payments would be approximately $5.7 billion.

Beacon Point DC LLC (the “Issuer”), has priced a $4.25 billion private offering (the "Offering") of 6.129% senior secured notes due 2042 (the “Notes”).

finance (1) the development and construction of a turnkey data center, comprising six data halls with a combined total of 352 megawatts of critical IT capacity, to be built on an approximately 521-acre property in Nueces County, Texas (the “Property”) and (2) the construction of the substation located on the Property (together, the “Project”), which data center facility will be leased to a tenant that is a high-investment-grade company (i.e., rated AA- or higher) as of the date hereof (the “Tenant”) pursuant to the Data Center Lease Agreement (as amended by the First Amendment to Data Center Lease Agreement, the “Lease”)

$2.1 billion aggregate principal amount of Hardware 3’s 5.96% senior notes due December 31, 2031 (the “Notes”) pursuant to a note purchase agreement ... to partially fund the acquisition of the GPU infrastructure and other costs to support Hardware 3’s agreement dated November 2, 2025 (the “Microsoft Contract”)

The Term Loan provides for loans in an aggregate principal amount of up to $100 million, which may be increased to $150 million (the “Facility Size”) upon mutual agreement of the parties. ... The interest rate is equal to 9.5% per annum before the Rate Step Down Event, and 8% thereafter. The “Rate Step Down Event” will occur when the Borrower has delivered reasonable evidence to the Lender that the following conditions have been satisfied: (i) the development of a 40 megawatt Phase I buildout of NC-1 has been substantially completed and (ii) at least 80% of the Phase I data center capacity has been leased to tenants at market rates.

On May 26, 2026, the Lender assigned a $20 million portion of an Advance under the Term Loan to B. Riley Securities, Inc. (“B. Riley”), a Delaware corporation, pursuant to an Assignment and Assumption Agreement ... B. Riley became a lender of record under the Term Loan with respect to such assigned Advance on the same economic terms as the Lender, including the Interest Rate, MOIC Amount and security interest in the Collateral. The assigned Advance has a term of 90 days.

Delivery of the initial 500 megawatts (“MW”) is expected to ramp beginning in the second half of 2028, with an additional 500 MW targeted for delivery in the second half of 2030. ... Kentucky Power, an AEP Company, is constructing a 345 kV substation connected to the existing 765 kV transmission network, providing redundant, utility-scale power infrastructure designed to support the full 1+ GW campus. Transmission infrastructure and energy service agreements for the Muskie Data Campus were executed concurrently with the MIPA pursuant to the applicable Industrial General Service tariff structure for large loads, establishing a clear pathway to long-term, large-scale power delivery.

On May 19, 2026, IE US Hardware 4 Inc. (“IE US Hardware”), a wholly owned subsidiary of IREN Limited (the “Company”), and Dell Marketing L.P. (“Dell”) entered into purchase documentation (the “Dell Purchase Agreement”) pursuant to which Dell will supply to IE US Hardware GPUs and ancillary products and services (“GPUs”) for an aggregate purchase price of approximately $1.6 billion payable in installments within 30 days of each tranche shipping.

The agreement represents total contract value in excess of $160 million over the five-year term and is expected to commence service in July 2026, subject to final equipment delivery and acceptance milestones.

WhiteFiber has secured third-party data center capacity in France to support the deployment.

In connection with the deployment, WhiteFiber has entered into a binding term sheet for project-level financing, which is expected to close in June 2026.

Soluna partnered with Metrobloks to unlock 100+ MW of AI and HPC capacity, secured 500+ acres of additional land, advanced Phase 1 to 30% schematic design, and began procurement of long-lead equipment for the up to 300 MW+ site.

Acquired 150 MW Briscoe Wind Farm for $53 Million – Soluna acquired the Briscoe Wind Farm, achieving full vertical integration at Project Dorothy and securing the energy foundation for the planned 300 MW Dorothy 3 AI campus. Financed through $12.5 million from Generate Capital and cash on hand, the acquisition is projected to generate $6 million to $11 million in Year-One Adjusted EBITDA and $20.0 million to $24.4 million in annualized revenue.

All three phases of Project Kati 1A, totaling 48 MW, reached completion ahead of schedule, supported by $10.9 million in project-level financing from Spring Lane Capital.

providing for a $3.1 billion delayed draw term loan facility (the "DDTL 5.0 Facility"). The DDTL 5.0 Facility was entered into primarily to finance capital expenditures required to perform certain customer contracts, including the acquisition of GPU servers and related infrastructure. ... Proceeds from the DDTL 5.0 Facility will support the purchase and deployment of infrastructure dedicated to customer contracts with two large, non-investment grade customers

We landed a second large agreement with Meta for up to $27 billion, giving us substantial new capital to accelerate the growth of our AI cloud business and pursue potential additional financing at attractive rates. The deal comprises two parts: A $12 billion, five-year purchase of compute capacity that is scheduled to begin in early 2027; An additional $15 billion contract that allows Nebius to sell capacity to Meta on pre-agreed terms, or to our AI cloud customers at market rates.

we are announcing a new site in Pennsylvania where we have secured power for a deployment of up to 1.2 GW.

Private high-capacity wavelength services to Grand Falls - the connectivity moat that separates a powered campus from a sovereign AI factory ... The estimated capital commitment from HIVE will be approximately $3.1 million over 5 years (all amounts in US dollars, unless otherwise indicated).

Capacity under lease arrangement

Recent deployments include: 2 units of GB300 delivered to our leased Malaysia datacenter at the end of April and 16 units of B300 delivered in the US in early May.

certain electrical service agreements with Oklahoma Gas and Electric Company (the “ESAs”) providing for up to 440 megawatts of continuous electricity to the Premises and other utility contracts servicing the Premises.

CoreWeave has leased 526 MW of critical IT capacity for a period of 15 years, generating anticipated average annual revenue of over $1B for the combined three phases. ... Phase III Contracted Critical IT Load 133 MW

Extension: Two 5-year extension options

On April 27, 2026, Hut 8 DC LLC ... announced its intention to offer ... $3,248 million aggregate principal amount of senior secured notes due 2042 ... finance a portion of the development and construction of a turnkey data center with 245 megawatts of critical IT capacity and the related substation at the Company's River Bend campus located in St. Francisville, Louisiana ... statements relating to the Company's AI data center lease at River Bend, expected NOI contribution and expected levered free cash contribution of the lease ...

In addition, Core Scientific has secured an incremental 300 MW of gross power capacity under contract with its utility provider.

Power is also supplied to Marble Campus pursuant to two Electric Service Agreements with Duke Energy Carolinas, LLC (collectively, the "Duke Energy Contracts"), one with a contract demand of 48,000

The Austin Colocation License Agreement grants a license for use of two suites, and each suite has a term of 84 months. ... each of Suite 1 and Suite 2 ramp from $0 per month in months 1–2, to $920,000 per month in months 3–5, and then escalating from $1,895,200 per month in months 6–12 with additional 3% escalations each year to $2,262,967.92 per month

Extension: Two successive five-year extension options available to CoreWeave (with the exception of the Austin Colocation License Agreement, which does not include...).

Scientific Muskogee all of its rights and obligations under the Muskogee Colocation License Agreement, pursuant to executed agreements.

Extension: Two successive five-year extension options available to CoreWeave.

all of its rights and obligations under the Denton Lease and the Denton Colocation License Agreement pursuant to executed agreements.

Extension: Two successive five-year extension options available to CoreWeave.

("DME"), pursuant to a power purchase agreement (as amended, the "DME Contract"), for a total potential campus load of approximately 394 MW.

Jane Street has committed approximately $6 billion to use CoreWeave’s AI cloud platform. ... CoreWeave will provide Jane Street with access to next-generation compute across multiple facilities, including NVIDIA’s Vera Rubin technology and the software and services required to deploy and scale its AI solutions.

We have customer commitments that make our capex investments predictable. We're not investing approximately $200 billion in capex in 2026 on a hunch. The recent OpenAI commitment (over $100 billion) is an example of this, but there are several other customer agreements completed (and unannounced), or deep in process.

On March 31, 2026, the Company and Meta Platforms, Inc. (“Meta”) entered into a new order form (the “Order Form”) under the existing Master Services Agreement (“MSA”) dated as of December 10, 2023, pursuant to which the Company provides Meta access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the Company by Meta and as may be amended upon the Company’s and Meta’s mutual agreement. Subject to any termination described below and satisfaction of delivery and availability of service requirements, 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 un

Broadcom, Google and Anthropic PBC (“Anthropic”) have expanded their current strategic collaboration under which Anthropic, beginning in 2027, will access through Broadcom approximately 3.5 gigawatts as part of the multiple gigawatts of next generation TPU-based AI compute capacity committed by Anthropic.

The Briscoe Project Company owns an approximately 149.85 MW nameplate capacity wind generation project located in Briscoe and Floyd counties, Texas (the “Briscoe Project”). ... The aggregate closing payment under the MIPA was approximately $53,000,000.

