Nebius Group has raised a $700 million strategic equity round, a $3.75 billion equity-plus-converts package, approximately $4.3375 billion and $5.0 billion convertible note offerings, and a $2 billion Nvidia equity investment tied to scaling more than 5GW by 2030. Anchor contracts include a $17.4 billion five-year Microsoft agreement expandable to up to $19.4 billion, anchored at Vineland, New Jersey, and Meta agreements of $3 billion and then $27 billion over five years. Contracted-power guidance has escalated to more than 4GW, with Q1 2026 group revenue of $399.0 million and capex of approximately $2.5 billion.
Named sites
4
Site commitments on record for Nebius Group
Disclosed site capital
n.a.
Named sites with a stated dollar figure. A floor, not a capex total
Disclosed capacity
1,500 MW
Named sites with a stated megawatt figure
Financing transactions
14
Transactions naming Nebius Group or one of its sites
Prices tracked
13
5 confirmed on the provider's feed or page at the last check
Sources
29
Every cited page, listed below
MarketMarket data from TradingView, delayed
Spending
Reported and guided spending
Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent, and guidance is what management expects. They sit side by side and are never combined.
| Period | Kind | Amount | As stated | Sources |
|---|---|---|---|---|
| Q1 2026 | reported | ~$2.5B | Q1 2026 capex approximately $2.5 billion; $6.3 billion of capital secured in the quarter, $2.3 billion positive operating cash flow, $9.3 billion ending cash |
|
| Q3 2025 | reported | $956M | Q3 2025 capex of $955.5 million against revenue of $146.1 million |
|
| FY2026 guidance | guidance | ≥$3.2B | 2026 revenue guidance of $3.0B-$3.4B (midpoint recorded) and $7B-$9B ARR; contracted-power guidance escalated from >1GW (Aug 2025) to >2.5GW, >3GW and currently >4GW |
Named sites
Where Nebius Group builds
| Site | State | Place | Capital | MW | Status | Sources |
|---|---|---|---|---|---|---|
Highridge Business Park AI factory with PPL Electric Utilities |
Pennsylvania | Butler Township, Schuylkill County | n.a. | 1,200 | announced | |
Vineland build-to-suit facility with Microsoft |
New Jersey | Vineland | n.a. | 300 | announced | |
Independence AI factory campus Groundbreaking 12 May 2026 |
Missouri | Independence, Jackson County | n.a. | n.a. | construction | |
Kansas City colocation |
Missouri | Kansas City | n.a. | n.a. | announced |
Financing
Financing transactions
Transactions that name Nebius Group as a party or attach to one of its named sites. Amounts are as stated, and overlapping commitments are never summed.
| Parties | Instrument | Amount | Date | Site | Sources |
|---|---|---|---|---|---|
Nebius Group + Meta Second, far larger Meta agreement following the initial $3 billion deal. |
other | $27.0B | compute purchase beginning early 2027 |
n.a. |
|
Nebius Group + Microsoft AI infrastructure agreement anchored at the Vineland, New Jersey facility, with more than 100,000 GB300 units planned. |
other | $17.4B | September 2025 |
Vineland build-to-suit facility (NJ) |
|
Nebius Group Upsized private offering of convertible senior notes. Closed 24 August 2026 with aggregate principal of $5.75 billion after initial purchasers exercised options: $3.45 billion of 0.50% notes due 2030 and $2.3 billion of 4.50% notes due 2034. Holders exchanged $400 million of 2029 notes and $400 million of 2031 notes for approximately 15.8 million Class A shares |
convertible | ~$5.8B | Priced 19 August 2026; closed 24 August 2026 |
n.a. |
|
Nebius Group Private offering of convertible senior notes with aggregate gross proceeds of approximately $4.3 billion. |
convertible | ~$4.3B | closed March 20, 2026 |
n.a. |
|
Nebius Group Combined stock offering and convertible notes raise. |
convertible | $3.8B | September 2025 |
n.a. |
|
Nebius + Citi Nebius secured a $3.5 billion senior secured loan from Citi to fund data center buildout and GPU purchases. The loan has a 364-day term and an initial interest rate of Term SOFR plus 2.75%, potentially rising to 3.50%. It is Nebius’s second major capital raise in about two months. |
