Compute · Compute Contract · Warrant · Signed
Anthropic and Akamai cloud capacity contracts
Anthropic signed two project plans with Akamai for dedicated cloud computing capacity, each with an initial seven-year term. Akamai also issued Anthropic a warrant to buy its preferred stock.
- Aggregate commitment under the two project plans
- about $11.6B
- Signed · 8-K · 7 yrs
- Warrant shares (Series B non-voting convertible preferred)
- ≤387,051 shares
- 8-K
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Aggregate commitment under the two project plansContract value · Anthropic → Akamai · 7 yrsCondition: Subject to termination rights and to delivery and service availability requirements“Subject to any termination described below and satisfaction of certain delivery and service availability requirements, Anthropic has committed to pay the Company approximately $11.6 billion in the aggregate under the Project Plans.” | about $11.6B | Signed | 8-K ↗ |
Warrant exercise price per Series B preferred sharePrice per share“at an exercise price of $2,226.60 per Warrant Share” | $2,226.60 | Signed | 8-K ↗ |
Capacity and counts
| Measure | Value | Source |
|---|---|---|
Warrant shares (Series B non-voting convertible preferred)“the Company issued to Anthropic a warrant (the "Warrant") to purchase up to 387,051 shares (the "Warrant Shares") of the Company's Series B Non-Voting Convertible Preferred Stock” | ≤387,051 shares | 8-K ↗ |
Participants
Roles as the source names them
| Organization | Role | Type | Note |
|---|---|---|---|
| Anthropic | Buyer | AI lab | Anthropic, PBC |
| Akamai | Provider | Cloud | — |
Key terms
- Term
- Each project plan has an initial seven-year term from its service start date. 8-K ↗
“Each Project Plan has an initial seven-year term commencing on their respective service start dates.”
- Framework
- The project plans sit under a master services agreement dated May 5, 2026. 8-K ↗
“under the existing Master Services Agreement between the Company and Anthropic, dated as of May 5, 2026”
- Warrant vesting
- The warrant vests in four tranches tied to additional contract value from Anthropic. 8-K ↗
“The Warrant will vest and become exercisable in four tranches based upon the commitment by Anthropic to the Company of additional commercial contractual value”
Sources
- SEC EDGAR (Akamai Technologies, Inc.), “Akamai Technologies Form 8-K, September 24, 2026 (Anthropic Master Services Agreement and warrant)”, Sep 24, 2026 · Form 8-K, accession 0001193125-26-401048 · retrieved Oct 21, 2026
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