Under the Amended Credit Agreement: (i) Tranche A-1 and Tranche A-3 loan commitments finance the Dorothy 1A Project and the Dorothy 2 Project, respectively; and (ii) Tranche B loan commitments finance the development and construction of the Kati Project. ... Among other changes, the Amendment: (i) adds the Tranche C Borrower as a new borrower and guarantor; (ii) establishes Tranche C loan commitments of $12,500,000 to finance the Briscoe Project Acquisition; (iii) adds the Briscoe Project Company as a guarantor following the acquisition; and (iv) includes the Briscoe Project as a new project under the Amended Credit Agreement.

providing for an $8.5 billion delayed draw term loan facility (the "DDTL 4.0 Facility"). The DDTL 4.0 Facility was entered into primarily to finance capital expenditures required to perform a customer contract, including the acquisition of GPU servers and related infrastructure.

today announced its subsidiary, Tydal Data Center AS ("TDC") has entered into an agreement with Data Center Installations AS ("DCI"), a Norwegian data center and critical infrastructure specialized contractor. Under this agreement, DCI will leverage its extensive experience to develop and convert the TDC facility into an artificial intelligence (AI) data center primarily for co-location of the latest Nvidia Vera Rubin AI technology. The project will deliver 180 MW of gross installed capacity with an anticipated completion date of December 2026.

In 2025, the Company signed an MOU with Metrobloks for an initial 100+ MW critical IT development, with a roadmap to expand to over 300 MW.

British Columbia (Phase 2): Option for an additional 7.6 MW of critical IT load in 2027, supporting an additional 3,000 next-generation high-power density AI-optimized GPUs.

Extension: Option to scale an additional 7.6 MW of critical IT load in 2027; not stated whether exercised.

A further Order establishes an arrangement that provides Meta with access to any unsold capacity in respect of certain GPU clusters as specified in the Agreement. It is the Company's current intention to sell such capacity in its AI cloud to third-party customers. Under the terms of this Order, in instances where the relevant capacity is not sold by Nebius to other customers, Meta is obligated to purchase such unsold capacity for the remainder of the period ending 5 years from the date on which such unsold capacity was initially deployed. This Order has a potential total contract value of up to $15 billion.

The Issuer intends to use the net proceeds from the offering to fund the development and construction of 200 megawatts of critical IT load at Polaris Forge 2, its AI Factory campus in Harwood, North Dakota currently leased to Oracle

On March 4, 2026, Applied Digital Corporation announced that APLD ComputeCo 2 LLC priced its offering of $2.15 billion aggregate principal amount of 6.750% senior secured notes due 2031 ... APLD Compute 2 intends to use the net proceeds from the Offering to fund the development and construction of 200 megawatts of critical IT load at Polaris Forge 2.

The Design-Build Agreement contemplates the engineering, procurement, construction and commissioning of a power generation facility with an expected nameplate capacity of approximately 1.2 GW anticipated to support power needs for data center operations, including potentially supplying power to the Company’s own data center campuses under future separate power supply agreements. ... Applied Digital’s maximum potential exposure under the Guarantee is effectively limited by the obligations of Base Electron under the Design-Build Agreement, which provides for an anticipated total contract price of approximately $2.4 billion

In connection with and as partial consideration for the Company’s entry into the Guarantee, Base Electron has agreed to issue to Applied Digital 10% of Base Electron’s outstanding equity. ... Applied Digital’s maximum potential exposure under the Guarantee is effectively limited by the obligations of Base Electron under the Design-Build Agreement, which provides for an anticipated total contract price of approximately $2.4 billion, subject to Applied Digital’s right to limit those obligations by terminating the Guarantee under the circumstances set forth in Item 1.01 of this Current Report on Form 8-K. ... the payment by the Company of a termination fee equal to either $50 million (if paid by August 1, 2026 and Base Electron is current in its payments to B&W) or $100 million.

On March 4, 2026, IE US Hardware 4 Inc. (“IE US Hardware”), an indirect wholly owned subsidiary of the Company, and Dell Marketing L.P. (“Dell USA”) entered into purchase documentation (the “Dell USA Purchase Agreement” and, together with the Dell Canada Purchase Agreement, the “Dell Purchase Agreements”) pursuant to which Dell USA will supply to IE US Hardware GPUs and ancillary products and services, scheduled to be delivered in phases during the second half of 2026, for an aggregate purchase price of approximately $1.2 billion payable in installments within 30 days of each tranche shipping.

On March 4, 2026, IE CA Leasing Ltd. (“IE CA Leasing”), a wholly owned subsidiary of IREN Limited (the “Company”), and Dell Canada Inc. (“Dell Canada”) entered into purchase documentation (the “Dell Canada Purchase Agreement”) pursuant to which Dell Canada will supply to IE CA Leasing GPUs and ancillary products and services, scheduled to be delivered in phases during the second half of 2026, for an aggregate purchase price of approximately $2.3 billion payable in installments within 30 days of each tranche shipping.

On March 2, 2026, the Company issued a press release announcing the intention of APLD ComputeCo 2 LLC, its subsidiary, to offer, subject to market conditions and other factors, $2.15 billion aggregate principal amount of senior secured notes due 2031 in a private offering ... APLD ComputeCo 2 LLC intends to use the net proceeds from the Offering to fund the development and construction of 200 megawatts of critical IT load at Polaris Forge 2, its AI Factory campus in Harwood, North Dakota currently leased to Oracle

OpenAI and AWS are expanding their existing $38 billion multi-year agreement by $100 billion over 8 years. The expansion includes OpenAI committing to consume approximately 2 gigawatts of Trainium capacity through AWS infrastructure, which will support demand for Stateful Runtime, Frontier, and other advanced workloads.

Lake Mariner secured long-term lease commitments for: • 60 critical IT MW with Core42, commenced in 2025 and commencing in 2026

• 380 critical IT MW with a second tenant, Fluidstack with credit enhancement from Google, commencing in 2026.

In October 2025, TeraWulf entered into a joint-venture agreement with Fluidstack to develop the Abernathy HPC Campus in Texas, designed to support 168 critical IT MW under a 25-year lease with annual escalators. ... Construction is progressing with delivery targeted for second half 2026, supported by Google credit enhancement.

Under the arrangement, the parties entered into an amendment to that certain Master Purchase Agreement dated May 23, 2023 (the “Agreement”) and concurrent with the Warrant issuance, Meta agreed to a binding commitment under the Agreement to purchase (directly or through its affiliates, or indirectly through authorized third parties (“Authorized Purchasers”)) the initial one (1) gigawatt equivalent of certain AMD Instinct GPU products. ... AMD and Meta today announced a 6-gigawatt agreement to power Meta’s next generation of AI infrastructure across multiple generations of AMD Instinct GPUs.

In February 2026, the Company signed a 2-year, $30 million contract for 504 Nvidia B200 GPUs. ... In this fiscal quarter, we announced the purchase of 504 next-generation AI-optimized GPUs, and last week, ahead of their installation in March 2026 in the BUZZ Canada West facility, we announced the entire cluster was leased on a two-year...

Nebius has amended its agreement with Microsoft to add 1.2 GW of additional capacity in the United States. ... Under the amended agreement, Microsoft will prepay an aggregate of $2.2 billion for the additional capacity.

Colocation Agreement $865M TCV

Colocation Agreement NC - 1 24 MW 99.0 MW (1) ... Total NC - 1 power capacity of at least 99.0 gross MW within four years with additional expansion capacity potentially available. Initial power availability 24.0 gross MW.

Extension: Total NC-1 power capacity of at least 99.0 gross MW within four years with additional expansion capacity potentially available; initial power availability 24.0 gross MW.

Soluna Holdings, Inc. ... announced that it has executed an Equipment Supply Agreement with Cormint Data Systems ... to support a 12 MW deployment at Project Kati 1 in Willacy County, Texas. Under the agreement, Cormint will design, procure, and deliver eight modular data center units for Soluna's 12 MW Kati 1 deployment.

Cipher Mining Inc. ... announced that its wholly-owned subsidiary, Black Pearl Compute LLC (the "Issuer"), intends to offer, subject to market conditions and other factors, $2.00 billion aggregate principal amount of senior secured notes due 2031 (the "Notes") ... The Issuer intends to use the net proceeds from the offering ... to finance the remaining cost of the Black Pearl Facility, a high-performance computing data center in Wink, Texas

~$5.5Bn of Contracted Revenue with Long-Term AWS Lease ... 216 MW Critical IT Load Under Contract ... 15 Years Base Lease Term + Three 5-Year Subtenant Extension Options ... Developing Black Pearl (300 Gross MW / 216 MW Critical IT Load), leased to Amazon Data Services, Inc. ... ~$5.5 Bn Contracted Lease Payments October 2026 Targeted Initial Rent Commencement Date ... 3.0% Annual Rent Escalator Triple Net Lease

Extension: Three 5-year tenant extension options.

