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SAVRN Research · Capital Atlas · NeoCloud and GPU cloud

Nebius Group Data Center Capex and Sites

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.

Updated October 8, 2026 4 named sites 13 financing transactions 2 sourced facts 25 sources
Nebius Group
NBIS
NeoCloud and GPU cloud
Financing regimepublic equity plus large convertible note programs and strategic Nvidia equity
Named sites
4
Site-level commitments the atlas ties to Nebius Group
Disclosed site capital
n.a.
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
1,500 MW
Sum of named sites with a stated megawatt figure
Financing transactions
13
Transactions naming Nebius Group 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
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

Missouri
2 sites
Open the Missouri investment tracker →
New Jersey
1 site
Open the New Jersey investment tracker →
Pennsylvania
1 site
Open the Pennsylvania investment tracker →
SiteStatePlaceCapitalMWStatusSources
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; overlapping commitments are never summed.

PartiesInstrumentAmountDateSiteSources
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 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.
Sources

Sources for Nebius Group

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

NeoCloud and GPU cloud: one page each

Applied Digital 5Bitdeer Technologies Group 2Cerebras Systems 6Cipher Digital Inc. 0Core Scientific 2CoreWeave 4Corvex, Inc. 0Crusoe Energy 5Fluidstack 2Galaxy Digital Inc. 1Groq 1Hut 8 Corp. 1IREN 1Lambda (Lambda Labs) 2Nebius Group 4Nscale 2Poolside 1SambaNova Systems 0Sesterce 3TeraWulf 1Together AI 0Voltage Park 6Vultr 1WhiteFiber, Inc. 2

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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