Amazon Data Center Capex and Sites
Amazon's purchases of property and equipment were $82,999 million in 2024 and $131,819 million in 2025, with net cash capex of $77.7 billion and $128.3 billion respectively, primarily supporting AWS growth. Guidance escalated three times inside eighteen months, from $100 billion for 2025 to $200 billion and then $220 billion for 2026. Announced North American commitments include $11 billion plus an additional $15 billion in Indiana, at least $20 billion in Pennsylvania, more than $23 billion forecast in Ohio by 2030, and $10 billion for two Mississippi complexes plus a further $3 billion Vicksburg campus. AWS builds are overwhelmingly balance-sheet funded, with power procured contractually, including a 1,920 MW nuclear PPA with Talen Energy through 2042.
Reported and guided spending
Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and never combined.
| Period | Kind | Amount | As stated | Sources |
|---|---|---|---|---|
| FY2023 | reported | $52.7B | Cash-flow statement purchases of property and equipment, $(52,729)M in 2023 |
|
| FY2024 | reported | $83.0B | Cash-flow statement purchases of property and equipment, $(82,999)M in 2024; net of proceeds and incentives, cash capital expenditures were $77.7 billion in 2024 |
|
| FY2025 | reported | ~$132B | Cash-flow statement purchases of property and equipment, $(131,819)M in 2025; net cash capital expenditures $128.3 billion, primarily investments in technology infrastructure, the majority to support AWS business growth, expected to increase in 2026 |
|
| CY2025 | guidance | $100B | Amazon guided to $100 billion for 2025 |
|
| CY2026 (Feb 2026 guide) | guidance | $200B | Amazon plans to double its capex spend in 2026, investing $200 billion, most of which will be funnelled into data centers for its AWS cloud division; held steady on that forecast in April |
|
| CY2026 (Jul 2026 guide) | guidance | $220B | In July 2026 CEO Andy Jassy said the company expects capital spending to reach $220 billion this year |
|
| Q2 2026 | reported | $54.2B | Capital expenditures reached $54.2 billion during the June quarter, compared with $32.1 billion a year ago |
Where Amazon (AWS) builds
| Site | State | Place | Capital | MW | Status | Sources |
|---|---|---|---|---|---|---|
AWS Virginia standing commitment Jan 2023 |
Virginia | n.a. | $35.0B | n.a. | announced | |
Project Rainier, New Carlisle / St. Joseph County with NIPSCO |
Indiana | New Carlisle, St. Joseph County | $26.0B | n.a. | operating | |
Pennsylvania campuses (Salem Township and Falls Township) |
Pennsylvania | Luzerne and Bucks counties | ≥$20.0B | n.a. | announced | |
AWS data center campus, Energy Way Industrial Park (Airport Road), Hamlet with Duke Energy, Richmond County |
North Carolina | Hamlet, Richmond County | ~$10.0B | n.a. | under construction | |
Madison County data center complexes |
Mississippi | Madison County | $10.0B | n.a. | announced | |
AWS data center campus near R.M. Schahfer Generating Station (Wheatfield) with NIPSCO (site owner), Jasper County |
Indiana | Wheatfield, Jasper County | $7.0B | n.a. | under construction | |
AWS Mexico (Central) Region Region first announced February 2024; launched with the $5 billion commitment on Tuesday 14 January 2025 |
MX-Queretaro | Queretaro, n.a. (State of Queretaro) | ≥$5.0B | n.a. | operating | |
Wilmington campus (tabled) Permitting ordinances passed 3 September 2026; zoning initiative kept off ballot 18 September 2026 |
Ohio | Wilmington, Clinton County | $4.0B | n.a. | delayed | |
Project Blue, Tucson Rejected; Tucson subsequently adopted new datacenter approval rules (reported August 2026) |
Arizona | Tucson | $3.6B | n.a. | rejected | |
Vicksburg campus Timeline presented 17 September 2026; operations targeted early 2029 |
Mississippi | Vicksburg | $3.0B | n.a. | announced | |
Sunbury data center campus |
Ohio | Sunbury | $2.0B | n.a. | announced | |
Project Eagle campus, Boling with VisionFirst Advisors (consultant) |
Texas | Boling, Wharton County | ~$1.2B | 75 | announced | |
GW Ranch data center and power campus with Pacifico Energy Group (developer), Gensler (design) |
Texas | Fort Stockton area, Pecos County | ~$900M | n.a. | under construction | |