In March 2025, Cerebras selected WhiteFiber to design and deliver a Tier III - compliant retrofit data center on an aggressive timeline. ... MTL - 3 7 Gross MW Fully Owned COD: Operational Q4 2025 Capacity: 100% Operational Customer: Cerebras Systems IT Load: 5 MW Term: 5 years > Cerebras builds computer systems for AI / deep learning applications

Dec. 2024 MTL - 2 5.0 MW (3) Colocation Agreement ... MTL - 2 5 Gross MW Leased with Purchase Option COD: TBD Capacity: TBD Customer: TBD IT Load: 3 MW Average Term: TBD > Flexibility for pure colocation model or WhiteFiber cloud deployment

MTL - 1 4 Gross MW Fully Owned COD: Jan. 2021 Capacity: 100% contracted Customer: Multiple Customers IT Load: 3 MW Average Term: 2.5 years (1) > MTL - 1’s full capacity is occupied by 14 customers across a variety of end markets Acquired with Enovum

Signed 10 - year, 40 MW colocation agreement with Nscale ($865M TCV) ... NC - 1: NSCALE ANCHOR CONTRACT Customer IT Load 40 MW Term 10 Years • Modified gross lease with expense pass - through • Retrofit development enables faster speed to market and lower cost • Initial deployment expected to be operational by mid - 2026 • Nscale receives priority notification rights for future site capacity • Project - level financing expected for 1Q 2026 Total Contract Value (1) $865M

Duke Energy Power Provider ~$0.05 per kWh Energy Cost ... Per the Duke Energy Capacity Agreement, Duke Energy agreed to commercially reasonable efforts to achieve 44.0 MW of service by April 2026, 99.0 MW within four years. Management believes NC - 1 may receive up to 200.0 gross MW of power supply over time subject to infrastructure upgrades and other conditions.

The Company and NVIDIA entered into a collaboration framework to expand their long-standing complementary relationship to advance AI adoption at global scale and to accelerate the Company's buildout of more than 5 gigawatts of artificial intelligence factories by 2030 developed and operated by the Company using NVIDIA's computing platform technology.

Riot has entered into the Data Center Lease and Services Agreement with Advanced Micro Devices, Inc. (AMD) to deliver 25 MW of critical IT load capacity at the Rockdale Site. The Data Center Lease carries an initial term of 10 years and is expected to generate approximately $311.0 million in contract revenue.

Extension: Three five-year extension options; if fully exercised, contract revenue would be approximately $1.0 billion.

Niles, Ohio – 300 MW grid-interconnected development site, with target energization date of Q4 2028. The project includes 41.8 acres of owned land and a transmission line extension agreement with a local utility company.

APLD DevCo LLC, a Delaware limited liability company (the “Company”) hereby unconditionally promises to pay to Macquarie Equipment Capital, Inc. ... the principal sum of (a) FORTY FIVE MILLION DOLLARS ($45,000,000.00) ... plus (b) FIFTY FIVE MILLION DOLLARS ($55,000,000.00) ... (the “Initial Loan”) ... The Loan matures on the earliest of (i) the date of acceleration of the Loan, (ii) July 18, 2026, to the extent the Initial Lease Execution (as defined therein) has not occurred on or before April 18, 2026, or (iii) December 18, 2027 (the “Maturity Date”).

Extension: Uncommitted Additional Loans and Rollover Loans for new or existing data center projects at Lender's sole discretion; DevCo Facility terminates no later than December 18, 2027.

Assumes $450MM Equity, $1.275Bn Senior Secured Notes, 50% Excess Cash Flow Offer ... Debt Summary Beginning 1,275 ... which is otherwise secured by the building worth $1.36Bn at cost ... Maximum Google Backstop / Debt Balance; Google Backstop Outstanding represents the maximum amount of the FS Termination Fee available

DC Lease commences 9/30/2026 ... Rent 1,467 66 264 272 280 289 297 ... FS Termination Fee Paid by Google ... Initial FS Termination Fee 1,300 ... Google must assume the lease upon an FS insolvency or payment default, unless (i) the first 6 years of the DC Lease term have passed or (ii) the premises only has equipment installed capable of consuming less than 50% of Baseline Capacity

The initial Service Order provided pursuant to the Services Agreement covers 40 megawatts (“MW”) of information technology load, to be deployed in two 20 MW phases, at the NC-1 Facility and represents an expected $865 million in total contracted revenue over the initial 10-year term, including contractual annual rate escalators and non-recurring installation services.

On December 17, 2025, Hut 8 Corp., a Delaware corporation (the "Company"), issued a press release (the "Press Release") announcing that it entered into a 15-year lease agreement with a subsidiary of Fluidstack Ltd. ("Fluidstack") for 245 megawatts of IT capacity at the Company's River Bend data center campus in Louisiana, along with certain related transactions, including a financial backstop provided by Google LLC for all rent and certain other financial obligations under the lease agreement.

Extension: Three 5-year renewal options; total value up to $17.7B if all are exercised; ROFO for up to an additional 1,000 MW.

Google providing a financial backstop covering obligations for the 15-year base lease term

Over the 15-year initial term of the Phase I lease agreement, Galaxy expects to receive approximately $4.5B of total lease payments or $300M of average annual lease payments, which include the impact of an annual CPI-linked escalator ... Over the 15-year initial term for Phases I, II and III, Galaxy expects to receive over $1B in average annual lease payments at approximately 90% site-level EBITDA margins ... Phase I Contracted Critical IT Load 133 MW Expected Delivery Date 1H26 Gross Power 200 MW Phase II Contracted Critical IT Load 260 MW Expected Delivery Date 2027 Gross Power 400 MW Phase III Committed Critical IT Load 133 MW Expected Delivery Date 2028 Gross Power 200 MW Total Committed Critical IT Load 526 MW Expected Delivery Date 2028 Gross Power 800 MW

The A&R Fluidstack Lease entitles Fluidstack to an additional 39 MW of critical IT load in a second phase of development (“Phase II”). ... Fluidstack’s obligations to pay rent under the A&R Fluidstack Lease begin on the commencement date of operations for the applicable phase, and will continue for a 10-year term from commencement date of operations for Phase I.

Extension: Two five-year extension options

Under the terms of the A&R Recognition Agreement, Cipher Barber Lake, Fluidstack and Google have agreed to make adjustments to the rights and obligations of the parties as compared to the Original Recognition Agreement in light of the A&R Fluidstack Lease including increasing the termination fee payable by Google under certain circumstances after the completion and delivery of Phase I.

BUZZ will be deploying a 63 node cluster of liquid-cooled Dell PowerEdge XE9680L servers operating 504 of the latest generation GPUs optimized for AI compute, delivered through Dell Integrated Rack Scalable Systems (IRSS). Delivery and installation of the fully-integrated Dell IR5000 racks will be in the Bell AI Fabric data center. This builds on BUZZ's existing partnership with Bell, enabling the expansion of its sovereign AI Cloud.

up to approximately $132 million for GPU acquisitions for deployment within data centres in connection with its teaming agreement with Bell Canada, as announced on August 19, 2025. As of September 30, 2025, HIVE has paid a deposit of $2.4 million.

Bitfarms has signed a fully funded, binding agreement of US$ 128 million with a large publicly traded American multinational provider of critical infrastructure and services for data centers. Under the terms of the agreement, the partner will supply all critical IT equipment and building materials for 18 MW of gross capacity.

In October 2025, the Company converted its Credit Facility with Macquarie as described in Note 18 to an up to $300,000 project-specific financing facility for the development of its data center campus in Panther Creek, Pennsylvania, United States. The Company drew an additional $50,000 from the converted facility, for a total of $100,000 drawn and issued an additional 2,197,127 warrants with a strike price of $5.69 and a term of 5 years.

In November 2025, the Company entered into a purchase commitment of $128,742, payable over the next 12 months, for the development and expansion of HPC/AI infrastructure projects with a large publicly traded American multinational provider of critical infrastructure and services for data centers. ... to the construction of a fully integrated 18 MW hybrid-built data center in Washington State, United States.

In October 2025, the Company entered into an Electricity Supply Agreement ("ESA") with PPL Electric Utilities Corporation ("PPL") to secure an additional 350 MW of secured contracted growth capacity at the Company's Panther Creek location, with 50 MW to be delivered by the end of 2026, and 300 MW by the end of 2027.

On September 8, 2025, Nebius, Inc., a wholly owned subsidiary of the Company, entered into a commercial agreement (the "Agreement") with Microsoft, pursuant to which Nebius Inc. will provide Microsoft access to dedicated GPU infrastructure capacity in clusters (each, a "GPU Service") at its new data center in Vineland, New Jersey over a five-year term. ... Microsoft has committed to pay the Company fees under the Agreement estimated to be up to $17.4 billion through 2031.

Extension: Microsoft may acquire additional services and/or capacity under the Agreement.

In November 2025, Nebius, Inc., a wholly owned subsidiary of Nebius Group N.V., entered into a commercial agreement (the "Agreement") with Meta Platforms, Inc. ("Meta"), pursuant to which, under the first order form under that Agreement (the "Order"), the Company will provide Meta access to two dedicated GPU infrastructure capacity clusters (each, a "GPU Service") over a five-year term. ... The Order has a total contract value of approximately $2.9 billion.