debt facility | $3.5B | October 22, 2026 (per Cryptopolitan) |
n.a. |
|
Nebius Group + Meta Initial Meta compute agreement, signed as Nebius described current available capacity as sold out. |
other | $3.0B | n.a. (reported alongside sold-out capacity commentary) |
n.a. |
|
Nvidia + Nebius + Nebius Group Nvidia committed $2 billion of equity to Nebius on March 11, 2026, under a partnership to scale more than 5GW by 2030, having also participated in Nebius's December 2024 round. |
equity raise | $2.0B | March 11, 2026; plus Dec 2024 round participation |
n.a. |
|
Industrial Development Funding + Oaktree + Bloom Energy + Nebius Group Industrial Development Funding and Oaktree agreed to invest $1.7 billion to deploy Bloom Energy fuel cells supplying dedicated behind-the-meter power to Nebius AI cloud infrastructure. The specific Nebius sites were not named in the fetched coverage. Nebius later adopted Bloom fuel cells in the approved plan for its Vineland, New Jersey campus |
project equity investment in behind-the-meter power | $1.7B | Announced 16 July 2026 |
n.a. |
|
AIB Data Centers Inc. (AIB CLT1 LLC) + Nebius AIB Data Centers signed a binding agreement with Nebius for 50 MW of critical IT capacity at its facility in the southeastern United States, delivered in two data halls and supported by AIB's 15-year Electric Service Agreement for 65 MW of utility load at the site. AIB's Form 10-Q identifies the 65,000 kVA agreement with its CLT-01 Campus in Spartanburg County, South Carolina, a former 40 MW bitcoin hosting facility being repurposed to about 65 MW. The release does not name the town. AIB's investor presentation says Nebius's guaranty backs the contract, rent commences hall by hall (two 25 MW halls targeted at about months 10 and 14), and the 12-year term runs from the first hall. |
lease | ≥$1.3B | Announced 30 September 2026 (AIB release via GlobeNewswire); contract value from AIB investor presentation furnished on Form 8-K 30 September 2026; ESA service scheduled to begin 1 October 2026 |
AIB Data Centers CLT-01 Campus (SC) |
|
Nebius Group + Reflection AI startup Reflection signed a deal worth more than $1 billion to secure computing capacity from Nebius, including access to Nvidia's latest chips. The agreement builds on Reflection's June 2026 compute agreement with SpaceX. Contract term and data center locations were not disclosed |
compute capacity agreement | ≥$1.0B | Announced 14 July 2026 |
n.a. |
|
Nvidia + CoreWeave + Nebius + Nscale + Lambda + Crusoe Nvidia backstops $860M of partner data center lease obligations, with $470M escrowed, across CoreWeave, Nebius, Nscale, Lambda and Crusoe. |
guarantee | $860M | Date n.a. in this part |
n.a. |
|
Nebius Group + MUFG + ABN AMRO + Bank of America + Deutsche Bank + HSBC Nebius raised its first secured debt, backed by deployed GPU infrastructure and contracted cash flows from an agreement with an investment-grade customer. MUFG was structuring agent and sole bookrunner; Citi, Credit Agricole CIB, ING and Morgan Stanley were senior lead arrangers, with Goldman Sachs also participating |
debt facility | $775M | Announced 17 July 2026 |
n.a. |
|
Nebius Group + Nvidia + Accel Strategic equity financing to accelerate roll-out of full-stack AI infrastructure. |
equity raise | $700M | December 2, 2024 |
n.a. |
The record
Sourced facts on Nebius Group
- Q1 2026 group revenue reached $399.0 million (from $50.9 million a year earlier), with AI-cloud revenue of $389.7 million and group adjusted EBITDA of $129.5 million.
- Nebius plans to deploy more than 100,000 GB300 units for the Microsoft agreement, and described available capacity as sold out while targeting 2.5GW contracted and 800MW-1GW connected by end-2026.
Against the market
How Nebius Group prices compare
Nebius Group's lowest price for each GPU beside the lowest price every other tracked provider lists for the same GPU, sold the same way. Typical is the middle provider, one price each.