Amazon data center, Faircrest Street SW (Perry Township and Canton JEDD) with Panattoni Development |
Ohio | Perry Township, Stark County | n.a. | 240 | under construction | |
Bridgefield Tech Center (former George Washington University Virginia Science and Technology Campus) with George Washington University (seller, may remain up to five years) |
Virginia | Ashburn, Loudoun County | n.a. | 217 | site plan filed | |
AWS Hobart data center campus (Hobart Tech Park and Ewen Farm) with NIPSCO, City of Hobart |
Indiana | Hobart, Lake County | n.a. | n.a. | under construction | |
AWS data center campus, Scioto Darby Road (Hilliard area) with AEP Ohio fuel cell plant with AEP Ohio, Bloom Energy |
Ohio | Hilliard area (Norwich Township), Franklin County | n.a. | n.a. | under construction | |
AWS data centers at Homer City Energy Campus (Center and Blacklick townships) with Homer City Redevelopment LLC, FirstEnergy |
Pennsylvania | Homer City area (Center and Blacklick townships), Indiana County | n.a. | n.a. | proposed | |
Kline Township campus Approved unanimously by the Kline Township Board of Supervisors on Wednesday 30 September 2026, two days after the planning commission's conditional recommendation; first presented January 2026 |
Pennsylvania | Kline Township (McAdoo area), Schuylkill County | n.a. | n.a. | approved | |
New Albany five-building campus |
Ohio | New Albany | n.a. | n.a. | announced |
Financing transactions
Transactions that name Amazon (AWS) as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.
| Parties | Instrument | Amount | Date | Site | Sources |
|---|---|---|---|---|---|
OpenAI + SoftBank Group (Vision Fund 2) + Nvidia + Amazon OpenAI's $122 billion funding round, which valued the company at $852 billion, drew commitments of up to $50 billion from Amazon and $30 billion each from Nvidia and SoftBank. SoftBank paid its $30 billion in three $10 billion tranches due 1 April, 1 July and 1 October 2026, funding the last from an $11.1 billion high-yield bond sale announced 24 September 2026, which lifted its total OpenAI investment to $64.6 billion for about a 13% stake; it also repaid and closed its $40 billion bridge loan. SBS, citing The Information, reported that Nvidia also paid its final $10 billion and that Amazon's $50 billion was paid in full in July 2026. OpenAI is now reported to be seeking a further $30 billion at a $1.4 trillion valuation. |
equity raise | $122B | Round agreed early 2026 (TNW: SoftBank commitment agreed late February 2026; SBS: March 2026 round); SoftBank's third and final $10 billion tranche paid 1 October 2026 Japan time, completing its $30 billion; Nvidia's final $10 billion reported paid by The Information on 1 October 2026 (relayed by SBS) | n.a. | |
Anthropic + Amazon (AWS) + AWS Anthropic committed more than $100 billion over ten years to AWS technologies, securing up to 5GW of new capacity to train and run Claude, with nearly 1GW total of Trainium2 and Trainium3 capacity coming online by end of 2026. |
other | ≥$100B | April 2026 | n.a. | |
Qualcomm + Amazon (AWS) Qualcomm and Amazon announced a multi-generational partnership under which Amazon may buy up to $60 billion of Qualcomm AI data center chips and related products. The scope covers customized processors for large-scale AI inference, optical connectivity for Amazon's data center networks, and expanded use of AWS infrastructure in Qualcomm's chip-design workflow. Qualcomm granted Amazon warrants worth approximately $4 billion that vest with product purchases, exercisable at $161.26 per share. Qualcomm stated it expects the partnership to help drive its data center chip revenue to $15 billion by 2029. |
other | $60.0B | Announced 8 September 2026 | n.a. | |
Amazon.com, Inc. Amazon sold $37.0 billion of senior unsecured notes in eleven tranches maturing from 2028 to 2076 under its shelf registration, for general corporate purposes. It was one of three Amazon note offerings in the first half of 2026 not previously in the atlas, alongside a euro offering the same week and a Canadian dollar offering in June. |
senior notes | ~$37.0B | Backfill (not previously recorded). Priced 10 March 2026; final prospectus supplement filed 12 March 2026; settlement on or about 13 March 2026 | n.a. | |