Extension: Meta may extend the term of the GPU Services and/or acquire additional services and/or capacity under the Agreement.

since September 30, 2025, the Company began the process of winding down a customer arrangement that represents approximately $21 million of the Company’s annualized cloud run rate. ... The Company expects the relationship to be concluded through a mutual termination once documentation is finalized.

Installation of wafer-scale systems for Cerebras under a 5 MW IT-load contract was completed in October 2025, and the site is now fully operational and generating revenue.

On November 13, 2025, Cipher Compute, the Guarantor and Cipher Songbird LLC, direct parent of Cipher Compute, entered into an indenture (the “Indenture”) with respect to the notes with Wilmington Trust, National Association, as trustee (the “Trustee”). The notes are senior secured obligations of Cipher Compute and bear interest at a rate of 7.125% per year payable semiannually in arrears on May 15 and November 15 of each year, beginning on May 15, 2026. The notes will mature on November 15, 2030, unless earlier redeemed or repurchased in accordance with their terms.

The Polaris Forge 2 campus has leased 200 MW of critical IT capacity, currently under construction, to a U.S.-Based Investment Grade Hyperscaler, which also holds the first right of refusal for an additional 800 MW of critical IT load at that campus

Extension: First right of refusal for an additional 800 MW of critical IT load at the same campus.

Nebius today also announced a new agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over 5 years.

The Abernathy Campus is initially designed for 240 MW of capacity with potential site expansion to 600 MW. The venture, in which TeraWulf holds up to a 51% controlling interest, includes a 25-year lease with Fluidstack, backed by a $1.3 billion Google credit enhancement, and the right to develop future phases leveraging existing transmission infrastructure.

In August, Akela executed three ten-year Fluidstack leases, backed by Google, providing 450 MW of capacity and approximately $6.7 billion in contracted revenue. These leases, scheduled to be delivered in phases through 2026, are financed and benefit from Google credit enhancement, creating durable, infrastructure-style cash flows.

Under the Core42 leases, La Lupa will deliver 72.5 MW of GPU-optimized capacity with approximately $1.1 billion in contracted revenue over ten years.

In August, the Company signed an 80-year lease at its Cayuga site in Upstate New York, establishing the framework for large-scale HPC deployment beginning in 2027.

has priced a $1.4 billion offering (the "Offering") of 7.125% senior secured notes due 2030 (the "Notes") at par. ... The Issuer intends to use the net proceeds from the Offering to finance a portion of the construction cost of the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas.

Complementing this, HIVE's BUZZ data-center acquisition in Toronto targets 2,000 GPUs for AI operations in 2026, with a Bell colocation partnership adding another 2,000 GPUs over the next nine months.

The total contract value is approximately $9.7 billion through 2031, with 20% of the contract value for each tranche to be paid prior to the applicable delivery date and credited against the service fees due and payable after the 24 th calendar month of the applicable GPU Service term on a pro rata basis. ... The GPU Services will comprise NVIDIA GB300 GPUs and will be installed across four data center facilities at Childress known as “Horizon 1,” “Horizon 2,” “Horizon 3,” and “Horizon 4”, representing a combined IT load of approximately 200MW.

The Dell Purchase Agreement contains customary representations, warranties, covenants, indemnities and termination rights. The Company has agreed to unconditionally guarantee the obligations of IE US Hardware 3 under the Dell Purchase Agreement. ... for an aggregate purchase price of approximately $5.8 billion payable in installments within 30 days of each tranche shipping.

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, including both air and liquid cooling to the racks. The capacity will be delivered in two phases, expected to begin in July 2026 and complete in the fourth quarter of 2026, with rent commencing in August 2026.

Executed 10-Year AI Hosting Agreement with Fluidstack and Google

For the additional 70 MW expansion, Core Scientific is responsible for funding $104 Million of capex ($1.5M per MW) for the powered core and shell with no capex credit associated with this new agreement.

we've signed a new definitive agreement that builds on our foundation, strengthens our partnership, and sets the stage for long-term success for both organizations. ... OpenAI has contracted to purchase an incremental $250B of Azure services, and Microsoft will no longer have a right of first refusal to be OpenAI's compute provider.

Energization of more than 200 MW is expected in the first half of 2027

On September 26, 2025, FS AB LLC (“FS AB”), an indirect subsidiary of the Joint Venture, as landlord, entered into a lease agreement (the “Abernathy Datacenter Lease”) with Fluidstack USA III Inc. (“Fluidstack”), an affiliate of the Fluidstack Member, as tenant. Under the Abernathy Datacenter Lease, the Joint Venture will provide Fluidstack with a total of 168 MW of critical IT load for high-performance computing (“HPC”) data center operations at the Abernathy HPC Campus. ... The contracted 25-year revenue to the Joint Venture is expected to total approximately $9.5 billion.

Extension: Tenant has options to shorten lease to 20 or 15 years.

In connection with the Abernathy Datacenter Lease, FS AB entered into a recognition agreement dated September 26, 2025 (the “Datacenter Recognition Agreement”) with Fluidstack and Google LLC (“Google”), pursuant to which Google has agreed to backstop (the “Datacenter Google Backstop”) certain obligations of Fluidstack under the Abernathy Datacenter Lease. ... The Datacenter Google Backstop totals $1.3 billion, commences amortization upon the rent commencement date under the Abernathy Datacenter Lease, and amortizes over 10 years.

On August 15, 2025, Galaxy Digital Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) by and among Galaxy Helios I, as borrower, Deutsche Bank AG, New York Branch, as initial lender, and GLAS USA LLC, in its capacity as administrative agent ... “Data Center” means that certain Data Center Facility to be constructed on the Trust Property pursuant to, among other agreements, the Construction Agreement and other Material Project Documents, which will comprise, when fully completed (a) the Building, (b) the Data Halls to be fitted out in the Building with an aggregate of at least 132.7 megawatts of critical electric power available for use by Coreweave pursuant to the Coreweave Lease, and (c) non-data hall spaces

Clarington, Ohio – 570 MW under contract with local utility and will be available by end of Q3 2026. Power and data center infrastructure to be completed in Q2 2027.

CoreWeave Expands Agreement with OpenAI by up to $6.5B (September 25, 2025)

CoreWeave signs $14.2 billion AI infrastructure deal with Meta (September 30, 2025)

WULF Compute LLC ("WULF Compute"), intends to offer, subject to market conditions and other factors, $3.2 billion aggregate principal amount of senior secured notes due 2030 (the "Notes"), in a private offering to persons reasonably believed to be qualified institutional buyers ... WULF Compute intends to use the net proceeds from the offering to finance a portion of its data center expansion at its Lake Mariner campus in Barker, New York (the "Data Center Expansion").

On October 10, 2025, Bitfarms Ltd. ... entered into Amendment No. 1 to the Loan and Security Agreement ... with Macquarie Equipment Capital, Inc. ... The Amendment modified the terms of the Company's previously-announced private debt facility ... for up to $300 million with Macquarie to, among other things, limit the borrowers and guarantors under the Loan Agreement to certain subsidiaries of the Company holding project-specific assets ... The aggregate principal amount of $300 million in funding under the Facility is intended to fund the development of the data center project at Panther Creek.

"Coreweave Building 2 Lease" means that certain Datacenter Lease for the property located at 9663 87th Avenue SE, Ellendale, ND, dated as of May 28, 2025, by and between APLD ELN-02 LLC, a Delaware limited liability company, as landlord, and Coreweave, Inc., a Delaware corporation, as tenant. ... the Company's previously disclosed lease with a hyperscaler for the first 100 MW data center located at the Company's 400 MW Ellendale, North Dakota datacenter campus ("Polaris Forge 1")

the Subsidiary Issuer agreed to sell to the Purchaser at the Initial Closing... 112,500 Preferred Units... at a price per Preferred Unit of $1,000, for an aggregate purchase price of $112.5 million ... The Purchaser has the right to invest an additional $337.5 million to fund the development of additional phases of the Polaris Forge 1, in two tranches of $168.75 million each ... for a total investment inclusive of the Polaris Forge 1 of $5.0 billion

Concurrent with signing, Warrantholder agreed to a binding commitment to purchase (directly or through its affiliates or Authorized Purchasers) the initial one (1) gigawatt of AMD Instinct MI450 Series GPU products. ... agreement to power OpenAI's next-generation AI infrastructure across multiple generations of AMD Instinct GPUs. ... Our partnership with OpenAI is expected to deliver tens of billions of dollars in revenue for AMD while accelerating OpenAI's AI

"Fifth Amendment OpenAI Contract" shall mean that certain CoreWeave Reserved Compute Instance Order Form #2 dated May 8, 2025 by and between CoreWeave, Inc. and OpenAI OpCo, LLC (including as amended by that certain Amendment No. 1 dated as of June 25, 2025).

The Fifth Amendment adds an incremental $3.0 billion tranche of delayed draw term loans (the "Fifth Amendment DDTL") to the DDTL 2.0 Credit Agreement. ... CCAC IV intends to use borrowings under the Fifth Amendment DDTL to fund the purchase and maintenance of certain equipment, hardware, infrastructure and other systems to be utilized to provide both investment grade and unrated strategic customers of the Parent with certain services ordered by such strategic customers.

