Off the Books: Hyperscaler Capex & Financing
How the largest builders are funding the buildout — capex trajectories, off-balance-sheet structures, PPAs, and the financing strategies behind the headline numbers.
What this report covers
- Capex trajectory and guidance across the major hyperscalers
- Off-balance-sheet JV & SPV structures
- Power purchase agreements as a financing lever
- What the SEC filings actually disclose
The data behind it
The analyst research builds on our live capital & markets data, shown here in full. The interpretation, outlook, and models are the part you can’t auto-generate — that’s the premium report.
Recent tracked deals, financings & PPAs · live site data as of Aug 14, 2026
| Company | Event | Date |
|---|---|---|
| Nvidia | Nvidia’s $500B AI Infrastructure Bet Raises Power Stakes | 2026-08-13 |
| Nebius / Vantage | Nebius to lease data center capacity from Vantage in Newport, Wales | 2026-08-13 |
| — | Form Energy raises $750m to expand West Virginia iron-air battery plant to me… | 2026-08-13 |
| xAI | Elon Musk says xAI will increase data center capacity 7x by 2027 — targeting … | 2026-08-13 |
| — | Former LBNL supercomputing facility in Oakland, California, targeted for 20MW… | 2026-08-12 |
| — | Landmark Dividend acquires data center in Jacksonville, Florida, for $8.1m | 2026-08-12 |
| — | 3.8 GW Load Drop Prompts Potential PJM Data Center Rules | 2026-08-12 |
| — | Bank of America is deploying $250 billion to finance U.S. data centers and en… | 2026-08-12 |
| Company | Form | Date |
|---|---|---|
| AIB Data Centers Inc. AIB | 10-Q | 2026-08-13 |
| Nano Nuclear Energy Inc. NNE | 8-K | 2026-08-13 |
| Cerebras Systems Inc. CBRS | 8-K | 2026-08-12 |
| Cerebras Systems Inc. CBRS | 10-Q | 2026-08-12 |
| SharonAI Holdings Inc. | S-1 | 2026-08-12 |
| CoreWeave, Inc. CRWV | 10-Q | 2026-08-12 |
Off the Books: Hyperscaler Capex & Financing
How the largest builders are funding the buildout — capex trajectories, off-balance-sheet structures, PPAs, and the financing strategies behind the headline numbers.
- Capex trajectory and guidance across the major hyperscalers
- Off-balance-sheet JV & SPV structures
- Power purchase agreements as a financing lever
- What the SEC filings actually disclose
Included with a paid plan — built for analyst, investor & institutional users.
About “Off the Books: Hyperscaler Capex & Financing”
How the largest builders are funding the buildout — capex trajectories, off-balance-sheet structures, PPAs, and the financing strategies behind the headline numbers. It is part of our premium analyst research — interpretation, forward outlooks, and models that go beyond the free data reports, included with a paid plan. Explore the underlying data on the power, policy, markets, and map pages.