Amazon Amazon closed an eight-tranche US dollar notes offering on 9 July 2026, maturing between 2029 and 2066. Amazon later raised its 2026 capital expenditure guidance to about $220 billion on 30 July 2026, mostly for AWS data centers |
senior notes | ~$24.9B | Closed 9 July 2026 | n.a. | |
Generac Holdings + Amazon Generac signed a long-term agreement to supply backup power generators for Amazon data centers worth up to $8 billion and issued warrants to an Amazon subsidiary that vest in stages as Amazon's purchase payments accrue, with full vesting at $8 billion of payments. 307,954 warrant shares became exercisable at signing and the warrants run through 16 September 2033 |
supply agreement | ~$8.0B | Announced 16 September 2026 | n.a. | |
Cipher Mining (now Cipher Digital) + Amazon Web Services Cipher signed a 15-year lease with Amazon Web Services to provide turnkey space and power for AI workloads, delivering 300 MW of gross capacity with air and liquid cooling in two phases from July 2026 to the fourth quarter of 2026, with rent commencing in August 2026. Cipher's November 2025 investor presentation pairs the 300 MW Black Pearl facility with Amazon Web Services in its capacity chart; the Black Pearl site record describes the tenant as an undisclosed investment-grade hyperscaler. |
lease | ≥$5.5B | Announced 3 November 2025 (Cipher third quarter 2025 business update, Form 8-K exhibits) | Black Pearl Facility (TX) | |
Amazon + Anthropic Amazon is investing $5 billion in Anthropic with up to an additional $20 billion in the future, building on the $8 billion previously invested. |
equity raise | $5.0B | April 2026 | n.a. | |
Amazon + Anthropic Amazon's equity investment in Anthropic reached $4 billion in March 2024, comprising an initial $1.25 billion and an additional $2.75 billion. |
equity raise | $4.0B | initial September 2023 ('Last September'); completed March 2024 | n.a. | |
Amazon (Amazon Web Services) Amazon announced on Friday 2 October 2026 a community investment program pledging more than $1 billion over five years to towns and counties where it operates data centers. It covers community college tuition and fees not met by financial aid and an expansion of its Modular Training Centers from three to 25 by the end of 2028. Amazon said it had already contributed more than $1 billion to US data center communities over the prior three years, and also said it has stopped using nondisclosure agreements with government agencies on data center projects. This is community spending, not data center capital expenditure. |
other | ≥$1.0B | Announced Friday 2 October 2026 | n.a. | |
Amazon + X-energy + Citadel + Ares Management + NGP + University of Michigan Amazon's Climate Pledge Fund led an approximately $500 million Series C-1 round in SMR developer X-energy, alongside Citadel founder Ken Griffin, affiliates of Ares Management, NGP and the University of Michigan. Amazon and X-energy stated a target of bringing more than 5 GW of new power projects online across the United States by 2039. |
equity raise | ~$500M | Announced 16 October 2024 | n.a. | |
Amazon + Talen Energy Talen entered a power purchase agreement to provide Amazon with 1,920 megawatts of carbon-free nuclear power through 2042 from the Susquehanna plant in Pennsylvania, at full quantity, with options to extend and exploration of SMR technology. Amazon's quote in the release ties it to the $20B Pennsylvania commitment and 1,250 jobs; Talen owns approximately 10.7 GW of power infrastructure including 2.2 GW of nuclear. |
ppa | n.a. | Through 2042, with options to extend | Pennsylvania campuses (Salem Township and Falls Township) (PA) | |
Amazon + NIPSCO Amazon's November 2025 Indiana announcement included an energy agreement with NIPSCO expected to provide approximately $1 billion in cost savings to Indiana residents and businesses over 15 years. |
other | n.a. | Announced November 2025 alongside the $15B Indiana expansion | Project Rainier, New Carlisle / St. Joseph County (IN) | |