"Fifth Amendment Albatross Contract" shall mean that certain CoreWeave Reserved Compute Instance Order Form 7 dated August 6, 2025 by and between CoreWeave, Inc. and Microsoft Corporation, as amended in accordance with this Agreement.

On September 25, 2025, CoreWeave, Inc. (the “Company”) and Meta Platforms, Inc. (“Meta”) entered into a new order form (the “Order Form”) under the existing Master Services Agreement (“MSA”) dated as of December 10, 2023, pursuant to which the Company provides Meta access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the Company by Meta and as may be amended upon the Company’s and Meta’s mutual agreement. Subject to any termination described below and satisfaction of delivery and availability of service requirements, 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

Extension: Option to materially expand commitment through 2032 for additional cloud computing capacity under the Order Form.

On September 23, 2025, CoreWeave, Inc. (the “Company”) and OpenAI OpCo, LLC (“OpenAI”) entered into a new order form (the “Order Form”) under the existing Master Services Agreement (“MSA”) dated as of May 8, 2025, pursuant to which the Company provides OpenAI access to cloud computing capacity through fulfillment of reserved capacity orders submitted to the Company by OpenAI and as may be amended upon the Company’s and OpenAI’s mutual agreement. Subject to any termination described below and satisfaction of delivery and availability of service requirements, OpenAI has committed to pay the Company up to approximately $6.5 billion through May 31, 2031 under the Order Form.

On September 24, 2025, Cipher Barber Lake entered into a Recognition Agreement, among Cipher Barber Lake, Fluidstack and Google LLC, pursuant to which Google has agreed to backstop certain obligations of Fluidstack under the Fluidstack Lease ... Google will backstop $1.4 billion of Fluidstack's lease obligations to support project-related debt financing.

On September 25, 2025, Cipher Mining Inc. announced that its wholly owned indirect subsidiary Cipher Barber Lake LLC had entered into a Datacenter Lease (the “Fluidstack Lease”) with Fluidstack USA II Inc., which provides for the development of a data center facility on, and lease to Fluidstack of, Cipher Barber Lake’s facility located in Colorado City, Texas... The Facility is expected to provide 168 megawatts (MW) of critical IT load for high-performance computing data center operations. The Company expects to complete the development and construction of the Facility and deliver the Facility to Fluidstack by September 2026. Fluidstack’s obligations to pay rent under the Fluidstack Lease begin on the commencement date of the lease and will continue for a 10-year term.

Extension: Two 5-year extension options, total ~$7 billion if exercised.

HIVE Digital Technologies Completes Acquisition of 7.2 MW Toronto Data Center to Fuel BUZZ's HPC and AI Expansion in Canada ... In consideration for the Acquisition, HIVE paid to the Vendor CAD$12 million and issued 1 million common shares in the capital of the Company (the "HIVE Shares") at a deemed price of CAD$5.25 million (CAD$5.25 per HIVE Share)

On September 9, 2025, CoreWeave, Inc. (the “Company”) and NVIDIA Corporation (“NVIDIA”) entered into a new order form (the “Order Form”) under the existing Master Services Agreement (“MSA”) dated as of April 10, 2023, which 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. Under the terms of agreement, in instances where the Company’s datacenter capacity is not fully utilized by its own customers, NVIDIA is obligated to purchase the residual unsold capacity through April 13, 2032, subject to any termination described below and satisfaction of delivery and availability of service requirements.

The Promissory Note provides for a principal sum of (a) $50 million (the “Initial Loan”), which was drawn on the Closing Date, plus (b) subject to the mutual consent of the Borrower and the Lender, additional loans in an aggregate principal amount not to exceed $25 million (the “Additional Loans” and together with the Initial Loan, the “Loan”). ... Proceeds of the Loan under the Promissory Note will be used, in part, to ... (iii) fund the purchase of the financed properties located on the Company’s campus in Harwood, ND (“Polaris Forge 2”), including all associated closing costs, title fees, and legal expenses, (iv) finance improvements to the Polaris Forge 2 properties, (v) fund the purchase of the Transformers (as defined therein) and other equipment expected to be installed and used for

On September 8, 2025, Nebius, Inc. (the "Company"), a wholly owned subsidiary of Nebius Group N.V. ("Nebius Group"), entered into a commercial agreement (the "Agreement") with Microsoft, pursuant to which the Company will provide Microsoft access to dedicated GPU infrastructure capacity in tranches (each, a "GPU Service") at its new data center in Vineland, New Jersey (the "Data Center") over a five-year term. ... 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.

on August 28, 2025, APLD ELN-02 C LLC, a subsidiary of the Company, ... Forge 1 (“Building 4”), a 150MW data center to be constructed by the Company. ... The total contract value for the initial approximately fifteen (15)-year term of the Building 4 Lease is expected to be approximately $4.0 billion.

Per the Duke Energy Capacity Agreement, Duke Energy agreed to commercially reasonable efforts to achieve 24.0 MW of service by September 2025, 40.0 MW by April 2026, 99.0 MW within four years.

Jan. 2025 MTL-3 6.6 MW ... MTL-3 6.6 Gross MW Capacity: 100% contracted Customer: Cerebras Systems IT Load: 5 MW Average Term: 5 years

NC-1 99 Gross MW Capacity: Under LOI (2) Customer: Pending Contract (2) IT Load: 20 MW (2) Expected Average Term: 7 years (2) > LOI is with a private company providing cloud computing for AI companies ... Expecting approximately $230M of revenue for Phase 1 over 7 years (2)

Dec. 2024 MTL-2 5.0 MW Colocation Agreement ... MTL-2 5 Gross MW Capacity: 100% contracted Customer: WhiteFiber Cloud IT Load: 3 MW Average Term: 5 years

In July, we achieved a key milestone by signing the Letter of Agreement with AEP Ohio for the second phase of Clarington, advancing the final stages for the full 570 MW of capacity.

on August 3 it had signed a preferred partnership with Bell Canada, the country's largest telecommunications provider, to deliver one of Canada's largest sovereign AI ecosystems through Bell AI Fabric. ... BUZZ HPC will provide Bell's government and enterprise customers with access to NVIDIA Ampere , NVIDIA Hopper , and NVIDIA Blackwell GPU clusters ... Launching later this year, BUZZ HPC's infrastructure will begin with a 5 MW deployment in Manitoba, followed by expansion into other Bell AI Fabric data centres.

In connection with the new CB-5 lease, Google will provide an incremental backstop of $1.4 billion in support of project-related debt financing and will receive warrants to acquire 32.5 million shares of TeraWulf common stock. ... Google has agreed to backstop (the “Google BackStop”) certain obligations of Fluidstack under the Fluidstack Lease.

On August 17, 2025, TeraWulf Inc. ... announced that its indirect subsidiary Akela Data LLC (“Akela”) had entered into a Datacenter Lease Agreement for colocation building number 5 (“CB-5”) ... with Fluidstack USA I Inc. ... Akela has agreed to lease property at the Company’s Lake Mariner data center campus in upstate New York to Fluidstack ... The CB-5 Premises will provide more than 160 megawatts (MW) of critical IT load ... Akela is expected to complete construction and deliver the CB-5 Premises to Fluidstack by year end 2026. Fluidstack’s obligations to pay rent under the Fluidstack Lease begin on the completion date of the lease and continue for a 10-year term.

Extension: Press release states total contracted revenue has potential to reach $16 billion with lease extensions, but CB-5-specific extension terms are not stated.

Lake Hawkeye LLC ... Cayuga Operating Company, LLC ... entered into that certain lease agreement (the "Cayuga Lease"), dated August 12, 2025 ... for a portion of Cayuga Landlord's real property located in the Town of Lansing, New York, consisting of approximately 183 acres ... The Cayuga Lease has an initial term of 80 years ... TW Tenant prepaid rent consisting of (i) $95 million in the form of TeraWulf common stock ... and (ii) $3 million in cash.

10-year, $3.7Bn hyperscale lease with Fluidstack ... Google backstops $1.8Bn of Fluidstack's lease obligations ... 250.0 MW contracted to Fluidstack (online 2026) ... ~$3.7Bn Contract Value Over Initial 10-Year Terms ... $1.8Bn Google Backstop of Fluidstack Obligations in Support of Project Debt ... 10-Year Extension Options Could Add Additional ~$5Bn in Revenue

Extension: 10-year extension options could add additional ~$5Bn in revenue

72.5 MW contracted to Core42 (online 2025) ... Core42 lease for 72.5 MW

Google will backstop $1.8 billion of Fluidstack's lease obligations to support project-related debt financing and will receive warrants to acquire approximately 41 million shares of TeraWulf common stock

Akela has agreed to lease property at the Company’s Lake Mariner data center campus in upstate New York to Fluidstack... more than 200 megawatts (MW) of critical IT load... 10-year term. ... approximately $3.7 billion in contracted revenue over the initial 10-year terms and include two five-year extension options which, if exercised, would bring the total contract revenue to approximately $8.7 billion.

