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SAVRN Research · Capital Atlas · Hyperscaler

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.

Updated October 8, 2026 20 named sites 19 financing transactions 5 sourced facts 83 sources
Amazon (AWS) logo
Amazon (AWS)
AMZN
Hyperscaler
Financing regimebalance-sheet / operating cash flow, with power procured contractually via PPAs
Named sites
20
Site-level commitments the atlas ties to Amazon (AWS)
Disclosed site capital
$128B
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
532 MW
Sum of named sites with a stated megawatt figure
Financing transactions
19
Transactions naming Amazon (AWS) or tied to one of its sites
Spending

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.

PeriodKindAmountAs statedSources
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
Named sites

Where Amazon (AWS) builds

SiteStatePlaceCapitalMWStatusSources
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

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.

PartiesInstrumentAmountDateSiteSources
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.
The record

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

Sources for Amazon (AWS)

Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.

Hyperscaler: one page each

The figure beside each provider is its count of named sites in the atlas.

Part of the North American Data Center Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice.
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