Data-center capacity build-out
Targeting 5 GW of contracted power by year-end 2026 and more than 1 GW of new deployments per year from 2027.
The numbers
What it is
Nebius adds capacity through owned AI factories in the US, colocated sites in the US and Europe, and new sites in the UK, Estonia and Finland. Capacity is secured through land and power commitments before it is built.
Why it matters to the stock. Revenue depends on how fast capacity goes live. Capacity also sets the capex bill, which reached $5.66 billion in Q2 2026 alone.
News
Nebius prices upsized $5.0 billion convertible notes due 2030 and 2034
Nebius priced an upsized private offering of $5.0 billion in convertible senior notes, from an earlier $4.5 billion target.
Nebius reaffirms 2026 outlook and lifts year-end contracted power target to 5 GW
With its Q2 2026 results Nebius kept its full-year 2026 guidance across all metrics and raised its year-end contracted power target to 5 GW, from the more than 4 GW it had indicated last quarter.
Nebius closes first senior secured debt facility of about $775 million
Nebius raised about $775 million in its first senior secured debt facility, which matures October 31, 2030 and is priced at SOFR plus 2.50%.
Nebius commits about £1.7B to three new UK AI sites totalling 65 MW
Nebius said it is committing about £1.7 billion to build out capacity at four UK sites, including three new NVIDIA-based deployments that together reach 65 MW when fully ramped in 2027.
Nebius Q1 2026 revenue rises 684% to $399M; EBITDA turns positive
Nebius reported first-quarter 2026 revenue of $399.0 million, up 684% from a year earlier, and adjusted EBITDA of $129.5 million against a loss of $53.7 million.
Nebius to build up to 310 MW AI factory in Lappeenranta, Finland
Nebius announced a new AI factory of up to 310 megawatts in Lappeenranta, Finland.
Nebius prices upsized $4.0B convertible notes due 2031 and 2033
Nebius priced an upsized $4.0 billion private offering of convertible senior notes, raised from an initial $3.75 billion.
NVIDIA to invest $2 billion in Nebius and back a 5 GW build-out
NVIDIA agreed to invest $2 billion in Nebius, and the two companies said Nebius will deploy more than 5 gigawatts of NVIDIA-based capacity by the end of 2030.