Extension: Two five-year extension options, potential total revenue ~$8.7 billion

In April 2025, the Company entered into an agreement for a credit facility up to $300.0 million from Macquarie for HPC development and drew down the initial tranche of $50.0 million. ... The second tranche of the credit facility will allow the Company to draw up to an additional $250.0 million and will be drawable as the Company achieves specific development milestones at its Panther Creek location.

Confirmed expanded Panther Creek energy capacity of 50 MW in 2026 and 300 MW as early as 2027 based on electricity service agreements from PPL Electric.

◦ $4 billion expansion deal with OpenAI, in addition to previously announced $11.9 billion deal

providing for a $2.6 billion delayed draw term loan facility (the “DDTL 3.0 Facility”). The DDTL 3.0 Facility was entered into primarily to finance capital expenditures required to perform a customer contract, including the acquisition of GPU servers and related infrastructure.

In June, BUZZ HPC signed a purchase agreement for a 7.2 MW Tier 3 data center campus located in Toronto, Canada, which will support up to 5,000 next-gen GPUs for sovereign Canadian AI compute.

Blackwell GPUs procured – 1.3k B200s & 1.1k B300s to be installed at Prince George over the coming months, lifting total fleet to 4.3k NVIDIA GPUs and unlocking next-gen training and inference at scale

IREN today announced the purchase of 2.4k next-generation NVIDIA Blackwell B200 and B300 GPUs for ~$130m, including fit-out costs. ... The order (1.3k B200 and 1.1k B300 GPUs) will be installed over the coming months at IREN's Prince George, BC campus

we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28.

The Revolver is being provided by RBC by way of Letters of Credit and Letters of Guaranty with fees to be determined on a transaction by transaction basis. This facility will be available for the 36 month term subject to the issuance of the EDC (Export and Development Canada) Performance Security Guaranty in the amount of USD $5.8 million (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025) and other related supporting documents.

As part of the Facility, Enovum entered into a three-year USD $19.6 million (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025) non-revolving real estate term loan facility. The purpose of this facility is to refinance the Company’s purchase of MTL-2.

On May 28, 2025, APLD ELN-02 LLC and APLD ELN-03 LLC ... each entered into a datacenter lease ... with CoreWeave, Inc. ... The first lease is for the full capacity of Building 2, the Company’s 100MW data center that is currently under construction (“Building 2”) ... The total contract value, for the initial approximately fifteen (15)-year term, (i) for the Building 2 Datacenter Lease is expected to be approximately $3 billion

Extension: Three 5-year extension options.

On May 28, 2025, APLD ELN-02 LLC and APLD ELN-03 LLC ... each entered into a datacenter lease ... with CoreWeave, Inc. ... The second lease is for the full capacity of Building 3, a 150MW data center that is also under construction (“Building 3”) ... The total contract value, for the initial approximately fifteen (15)-year term ... (ii) for the Building 3 Datacenter Lease is expected to be approximately $4 billion

Extension: Three 5-year extension options.

The $12.5 million note financing was provided by GreenCloud Partners, LLC ("GreenCloud") and was used to make the down payment on the HPE agreement and to fund startup working capital for Soluna Cloud. That note remains and is being serviced by Soluna Holdings, Inc.

we made the initial $10.4M down payment and monthly payments from the inception of the HPE agreement until termination. We do not expect to recover any of those funds. Additionally, as required by accounting standards, we have recognized the remainder of the total contract value as a liability on the balance sheet at the Soluna AL CloudCo, LLC subsidiary level.

Separately, the Buyer entered into a Letter Agreement for the Purchase of Electric Power with Duke Energy dated May 16, 2025 (the “Capacity Agreement”). Pursuant to the Capacity Agreement, Duke Energy agreed to use commercially reasonable efforts to achieve 24 MW of service to the Property by September 1, 2025, 40 MW by April 2026 and 99 MW within four years of the effective date of the Capacity Agreement.

announced today that it has signed a term sheet for power for Project Annie, a new 75 MW data center co-located with a 114 MW solar farm in northeast Texas.

Term Sheet Signed for Power for New 120MW Wind-Powered Data Center 'Project Hedy' in Texas – Expected to expand Soluna's presence in ERCOT and strengthen commitment to sustainable computing.

Term Sheet Signed for Power for New 100MW Wind-Powered 'Project Ellen' Planned to Power AI & Bitcoin Workloads – Designed to meet rising demand for clean, high-performance computing infrastructure.

2025 February: Signed incremental 70 MW of billable capacity, bringing total potential revenue to >$10 Billion over 12-year contracts ... For the additional 70 MW expansion, Core Scientific is responsible for funding $104 Million of capex ($1.5M per MW) for the powered core and shell with no capex credit associated with this new agreement.

Extension: 12-year contracts with two 5-year options

2024: Signed a total of ~500 MW of colocation1 contracts with anticipated potential revenue of $8.7 Billion over 12-year contracts ... Up to $1.5 Million per MW (or approximately $750 Million) of data center build out costs are funded by CoreWeave and credited against hosting payments at no more than 50% of monthly fees until fully repaid.

Extension: Two 5-year options

2024 February: Leased Austin, TX site and signed first CoreWeave colocation1 contract for 16 MW of billable capacity ... Austin, Texas contract term is 7 years with elective extensions3

Extension: Elective extensions beyond 7-year base term

announced today that it has signed a term sheet for power for Project Ellen, a new 100 MW data center co-located with a 145 MW wind farm in South Texas. The wind farm is owned by a new power partner—a leader in renewable energy and sustainable infrastructure in the U.S. and internationally. ... Ellen will be developed in two 50MW phases, leveraging wind energy to drive sustainable computing at scale.

On April 11, 2025, Bit Digital, Inc. announced that through an affiliate of its wholly-owned Canadian subsidiary Enovum Data Centers Corp., it has secured the rights to a new data center site in Saint-Jérôme, Québec ("MTL-3"), which is under development and will support the previously announced 5MW colocation agreement with Cerebras Systems ... The transaction was executed under a lease-to-own structure, (the "MTL-3 Lease Agreement"). The lease term is 20 years, with two 5-year extension options. The annual base rent ranges from approximately $2.4 million for year 1 to approximately $3.8 million for year 20.

Extension: Two 5-year renewal options.

announced that it has signed a term sheet for power for Project Hedy, a new 120 MW data center co-located with a 200 MW wind farm in South Texas.

New 600MW grid connection agreement signed ... This month, we secured an additional 600MW of grid-connected capacity, reflecting years of groundwork and bringing our total secured power capacity in West Texas to 2.75GW.

Under the HPE Agreement, HPE agreed to provide data center and cloud services for artificial intelligence (“AI”) and supercomputing applications, utilizing NVIDIA H100 Graphic Processing Units (“GPUs”) in exchange for an aggregate of $34 million payable over 36 months beginning June 2024, with $10.3 million pre-paid in June 2024 at contract execution and monthly payments of $667 thousand due until June 2027. ... On March 24, 2025, CloudCo sent notice of its termination of the HPE Agreement for convenience. Subsequently, on March 26, 2025, HPE sent notice of its termination of the HPE Agreement for cause, effective immediately ... CloudCo must pay HPE the remaining payment stream under the term of the HPE Agreement of approximately $19.3 million.

On March 17, 2025, IREN Limited (the “Company”) released a press release announcing the signing of a 600MW grid connection agreement with AEP Texas Inc. ... The Company expects to pay $4.1 million in non-refundable connection costs and $26.9 million in refundable deposits over the next 12 months. The project has an expected energization date in late 2027.

Announced strategic expansion into AI-driven HPC hosting with long-term data center leases expected to generate $1 billion in cumulative revenue over initial 10-year contract terms ... A pivotal milestone in this expansion was achieved on December 23, 2024, when TeraWulf signed long-term data center lease agreements with Core42, securing 72.5 MW of hosting capacity at Lake Mariner for GPU cloud compute workloads. These lease agreements are expected to commence at various dates in 2025 and include an option to expand by an additional 135 MW.

The new agreement brings $1.2 billion in contracted revenue across Core Scientific’s Denton TX location ... The 70 MW of expansion at the Denton site brings the full critical IT load to just over 260 MW. ... New Agreement Boosts Total Contracted Revenue to $10.2 Billion over 12-year Contract Terms ... Under the terms of this 70MW expansion, Core Scientific is responsible for funding $104 million of capex ($1.5M per MW) for the powered core and shell, with CoreWeave responsible for the additional capex associated with the expansion. The company also retains the option for two additional five-year renewal terms.

Extension: Two additional five-year renewal terms.

AI Deal Signed with Atlas Cloud: Soluna will provide Atlas with 64 Nvidia H100 GPUs and potentially scale to more to support Atlas' advanced AI video processing workloads. ... 128 additional H100 GPUs are slated for a new serverless offering with Atlas Cloud. We are negotiating terms.

Extension: potentially scale to more

Fluidstack signed a Letter of Intent to reserve 512 H100 GPUs by the end of January or early February.

