AI Compute Deal Ledger · Free Dataset · CC BY 4.0

SoftBank: The AI Deal Record

Every SoftBank deal in the ledger, with the source on every row. Binding base-term value: none recorded. Snapshot disclosures (backlog restatements, order intake, program envelopes) are listed but never summed.

Binding value

·

0 binding deals, base terms

Binding capacity

·

contracted IT load with disclosed MW

Not binding

·

0 LOI / framework / reported

Deal by Deal

2025-01-21FrameworkSnapshot, not summed↻ Circular

OpenAI (Buyer) · SoftBank (Financier) · Oracle (Provider) · MGX (Financier)

Value
up to $500B
Capacity / term
10 GW · 4y
First revenue
not disclosed

PROGRAM ENVELOPE, excluded from every summed total: the January 2025 Stargate announcement of intent to invest $500B over four years in US AI infrastructure. The discrete contracts inside it get their own rows as they sign, most notably the $300B OpenAI-Oracle compute contract (openai-oracle-stargate-2025-09); summing the envelope and its contents would double count by construction. Circular: the operational partner is the anchor customer of the capacity the JV builds.

Conditions: Intent to invest $500B over four years, $100B initially, targeting 10 GW. SoftBank holds financial responsibility, OpenAI operational responsibility; initial equity funders SoftBank, OpenAI, Oracle and MGX. By late 2025 the program reported nearly 7 GW of planned capacity and over $400B of investment across announced sites.

Company-Stated Totals

$500B (program envelope, as of 2025-01-21) as stated by the company. These snapshots overlap the discrete deals above, which is exactly why the ledger never adds them to anything.

Part of the free AI Compute Deal Ledger by Regards of Wallstreet, licensed CC BY 4.0. Cite it, chart it, link it.