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InfraCompute Tools · Counterparty profiles

What the other side has signed before.

Before you negotiate with a hyperscaler, a GPU cloud or a data centre developer, see what it agreed in the contracts and financings filed on SEC EDGAR: termination rights, delay credits, step-in, assignment to lenders, liability caps and backstops in the filed wording, and who lent against it, how much and on what terms.

Randeep Bubbra | Lawyer | Making the next generation of infrastructure financeable · Firm profile ·

Hyperscaler · 3 filed contracts

Microsoft

Microsoft is the customer in three GPU capacity contracts. 9 clauses, 23 filed extracts.

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Hyperscaler · 2 filed contracts

Google

Google is the backstop provider in two recognition agreements. 6 clauses, 17 filed extracts.

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Hyperscaler · 1 filed contract

Meta

Meta is the customer in one GPU capacity contract. 3 clauses, 3 filed extracts.

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AI lab · 1 filed contract

OpenAI

OpenAI is the customer in one GPU capacity contract. 3 clauses, 3 filed extracts.

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AI lab · 3 filed contracts

Anthropic

Anthropic is the customer in one GPU capacity contract, the lessee’s parent and guarantor in one compute equipment lease and the borrower in one AI lab credit agreement. 26 clauses, 65 filed extracts.

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Chip maker and lessor · 1 filed contract

Broadcom

Broadcom is the lessor in one compute equipment lease. 9 clauses, 28 filed extracts.

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Chip maker and customer · 1 filed contract

NVIDIA

NVIDIA is the customer in one GPU capacity contract. 1 clauses, 1 filed extracts.

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GPU cloud · 7 filed contracts · 8 financings

CoreWeave

CoreWeave is the tenant in one data centre lease, the tenant and assignor in one lease assignment, the guarantor in one guarantee, the provider in four GPU capacity contracts, the sponsor in six GPU loans and the issuer in two note issues. 14 clauses, 29 filed extracts.

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GPU cloud · 2 filed contracts · 1 financing

Fluidstack

Fluidstack is the tenant in two recognition agreements and the joint venture partner in one note issue. 6 clauses, 17 filed extracts.

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GPU cloud · 1 filed contract

Lambda

Lambda is the sublicensee in one colocation sublicense. 4 clauses, 7 filed extracts.

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GPU cloud · 9 filed contracts · 4 financings

Nscale

Nscale is the supplier in one GPU capacity contract, the customer in one colocation agreement, the provider in one GPU capacity contract, the borrower in one credit agreement, the owner in one design-build contract, the tenant in one data centre lease, the borrower in one neocloud corporate revolver, the borrower (Ward County SPV) in one credit agreement, the customer (Ward County SPV) in one compute equipment lease and the sponsor in four GPU loans. 46 clauses, 105 filed extracts.

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Server maker · 3 filed contracts

Supermicro

Supermicro is the customer in two colocation agreements and the sublicensor in one colocation sublicense. 9 clauses, 30 filed extracts.

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Data centre provider · 1 filed contract

WhiteFiber

WhiteFiber is the provider (through Enovum NC-1 Bidco) in one colocation agreement. 8 clauses, 19 filed extracts.

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Data centre developer · 7 filed contracts · 3 financings

Applied Digital

Applied Digital is the landlord in one data centre lease, the landlord in one lease assignment, the beneficiary in one guarantee, the borrower’s parent in two development loans, the sponsor in one preferred equity agreement, the sponsor (common member) in one preferred equity agreement and the sponsor in three note issues. 20 clauses, 45 filed extracts.

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GPU cloud and data centre owner · 5 filed contracts · 1 financing

IREN

IREN is the supplier in one GPU capacity contract, the guarantor in one guarantee, the borrower in one credit agreement, the buyer (through IE US Hardware 3) in two GPU server supply contracts and the sponsor in one GPU loan. 15 clauses, 38 filed extracts.

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Data centre developer · 1 filed contract · 2 financings

TeraWulf

TeraWulf is the landlord in one recognition agreement, the sponsor in one note issue and the joint venture partner in one note issue. 6 clauses, 13 filed extracts.

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Data centre developer · 1 filed contract · 1 financing

Cipher Digital

Cipher Digital is the landlord in one recognition agreement and the sponsor in one note issue. 4 clauses, 4 filed extracts.

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Data centre developer · 1 financing

Core Scientific

Core Scientific is the sponsor in one note issue. Lenders, size and terms of each.

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GPU cloud · 1 filed contract · 1 financing

Sharon AI

Sharon AI is the provider in one GPU capacity contract and the sponsor in one GPU loan. 6 clauses, 7 filed extracts.

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Hyperscaler · 1 filed contract

Amazon

Amazon is the buyer in one data centre campus purchase. 1 clauses, 4 filed extracts.

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Power generator · 1 filed contract

Talen Energy

Talen Energy is the seller in one data centre campus purchase. 1 clauses, 4 filed extracts.

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Data centre developer · 1 filed contract

Galaxy Digital

Galaxy Digital is the borrower in one credit agreement. 3 clauses, 7 filed extracts.

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Data centre and power developer · 3 filed contracts

Fermi

Fermi is the borrower in two credit agreements and the tenant in one data centre lease. 8 clauses, 31 filed extracts.

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Data centre developer · 1 filed contract

Ionic Digital

Ionic Digital is the landlord in one data centre lease. 6 clauses, 9 filed extracts.

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Power generation provider · 1 filed contract

Solaris Energy Infrastructure

Solaris Energy Infrastructure is the lessor in one power generation agreement. 5 clauses, 15 filed extracts.

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Development lender and platform investor · 4 filed contracts

Macquarie

Macquarie is the lender in two development loans, the preferred equity investor in one preferred equity agreement and the preferred member in one preferred equity agreement. 12 clauses, 30 filed extracts.

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Bank and agent · 1 filed contract

Morgan Stanley

Morgan Stanley is the administrative agent and collateral agent in one AI lab credit agreement. 6 clauses, 17 filed extracts.

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Bank and agent · 1 filed contract

JPMorgan

JPMorgan is the administrative agent in one neocloud corporate revolver. 5 clauses, 13 filed extracts.

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Server maker · 3 filed contracts

Dell

Dell is the supplier in two GPU server supply contracts and the funder (Dell Financial Services) in one compute equipment lease. 11 clauses, 26 filed extracts.

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GPU cloud · 1 filed contract

Boost Run

Boost Run is the provider (with Boost Run Inc. as parent guarantor) in one GPU capacity contract. 6 clauses, 8 filed extracts.

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AI lab · 1 filed contract

Cohere

Cohere is the customer in one GPU capacity contract. 6 clauses, 8 filed extracts.

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Bitcoin miner and data centre developer · 1 filed contract

MARA

MARA is the landowner (MARA USA Corporation) in one development joint venture agreement. 6 clauses, 11 filed extracts.

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Investor and developer · 1 filed contract

Starwood Capital

Starwood Capital is the capital partner and developer in one development joint venture agreement. 6 clauses, 11 filed extracts.

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New filed contracts and financings for any company here. One email when something changes, nothing otherwise. Confirm by email; stop with one click.

Method

Profiles are generated from the contract library, the GPU loan summaries and the bond protections, so each line links to a public SEC exhibit and its checked wording. A company is added once it is a party to a filed contract in the library or sponsors a filed financing. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.

Randeep Bubbra

InfraCompute Weekly

The week in compute finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing data centres, GPU clouds and the power behind them. By Randeep Bubbra.

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