HIVE Expands NVIDIA Chip Suite to Power AI Boom with $30 Million H100 and H200 GPU Clusters to be Deployed in Quebec ... announces the acquisition and deployment of an additional cluster of cutting-edge NVIDIA H100 GPUs ... NVIDIA H100 cluster: Comprised of 248 GPUs in 32 nodes connected with Infiniband, this cluster has arrived on site in Quebec, has been fully configured and will be operational before the end of 2024. ... NVIDIA H200 cluster: Comprised of 508 GPUs in 64 nodes connected with Infiniband, this cluster has been shipped and is expected to arrive in Quebec in early January 2025, with installation and customer deployment planned for calendar Q1

The Core42 lease covers 72.5 megawatts of gross capacity, the equivalent of 60 megawatts of critical IT load, with an option to expand by another 135 megawatts of gross capacity, or 108 megawatts of critical IT load. ... Revenues of $125 per kilowatt-month, which equates to $1.5 million per megawatt per year, with a 3% annual escalator. And finally, a 12-month revenue prepayment credited back through a 50% net reduction until fully repaid.

Extension: Two 5-year extensions

On December 23, 2024, TeraWulf Inc. (“TeraWulf” or the “Company”) entered into long-term data center lease agreements (the “Lease Agreements”) with Core42, a G42 company specializing in sovereign cloud, AI infrastructure, and digital services. Under the Lease Agreements, TeraWulf will deliver over 70 megawatts (“MW”) of turn-key data center infrastructure to host Core42’s deployment at the Lake Mariner facility in Upstate New York.

Extension: Two five-year renewal options

On November 27, 2024 (the “Closing Date”), APLD ELN-02 Holdings LLC (the “Borrower”), a Delaware limited liability company and a subsidiary of Applied Digital Corporation, a Nevada corporation (the “Company”) entered into a promissory note (the “Promissory Note”) with Macquarie Equipment Capital, Inc., a Delaware corporation (the “Lender”). The Promissory Note, which was fully drawn on November 27, 2024, provides for a loan of $150 million (the “Loan”) ...

Scheduled to go live in Q1 2025, the Kansas City cluster will house thousands of state-of-the-art NVIDIA GPUs, primarily H200 Tensor Core GPUs in the initial phase, with the energy-efficient NVIDIA Blackwell platform expected to arrive in 2025. The colocation can be expanded from an initial 5 MW up to 40 MW, or about 35 thousand GPUs, at full potential capacity.

In the second quarter of 2024, the Company finalized an agreement to supply its existing customer with an additional 2,048 GPUs over a three-year period. ... In early August, the customer made a non-refundable prepayment of $30.0 million for the services to be rendered under this agreement.

In October 2024, Bit Digital purchased 42 H200 GPU servers (336 GPUs) for approximately $9.7 million. Those servers were subsequently deployed in Iceland for internal purposes and future client deployments.

On October 9, 2024, the Company executed a Master Services and Lease Agreement ("MSA") with Boosteroid Inc. ("Boosteroid"), a global cloud gaming provider. Following a binding term sheet with Boosteroid on August 19, 2024. The Company finalized an initial order of 300 GPUs, projected to generate approximately $4.6 million in revenue over the five-year term. ... The MSA provides Boosteroid with the option to expand in increments of 100 servers, up to 50,000 servers, representing a potential $700 million revenue opportunity over the five-year term, subject to deployment plans and market conditions.

Extension: Options to draw down additional servers in multiples of 100, up to a total of 50,000 GPU servers within five years after signing the MSA.

Enovum currently operates a 4MW Tier 3 datacenter in Montreal that is powered by renewable hydroelectricity. The site, which is leased through 2036 with two five-year extension options, features 2N UPS and 2N generators with N+1 redundant cooling design.

Extension: Two five-year extension options.

June 2024: Customer contract signed for an additional 2,048 GPUs that will contribute approximately $42 million of incremental revenue; expected in 2025

Flagship data center, Montreal 1 (“MTL1”), is 100% leased with 4 MW under contract and boasts high density racks and power redundancy to accommodate next-generation AI/HPC GPUs ... Leased through 2036 with two 5-year extension options ... ~$2 million annual revenue per MW

Extension: two 5-year extension options

Entered into new, long-term ground lease agreement at Lake Mariner extending both term and land area to support the Company’s expansion into HPC hosting. ... Securing an expanded ground lease with exclusive rights to 750 MW of infrastructure capacity is a significant milestone in our growth strategy.

On October 22, 2024, Core Scientific, Inc. (the “Company”) issued a press release announcing that CoreWeave, the AI Hyperscaler, had exercised its final option to contract for additional infrastructure under the terms of its 200MW 12-year high-performance compute hosting contracts previously announced on June 3, 2024.

Energy-efficient own data center in Finland , colocation data center in Paris 3 and further expansion plans ... (3) Agreement signed in July 2024, new capacity in Paris, France to be put into operation by the end of November 2024.

This site, which is leased through 2036 with two five-year extension options features 2N UPS and 2N generators with N+1 redundant cooling design and can be expanded up to 29MW.

Extension: two five-year extension options

The center has 4MW under contract with high density racks and power redundancy to accommodate next generation AI/HPC GPUs. ... Enovum provided over $2 million unaudited annual revenues per MW with accretive 70-80% gross margins. ... Enovum has a diversified client base with 13 customers across a variety of end markets and is expected to generate approximately CAD $10 million of revenue in 2025.

Enovum currently operates a 4MW Tier 3 datacenter in Montreal that is powered by renewable hydroelectricity. The site, which is leased through 2036 with two five-year extension options

Extension: Two five-year extension options

On October 9, 2024, Lake Mariner Data LLC ... entered into a lease agreement (the “New Lease”) with Somerset Operating Company, LLC ... for a portion of Somerset’s real property located in the Town of Somerset, New York, consisting of approximately 157 acres ... The New Lease has an initial term of 35 years ... The annual rent for the Premises is $281,398.20, payable in advance in equal monthly installments of $23,449.85, subject to annual adjustments based on the change in the Consumer Price Index.

Extension: Automatically renews for up to nine additional periods of five years each unless Lake Mariner Data gives notice to terminate.

Term Sheets for Project Rosa – Soluna signed a term sheet with a renewable energy leader for Project Rosa, boosting capacity by 187 MW of sustainable energy for AI and Bitcoin mining.

announced today that it has signed term sheets for power and land for Project Rosa, a new 187 MW Data Center indicating an important step forward in the Company's expansion efforts. ... Soluna has secured 60 acres of land for this project's development, an important milestone in its journey to shovel readiness. ... Upon completion, Project Rosa is poised to provide up to 187 MW of data center capacity for AI, machine learning, Bitcoin hosting, and other computing-intensive applications, as well as joint venture potential.

On September 16, 2024, Iris Energy Limited (dba IREN) (the “Company”) announced its purchase of an additional 1,080 NVIDIA H200 GPUs to expand its AI Cloud Services business. ... The Company is purchasing 1,080 of the latest-generation NVIDIA H200 GPUs for $43.9m, with delivery and commissioning expected during 4Q 2024.

AI Cloud Services • 816 NVIDIA H100 GPUs, servicing multiple customers o AI Cloud Services revenue continues to scale o Launching Childress GPU pilot in H2 2024 o Poolside recently extended contract, expected to roll-off August 30, 2024: Consolidating clusters with [...]

Extension: Contract recently extended; expected to roll-off August 30, 2024

In the second quarter of 2024, the Company finalized an agreement to supply its existing customer with an additional 2,048 GPUs over a three-year period. ... In late July, at behest of the customer, the Company and the customer mutually agreed to temporarily delay the purchase order so that the customer could evaluate potentially upgrading the purchase order to include newer generation Nvidia GPUs. ... In early August, the Company received $30.0 million as a non-refundable prepayment from its customer, half of which will be distributed to the Company's leasing partner.

During the second quarter, the Company purchased a 128-GPU cluster from NVIDIA, financed by a leading OEM.

Closes $30M Funding for Project Dorothy 2 – Spring Lane Capital leads financing for a 48 MW expansion of Soluna's flagship behind-the-meter data center, Project Dorothy.

GPUs in partnership with Hewlett Packard Enterprises (HPE) are now available to reserve – At least 512 H100 SXM GPUs are now available at Soluna Cloud to support generative AI workloads.

Under the terms of today’s announced agreement, Core Scientific will modify its infrastructure to deliver approximately 112 incremental MW for HPC to host CoreWeave’s NVIDIA GPUs. ... The new contract with CoreWeave is expected to add approximately $2.0 billion in projected additional cumulative revenue over the hosting contract’s 12-year term to the more than $4.7 billion in projected cumulative revenue associated with previously announced contracts with CoreWeave, for a total of $6.7 billion.

Extension: two renewal terms of five years each

On May 16, 2024 the Company closed on a US $1,000,000 financing of equipment and machinery to be purchased for the DVSL II Facility, pursuant to the terms of an Equipment Loan Agreement (the “ELA”) between SDI SL Borrowing - 1, LLC (the “Borrower”) and Investor. On such date, the Investor lent the Borrower US $720,000 (“Borrowing Amount”) to purchase medium voltage cables and low voltage switchboards. The Borrower’s debt under the ELA was later assigned to ComputeCo on the Effective Date. Subsequently, on the Effective Date, the Borrower satisfied and repaid the Borrowing Amount in full by issuing the Investor Class B Membership Interests in the Dorothy 2 project at three times the value of the Borrowing Amount (i.e., US $2,160,000).