Amazon + Energy Northwest + X-energy Amazon is funding Energy Northwest's Cascade Advanced Energy Facility outside Richland, Washington, near the Columbia Generating Station. The project begins as a four-unit, 320 MW installation of X-energy Xe-100 reactors at 80 MW per module, with an option to expand to 12 units and 960 MW. Utility Dive reported in October 2025 that the plan had moved to the full 12-unit configuration, with construction expected at the end of the decade and operations in the 2030s. |
other | n.a. | Announced October 2024; scope update October 2025 | n.a. | |
Amazon Amazon closed a four-tranche British pound notes offering under its February 2026 shelf registration. The filing does not mention data centers, and use of proceeds is not stated in the 8-K |
senior notes | n.a. | Closed per Form 8-K filed 14 September 2026 | n.a. | |
Amazon + Pacifico Energy Amazon confirmed ownership of the GW Ranch site in Pecos County, Texas, acquired from Pacifico Energy, when it filed building permits for three 189,000 sq ft data center buildings. Permits show 35 gas turbines capable of up to 7.65 GW, with up to 750 MW of solar and 1.8 GW of battery storage planned. Inside Climate News reported the project holds the largest air permit issued in the country this year, allowing about 33 million tons per year of emissions Amazon confirmed it is investing in a natural gas power plant to supply its planned Pecos County data center project, which The New York Times reported on 8 August 2026 could become the largest single source of climate pollution in the United States; Ars Technica described it as Amazon's first big investment in an off-grid data center. |
acquisition | n.a. | Ownership disclosed through building permits filed August 2026; reported 11 August 2026 | n.a. | |
Amazon (Amazon Web Services) + Constellation Energy Amazon signed a 20-year power purchase agreement with Constellation covering 690 MW from the Calvert Cliffs Clean Energy Center in Lusby, Maryland. Constellation said the revenue certainty supports about $3 billion of plant upgrades, a 20-year relicensing of the two reactors (licenses expire in 2034 and 2036) and about 190 MW of added output beginning between 2030 and 2032, and that it will evaluate small modular reactors at the site. The power stays on the PJM grid rather than flowing directly to Amazon data centers; the companies also signed a related retail supply agreement for Amazon operations in the 13-state PJM market. Amazon withdrew its own Calvert County data center campus plan in August 2026 (see capital at risk). |
ppa | n.a. | Announced Wednesday 30 September 2026 (Constellation release, reported by Maryland Matters) | n.a. | |
Amazon.com, Inc. Amazon sold EUR 14.5 billion of senior unsecured notes in eight tranches maturing from 2028 to 2064, a day after pricing its $37.0 billion US dollar offering. |
senior notes | n.a. | Backfill (not previously recorded). Final prospectus supplement filed 13 March 2026; settlement on or about 16 March 2026 | n.a. | |
Amazon.com, Inc. Amazon sold C$14.0 billion of Maple bonds in five tranches maturing from 2029 to 2056, for general corporate purposes including capital expenditures. |
senior notes | n.a. | Backfill (not previously recorded). Priced 8 June 2026; final prospectus supplement filed 10 June 2026; settlement on or about 12 June 2026 | n.a. |
Sourced facts on Amazon (AWS)
- Since 2011, AWS has invested more than $108 billion in its infrastructure across the U.S.
- By 2030, AWS's planned investment toward data center expansion in Ohio is forecast to surpass $23 billion, one of the largest private investment commitments Ohio has ever received; the December 2024 increment was an estimated $7.8 billion by 2030, and cumulative Ohio cloud infrastructure investment since 2016 was more than $10.3 billion.
- AWS's standing Virginia commitment is $35 billion in additional data center investment by 2040, announced January 2023; it predates the 2024-2026 window but remains the largest single-state AWS commitment.
- Aggregate delayed or paused capacity in MW for Amazon is n.a.; no source quantifies AWS pull-back in MW. Confirmed blocked or delayed announced dollars: $3.6B (Tucson) plus $4B (Wilmington, tabled).
- After rejecting Project Blue, Tucson adopted rules requiring council approval for any datacenter larger than 25,000 sq ft or requiring more than 20 megawatts of power, with water-disclosure triggers above 7 million gallons per month.