NVIDIA H100On demand
All NVIDIA H100 prices →Nebius Group$4.50per GPU-hour, on-demand
Rank14 of 2113% above typical
Typical$3.99middle of 21 providers
Lowest anywhere$1.99Voltage Park
Voltage Park1. H100 (single GPU, no contract)
$1.99
GMI Cloud2. NVIDIA H100
$2.00
Vultr3. NVIDIA HGX H100 — Cloud GPU
$2.30
Denvr Dataworks4. NVIDIA H100 SXM (8 GPUs, 208 vCPU)
$2.45
Cirrascale5. 8X NVIDIA H100 (16-Node+ Clustered)
$2.49
Massed Compute6. H100 (80 GB) ×1/×2/×4
$2.73
Runpod7. H100 PCIe / H100 NVL — Pods
$2.89
Hyperbolic8. H100 SXM
$3.19
Lambda9. NVIDIA H100 PCIe
$3.29
Crusoe Cloud10. NVIDIA H100
$3.90
Nebius14. NVIDIA HGX H100
$4.50
NVIDIA H100Spot
All NVIDIA H100 prices →Nebius Group$2.15per GPU-hour, spot
Rank2 of 57% below typical
Typical$2.30middle of 5 providers
Lowest anywhere$2.04Microsoft Azure
Microsoft Azure1. Standard_ND96is_H100_v5 (no InfiniBand variants incl. _noIB_, _flex_)
$2.04
Nebius2. NVIDIA HGX H100
$2.15
Verda3. 1x H100 SXM5 80GB
$2.30
CoreWeave4. NVIDIA HGX H100
$2.46
Google Cloud5. a3-megagpu-8g (A3 Mega)
$5.99
Nebius GroupTypical $2.30
NVIDIA H200On demand
All NVIDIA H200 prices →Nebius Group$5.40per GPU-hour, on-demand
Rank8 of 165% below typical
Typical$5.70middle of 16 providers
Lowest anywhere$2.60GMI Cloud
GMI Cloud1. NVIDIA H200
$2.60
Massed Compute2. H200 NVL (141 GB) ×8
$3.62
Hyperbolic3. H200
$3.99
Crusoe Cloud4. NVIDIA H200
$4.29
Runpod5. Clusters — H200 SXM
$4.31
DigitalOcean6. NVIDIA HGX H200 (141 GB)
$4.47
Cirrascale7. 8X H200
$4.54
Nebius8. NVIDIA HGX H200
$5.40
Together AI9. H200 (140 GB), 256–1,000 GPUs
$5.99
Verda10. 1x H200 SXM5 141GB
$6.01
NVIDIA H200Spot
All NVIDIA H200 prices →Nebius Group$2.45per GPU-hour, spot
Rank1 of 413% below typical
Typical$2.81middle of 4 providers
Lowest anywhere$2.45Nebius
Nebius1. NVIDIA HGX H200
$2.45
CoreWeave2. NVIDIA HGX H200
$2.62
Verda3. 1x H200 SXM5 141GB
$3.00
Google Cloud4. a3-ultragpu-8g (A3 Ultra)
$6.35
Nebius GroupTypical $2.81
NVIDIA B200On demand
All NVIDIA B200 prices →Nebius Group$8.50per GPU-hour, on-demand
Rank10 of 165% above typical
Typical$8.12middle of 16 providers
Lowest anywhere$3.50Vultr
Vultr1. NVIDIA HGX B200 — Cloud GPU
$3.50
GMI Cloud2. NVIDIA B200
$4.00
Massed Compute3. B200 SXM6 ×8
$5.43
Hyperbolic4. B200
$5.99
Cirrascale5. 8X B200
$5.99
Lambda6. NVIDIA B200 SXM6
$6.69
Runpod7. B200 (180 GB, 28 vCPU) — Pods
$7.99
Google Cloud8. a4-highgpu-8g (A4)
$8.06
Together AI9. HGX B200 (180 GB)
$8.19
Nebius10. NVIDIA HGX B200
$8.50
NVIDIA B200Spot
All NVIDIA B200 prices →Nebius Group$3.95per GPU-hour, spot
Rank1 of 47% below typical
Typical$4.26middle of 4 providers
Lowest anywhere$3.95Nebius
Nebius1. NVIDIA HGX B200
$3.95
Verda2. 1x B200 SXM6 180GB
$4.26
CoreWeave3. NVIDIA HGX B200
$4.26
Google Cloud4. a4-highgpu-8g (A4)
$4.95
Nebius GroupTypical $4.26
NVIDIA B300On demand
All NVIDIA B300 prices →Nebius Group$7.85per GPU-hour, on-demand
Rank3 of 1017% below typical
Typical$9.49middle of 10 providers
Lowest anywhere$6.60Massed Compute
Massed Compute1. B300 SXM6 ×8 (280 vCPU, 2800 GB)
$6.60
TheAI Cloud2. B300 (8× B300 SXM6 · 288GB … whole node)
$6.90
Nebius3. NVIDIA HGX B300
$7.85
Crusoe Cloud4. B300
$8.96
Runpod5. B300 (288 GB HBM3e, 32 vCPU) — Pods
$8.99