On July 22, 2024 (the “Effective Date”) Soluna Holdings,Inc. (the “Company”) closed the financing on the Dorothy 2 project, where Soluna Digital, Inc. (as the “Developer”) and Soluna DVSL II ComputeCo, LLC (as the special purpose vehicle initially owned solely by the Developer, the “ComputeCo”) are collaborating on the development, design, procurement and construction of a 48 MW modular data center, owned by ComputeCo and operated by Soluna US Services, LLC, located in Briscoe County, TX at 9981 Co Rd F, Silverton TX 79257, and such data center may engage in cryptocurrency, batch processing, and other non-crypto related activities (the “DVSL II Facility”).

The DVSL II Facility is financed by Soluna2 SLC Fund II Project Holdco LLC (the “Investor”), which will make a capital contribution up to US $29,979,940, and the Company (the parent company of ComputeCo), which will make a capital contribution up to US $4,599,968, and as of the Effective Date became co-owners of ComputeCo with the Developer.

Soluna Cloud Expands Funding for AI Business to $13.75 Million ... announced its subsidiary, Soluna Cloud, has raised additional funding to increase its new credit facility by $1.25 million, bringing the total to $13.75 million for its AI business. ... the Company, CloudCo, Soluna Cloud and the Existing Investor entered into a First Amendment to Note Purchase Agreement (the "June SPA Amendment"), which amended the June SPA to permit CloudCo to issue additional secured promissory notes in an aggregate principal amount equal to $1,250,000 (the "Additional Notes") to additional accredited investors ... The Additional Notes ... have the credit support provided by the Cloud Agreements ... and the Holdings Agreements ...

We entered into a 30-year lease agreement with Monroe County Port Authority for 570 MW of ready-to-use power infrastructure.

Under the terms of today’s announced agreement, Core Scientific will modify a total of 100 MW of its owned infrastructure to deliver approximately 70 MW to host CoreWeave’s NVIDIA GPUs for HPC operations. ... This new 12-year HPC hosting contract ... adding an additional $1.225 billion in projected cumulative revenue over the 12-year contract timeline ... An estimated $105 million of the capital investments associated with the additional contract will be credited against hosting payments at no more than 50% of monthly fees until fully repaid.

Extension: Two renewal terms of five years each

The financing will support the launch of Soluna Cloud, and secure NVIDIA H100 GPUs leveraging a 3-year managed-services agreement at a Tier 3 hydro-powered data center in collaboration with the Company's Strategic OEM Partner. ... Over the life of the contract, the Company expects to generate a total of between $38.0 million to $80.0 million.

HPE agreed to provide datacenter and cloud services for artificial intelligence and supercomputing processes via Nvidia H100 GPUs to CloudCo in exchange for an aggregate of $34.0 million, including an initial pre-payment of $10.3 million to be made on or before June 24, 2024. The HPE Agreement has a term of 36 months, and the services thereunder are expandable upon agreement of the parties.

Extension: Services are expandable upon agreement of the parties.

Pursuant to the Service Order, the Company has agreed to lease 21 MW of a multi-tenanted facility from the Supplier for a term of 10 years. The Company’s aggregate financial obligation for the term of the Service Order is estimated to be $600.0 million, which amount includes the monthly recurring charges, power charges and other anticipated costs.

Pursuant to the Service Order, the Company has agreed to lease 21 MW of a multi-tenanted facility from the Supplier for a term of 10 years. ... Concurrent with the execution of the MCSA and the Service Order, the Company entered into that certain Sublicense (the “Sublicense”) with Lambda, Inc. (the “Sublicensee”) to sublicense all of the Company’s rights and obligations with respect to the Data Center Space. Pursuant to the Sublicense, the Sublicensee agreed to assume and perform all of the Company’s obligations, covenants, representations and terms under the MCSA and Service Order.

Project Kati PPA – Secured 166 MW PPA with EDF Renewables and Masdar for Project Kati in Texas.

816 NVIDIA H100 GPUs operating ... 504 GPUs contracted with Poolside AI

our recent announcement of new, long-term hosting contracts for 200 megawatts of HPC infrastructure with CoreWeave, the AI Hyperscaler” ... “These contracts represent one of the largest AI hosting agreements to date, and they will strengthen our earnings power with an estimated $3.5 billion in cumulative revenue over their 12-year terms.

~200 MW of additional HPC power ... Adds total cumulative revenue estimated at over $3.5Bn ... Estimated average annual revenue of $290 million ... Initial term of 12 years with two, 5-year renewal options

Extension: Two 5-year renewal options

During the year ended December 31, 2023, the Company entered into a capacity lease agreement for its high performance computing services designed to support generative AI workstreams. The initial lease term is three years, with automatic renewals for successive twelve-month periods. ... Total undiscounted lease payments $6,500,000

Extension: Automatic renewals for successive twelve-month periods.

The Company finalized a service agreement with its first customer, for the provision of HPC services from a total of 2,048 GPUs over a three-year period. On January 22, 2024, approximately 192 servers (1,536 GPUs) were deployed at a Tier-3 data center and began generating revenue, and subsequently on February 2, 2024, approximately an additional 64 servers (512 GPUs) also started revenue generation.

During the quarter ended March 2024, the Company entered into a sales-type lease agreement as a lessor for its data storage equipment. The term of the lease is scheduled to expire in December 2026. ... we entered into a sales-type lease agreement for a portion of these assets valued at $3,353,608 with a third party.

Deferred revenue primarily pertains to prepayments received for HPC services from a customer, which commenced in January 2024. ... Beginning balance $13,073,449 ... Ending balance $3,751,588

During the three months ended March 31, 2024, we purchased data storage equipment totaling $5,315,202.

AI Cloud Services revenue of $0.6 million, following the commissioning of 248 NVIDIA H100 GPUs during the quarter for our customer, Poolside AI ... Upsized (doubled to 504 GPUs) and extended our AI Cloud Services agreement with Poolside AI

AI Cloud Services ... 816 NVIDIA H100 GPUs ... Upsized (doubled to 504 GPUs) and extended AI cloud services agreement with Poolside

IREN has upsized and extended its AI cloud services agreement with poolside, more than doubling the contracted cluster size from 248 to 504 NVIDIA H100 GPUs. The contract is for an additional 4-month term commencing mid-April, 2024, with an extension option for a further 2 months at the customer’s election.

Extension: 2-month extension option at customer's election

The Company subsequently finalized a service agreement with a customer to provide the customer with computational power from 2,048 GPUs over a three-year period. To fulfil the contract, the Company purchased 256 servers manufactured by Super Micro Computer, Inc., an authorized Nvidia OEM, that were equipped with 2,048 Nvidia HGX H100 GPUs along with related equipment. ... The GPUs are deployed at a third-party datacenter located in Iceland.

To help finance this operation, the Company subsequently entered into a sale-leaseback agreement with a third party, selling 96 AI servers (equivalent to 768 GPUs) and leasing them back for three years.

Tripling AI cloud services business ... Fast-tracking AI cloud services business to 816 NVIDIA H100 GPUs with the purchase of 568 additional GPUs ... Delivery and commissioning of additional GPUs expected during Q2 2024

Contract secured with leading AI company, poolside, following rigorous customer testing requirements ... Initial 3-month term and extension option for an additional 3-months at the customer's election

Extension: Extension option for an additional 3 months at customer's election

Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract with Potential Revenue of More than $100 Million ... Core Scientific will deliver up to 16 MW of capacity at its new Austin, TX data center to host CoreWeave’s infrastructure.

Additional purchase of 568 NVIDIA H100 GPUs for $22 million ... Iris Energy is pleased to announce it has purchased a further 568 GPUs to expand its existing AI cloud services business to 816 of the latest-generation NVIDIA H100 GPUs.

Iris Energy has executed a cloud service agreement with poolside for 248 NVIDIA H100 GPUs. The contract is for an initial 3-month term, with an extension option for an additional 3 months at the customer's election.

Extension: Extension option for an additional 3 months at the customer's election

the Company has agreed to increase the scope of the initial MSA contract with the Initial Customer. Under the terms of the MSA, as amended and novated by the Novation Agreement, the Company will supply the Initial Customer with computational power from an additional 512 graphic processing units ("GPUs") (in addition to the initial GPUs, for a total of 2,048 GPUs) for a period of three years. ... The total contract value with the Initial Customer for the aggregated 2,048 GPUs is estimated to be worth more than $50 million of annualized revenue to the Company.

the Company has placed a purchase order for 64 additional servers manufactured by Super Micro Computer, Inc., an authorized Nvidia OEM, that are equipped with 512 Nvidia HGX H100 GPUs along with related equipment, which were delivered to the Company during January 2024.

the Company has executed a sale-leaseback agreement with a third party. Under the agreement, the Company has agreed to sell the third party 96 AI servers, representing 768 GPUs, and lease them back for a period of three years. The lease rate represents a percentage of the total contracted rate for those GPUs and the Company will also pass through pro-rated operational expenses for those units to the third party.