Sources for Amazon (AWS)
Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.
- vedp.orgVirginia Economic Development Partnership
- datacenterdynamics.comDCD
- cnbc.comCNBC
- aboutamazon.comAmazon
- indystar.comIndyStar
- wndu.comWNDU
- pa.govPennsylvania Governor's Office
- ir.talenenergy.comTalen Energy IR
- richmondobserver.comRichmond Observer
- wfae.orgWFAE
- yourdailyjournal.comRichmond County Daily Journal
- yahoo.comNews & Observer via Yahoo
- wral.comWRAL
- wsoctv.comWSOC
- duke-energy.comDuke Energy Smith project page
- aboutamazon.comAmazon
- inkfreenews.comInkFreeNews (county release), 22 June 2026
- chicagotribune.comChicago Tribune, 23 August 2026
- shawlocal.comDaily Journal (Shaw Local)
- techcrunch.comTechCrunch, 14 January 2025
- convergedigest.comConverge Digest
- latintimes.comLatin Times
- datacenterdynamics.comDCD
- msn.comWLWT via MSN
- msn.comThe Cool Down via MSN
- courtnewsohio.govCourt News Ohio (Supreme Court of Ohio)
- prnewswire.comPR Newswire / Data Center Watch
- aztechcouncil.orgAZ Tech Council
- kjzz.orgKJZZ
- datacenterdynamics.comDCD
- constructionreviewonline.comConstruction Review Online
- usdatacenterprojects.comUS Data Center Projects (TDLR filings)
- finance.yahoo.comYahoo Finance (CRE Daily)
- msn.comHouston Chronicle via MSN
- enr.comEngineering News-Record
- finance.yahoo.comYahoo Finance
- msn.comThe Canton Repository via MSN, 4 September 2026
- aol.comThe Canton Repository via AOL, 15 July 2026
- virginiabusiness.comVirginia Business
- wtop.comWTOP
- gwhatchet.comThe GW Hatchet
- loudountimes.comLoudoun Times-Mirror
- chicagotribune.comChicago Tribune
- msn.comThe Columbus Dispatch via MSN
- wosu.orgWOSU Public Media
- indianagazette.comIndiana Gazette
- wccsradio.comWCCS
- datacenterdynamics.comDCD
- standardspeaker.comStandard-Speaker
- fox56.comFOX56 (WOLF), 30 September 2026
- thenextweb.comThe Next Web
- news.sbs.co.krSBS News (citing The Information)
- cryptobriefing.comCrypto Briefing
- anthropic.comAnthropic-Amazon
- cnbc.comCNBC
- finance.yahoo.comYahoo Finance
- fool.comMotley Fool
- sec.govAmazon final prospectus supplement, Form 424(b)(5) (SEC)
- sec.govSEC Form 8-K
- cnbc.comCNBC
- sec.govSEC Form FWP final term sheet (Amazon)
- finance.yahoo.comQuartz via Yahoo Finance
- sec.govGenerac Form 8-K (SEC)
- sec.govCipher Mining Q3 2025 release (Form 8-K Ex. 99.1)
- sec.govCipher Mining business update presentation (Form 8-K Ex. 99.2)
- aboutamazon.comAmazon
- finance.yahoo.comYahoo Finance
- x-energy.comX-energy
- utilitydive.comUtility Dive
- utilitydive.comUtility Dive
- sec.govSEC Form 8-K
- finance.yahoo.comQuartz via Yahoo Finance (citing Reuters)
- sec.govSEC Form FWP final term sheet (Amazon)
- insideclimatenews.orgInside Climate News
- arstechnica.comArs Technica
- marylandmatters.orgMaryland Matters, 30 September 2026
- sec.govAmazon final prospectus supplement, Form 424(b)(5) (SEC)
- sec.govAmazon final prospectus supplement, Form 424(b)(5) (SEC)
- sec.govAmazon FY2025 Form 10-K
- cnbc.comCNBC, Feb 2025
- cnbc.comCNBC
- aboutamazon.comAmazon
- seattletimes.comThe Seattle Times, 3 October 2026
Hyperscaler: one page each
The figure beside each provider is its count of named sites in the atlas.
Seven references, one system
Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.