Together AI6. HGX B300 (270 GB)
$9.99
Verda7. 1x B300 SXM6 268GB
$10.91
AWS8. p6-b300.48xlarge
$14.04
Fireworks AI9. B300 288 GB
$15.00
Oracle OCI10. BM.GPU.B300.8
$15.00
Nebius GroupTypical $9.49
NVIDIA B300Spot
All NVIDIA B300 prices →Nebius Group$4.30per GPU-hour, spot
Rank1 of 34% below typical
Typical$4.48middle of 3 providers
Lowest anywhere$4.30Nebius
Nebius1. NVIDIA HGX B300
$4.30
CoreWeave2. NVIDIA HGX B300
$4.48
Verda3. 1x B300 SXM6 268GB
$5.46
Nebius GroupTypical $4.48
Tracked prices
Nebius Group prices
Every price the Index tracks for Nebius Group, in the provider's own words beside a normalized figure, with the date it was last checked. What AI Costs compares them across the market.
| GPU | Offer | Terms | Published price | Per GPU-hour | Change | Checked | Source |
|---|---|---|---|---|---|---|---|
| NVIDIA H100 | NVIDIA HGX H100 | on-demandList | $4.50 per GPU-hour, on-demand | $4.50 | +16.9% | On pageOct 27, 2026 | nebius.com ↗ |
| NVIDIA H100 | NVIDIA HGX H100 | spotSpot | $2.15 per GPU-hour, preemptible | $2.15 | No change | Not foundOct 27, 2026 | nebius.com ↗ |
| NVIDIA H200 | NVIDIA HGX H200 | on-demandList | $5.40 per GPU-hour, on-demand | $5.40 | +20% | On pageOct 27, 2026 | nebius.com ↗ |
| NVIDIA H200 | NVIDIA HGX H200 | spotSpot | $2.45 per GPU-hour, preemptible | $2.45 | No change | Not foundOct 27, 2026 | nebius.com ↗ |
| NVIDIA B200 | NVIDIA HGX B200 | on-demandList | $8.50 per GPU-hour, on-demand | $8.50 | +18.9% | On pageOct 27, 2026 | nebius.com ↗ |
| NVIDIA B200 | NVIDIA HGX B200 | spotSpot | $3.95 per GPU-hour, preemptible | $3.95 | No change | Not foundOct 27, 2026 | nebius.com ↗ |
| NVIDIA GB200 NVL72 | NVIDIA GB200 NVL72 | not publishedNot published | On-demand, GPU-hour" header, no value | Not published | No change | On pageOct 27, 2026 | nebius.com ↗ |
| NVIDIA B300 | NVIDIA HGX B300 | on-demandList | $7.85 per GPU-hour, on-demand | $7.85 | No change | RecheckingOct 27, 2026 | nebius.com ↗ |
| NVIDIA B300 | NVIDIA HGX B300 | spotSpot | $4.30 per GPU-hour, preemptible | $4.30 | No change | Not foundOct 27, 2026 | nebius.com ↗ |
| NVIDIA GB300 NVL72 | NVIDIA GB300 NVL72 | not publishedNot published | same | Not published | No change | On pageOct 27, 2026 | nebius.com ↗ |
| Seller | Model | Input | Cached input | Output | Revenue per GPU-hour at list | Other published prices | Change | Checked |
|---|---|---|---|---|---|---|---|---|
| Nebius Token Factory | DeepSeek V4-Pro-0813 | $1.32 | n.a. | $3.96 | n.a. | None published | No change | ResearchOct 27, 2026tokenfactory.nebius.com ↗ |
| Nebius Token Factory | gpt-oss-120b | $0.15 | n.a. | $0.60 | n.a. | None published | No change | ResearchOct 27, 2026tokenfactory.nebius.com ↗ |
| Nebius Token Factory | Llama-3.3-70B | $0.13 | n.a. | $0.40 | n.a. | None published | No change | ResearchOct 27, 2026tokenfactory.nebius.com ↗ |
Revenue per GPU-hour is SAVRN's calculation, not a price any seller charges: the 6.83 million input and 0.85 million output tokens one Vera Rubin GPU handles in an hour in CoreWeave's measured test, billed at this model's list prices. It puts a token price beside a GPU rental price; it says nothing about how fast this model actually runs.
Sources
Sources for Nebius Group
Every source cited on this page, once each.
- nebius.comNebius
- yahoo.comRepublican Herald via Yahoo News
- nebius.comNebius
- reuters.comReuters
- yahoo.comNJ.com via Yahoo News
- nbcphiladelphia.comNBC10 Philadelphia
- finance.yahoo.comYahoo Finance
- 247wallst.com24/7 Wall St.
- techtimes.comTech Times
- nebius.comNebius
- assets.nebius.comQ1 2026 shareholder letter
- datacenterdynamics.comDCD
- nebius.comNebius
- sec.govSEC EDGAR (Nebius 6-K)
- nebius.comNebius
- datacenterdynamics.comDCD
- sec.govsec.gov
- cryptopolitan.comCryptopolitan, 22 October 2026
- nebius.comNebius
- finance.yahoo.comReuters via Yahoo Finance
- finance.yahoo.comAIB Data Centers release (GlobeNewswire via Yahoo Finance)
- sec.govAIB Data Centers Form 10-Q for quarter ended 30 June 2026 (SEC)
- sec.govAIB Data Centers Form 8-K Exhibit 99.1, investor presentation Q3 2026 (SEC)
- thestar.com.myThe Star (Reuters)
- datacenterdynamics.comDCD
- nebius.comNebius
- nebius.comNebius
- nebius.comnebius.com
- tokenfactory.nebius.comtokenfactory.nebius.com
NeoCloud
More in the Index
Applied DigitalBitdeer Technologies GroupCerebras SystemsCipher Digital Inc.Core ScientificCoreWeaveCorvex, Inc.Crusoe EnergyFluidstackGalaxy Digital Inc.GroqHut 8 Corp.IRENLambda (Lambda Labs)NscalePoolsideSambaNova SystemsSesterceTeraWulfTogether AIVoltage ParkVultr
Capital figures come from the Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so each figure appears as its source states it and none are added into a single deployment number. Informational, not investment advice.
Sources
The SAVRN reference set
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.
Capital Atlas
Who is funding AI data centers: capital providers, named sites, financing transactions, and the blocked-and-delayed record, state by state and company by company.
Open the atlas →
Delay Watchlist
Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue.
Open the watchlist →
Moratorium Tracker
The policy layer: every state measure and local moratorium mapped and cited, with one page per state.
Open the tracker →
Water Tracker
Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger.
Open the water tracker →
Grid Operator Watchlist
ERCOT, PJM, MISO, CAISO, SPP, NYISO, ISO-NE and FERC: the large-load rules, filings and queue positions that decide whether a site can energize.
Open the watchlist →
Permits and Power Development
Data center and substation permits, large loads in the interconnection queues, and the power plants planned to serve them, refreshed hourly from public records.
Open the permits tracker →
SAVRN Scarcity Tracker
Eleven primary-sourced indicators of AI infrastructure scarcity, one composite index, read against the token index, SAVRN's own cost basis and the frontier ceiling.
Open the scarcity tracker →
Have a specific address? Site Intelligence reads all seven references against one location, county, utility and grid operator included, and cites every finding.
Check an address →