Nebius Group
NBISpublicBackers
No backer on file. That means no tracked fund's portfolio or Form D names this company — not that it is unbacked.
Thesis
Yandex-spinoff GPU cloud; EU-based, vertically integrated.
Risk: Hyperscaler concentration is the core risk: a handful of buyers set pricing, and any capex pause hits backlog-driven valuations hard.
Contracts as provider
9 disclosures · 1.20 GW · $83.47B| Filed | Customer | Kind | Site | MW | GPUs | Term | Total | Status | Source |
|---|---|---|---|---|---|---|---|---|---|
| Jul 17, 2026 | investment-grade customer (unnamed) backstop: Nebius Group N.V. | Financing | not stated | — | — | 51 mo | $775.00M | Amendedverified | 6-K/A |
excerptThe Facility Agreement provides for a senior secured term loan facility in an aggregate principal amount of approximately $775 million. ... The vehicle is backed by deployed GPU infrastructure and contracted cash flows from an agreement with an investment-grade customer. The facility matures October 31, 2030, and is priced at SOFR + 2.50%.Report an issue with this row | |||||||||
| May 13, 2026 | Nebius Group N.V. | Power supply | Pennsylvania | 1.20 GW | — | — | — | Expandedverified | 6-K |
excerptwe are announcing a new site in Pennsylvania where we have secured power for a deployment of up to 1.2 GW.Report an issue with this row | |||||||||
| May 13, 2026 | Meta | GPU cloud capacity | — | — | — | 5 yr | $27.00B | Expandedverified | 6-K |
excerptWe landed a second large agreement with Meta for up to $27 billion, giving us substantial new capital to accelerate the growth of our AI cloud business and pursue potential additional financing at attractive rates. The deal comprises two parts: A $12 billion, five-year purchase of compute capacity that is scheduled to begin in early 2027; An additional $15 billion contract that allows Nebius to sell capacity to Meta on pre-agreed terms, or to our AI cloud customers at market rates.Report an issue with this row | |||||||||
| Mar 16, 2026 | Meta Platforms, Inc. | GPU cloud capacity | — | — | — | 5 yr | $15.00B | Amendedverified | 6-K |
excerptA further Order establishes an arrangement that provides Meta with access to any unsold capacity in respect of certain GPU clusters as specified in the Agreement. It is the Company's current intention to sell such capacity in its AI cloud to third-party customers. Under the terms of this Order, in instances where the relevant capacity is not sold by Nebius to other customers, Meta is obligated to purchase such unsold capacity for the remainder of the period ending 5 years from the date on which such unsold capacity was initially deployed. This Order has a potential total contract value of up to $15 billion.Report an issue with this row | |||||||||
| Feb 12, 2026 | Microsoft | GPU cloud capacity | — | — | — | — | — | Amendedverified | 6-K |
excerptNebius has amended its agreement with Microsoft to add 1.2 GW of additional capacity in the United States. ... Under the amended agreement, Microsoft will prepay an aggregate of $2.2 billion for the additional capacity.Report an issue with this row | |||||||||
| Nov 13, 2025 | Microsoft | GPU cloud capacity | Vineland, New Jersey | — | — | 5 yr | $17.40B | Amendedverified | 6-K |
excerpt · extension termsOn September 8, 2025, Nebius, Inc., a wholly owned subsidiary of the Company, entered into a commercial agreement (the "Agreement") with Microsoft, pursuant to which Nebius Inc. will provide Microsoft access to dedicated GPU infrastructure capacity in clusters (each, a "GPU Service") at its new data center in Vineland, New Jersey over a five-year term. ... Microsoft has committed to pay the Company fees under the Agreement estimated to be up to $17.4 billion through 2031. Extension: Microsoft may acquire additional services and/or capacity under the Agreement. Report an issue with this row | |||||||||
| Nov 13, 2025 | Meta Platforms, Inc. | GPU cloud capacity | — | — | — | 5 yr | $2.90B | Amendedverified | 6-K |
excerpt · extension termsIn November 2025, Nebius, Inc., a wholly owned subsidiary of Nebius Group N.V., entered into a commercial agreement (the "Agreement") with Meta Platforms, Inc. ("Meta"), pursuant to which, under the first order form under that Agreement (the "Order"), the Company will provide Meta access to two dedicated GPU infrastructure capacity clusters (each, a "GPU Service") over a five-year term. ... The Order has a total contract value of approximately $2.9 billion. Extension: Meta may extend the term of the GPU Services and/or acquire additional services and/or capacity under the Agreement. Report an issue with this row | |||||||||
| Nov 12, 2025 | Meta | GPU cloud capacity | — | — | — | 5 yr | $3.00B | Amendedverified | 6-K |
excerptNebius today also announced a new agreement to deliver AI infrastructure to Meta valued at approximately $3 billion over 5 years.Report an issue with this row | |||||||||
| Sep 8, 2025 | Microsoft | GPU cloud capacity | Vineland, New Jersey | — | — | 5 yr | $17.40B | Amendedverified | 6-K |
excerptOn September 8, 2025, Nebius, Inc. (the "Company"), a wholly owned subsidiary of Nebius Group N.V. ("Nebius Group"), entered into a commercial agreement (the "Agreement") with Microsoft, pursuant to which the Company will provide Microsoft access to dedicated GPU infrastructure capacity in tranches (each, a "GPU Service") at its new data center in Vineland, New Jersey (the "Data Center") over a five-year term. ... Subject to the satisfaction of the deployment and availability of the GPU Services, the total contract value is about $17.4 billion through 2031. Microsoft may also acquire additional services and/or capacity under the Agreement, which would increase the total contract value to about $19.4 billion.Report an issue with this row | |||||||||
Concentration over time
7 filing datesContracts as customer
3 disclosures · 5 MW · $775.00M| Filed | Provider | Kind | Site | MW | GPUs | Term | Total | Status | Source |
|---|---|---|---|---|---|---|---|---|---|
| Jul 17, 2026 | the Lenders backstop: Nebius Group N.V. | Financing | — | — | — | — | $775.00M | Amendedverified | 6-K |
excerptThe Facility Agreement provides for a senior secured term loan facility in an aggregate principal amount of approximately $775 million. ... The maturity date of the Facility Agreement is October 31, 2030.Report an issue with this row | |||||||||
| Nov 19, 2024 | unnamed colocation provider | Colocation lease | Kansas City, MO | 5 MW | — | — | — | Expandedverified | 6-K |
excerptScheduled to go live in Q1 2025, the Kansas City cluster will house thousands of state-of-the-art NVIDIA GPUs, primarily H200 Tensor Core GPUs in the initial phase, with the energy-efficient NVIDIA Blackwell platform expected to arrive in 2025. The colocation can be expanded from an initial 5 MW up to 40 MW, or about 35 thousand GPUs, at full potential capacity.Report an issue with this row | |||||||||
| Oct 18, 2024 | colocation data center provider | Colocation lease | Paris, France | — | — | — | — | Amendedverified | 6-K |
excerptEnergy-efficient own data center in Finland , colocation data center in Paris 3 and further expansion plans ... (3) Agreement signed in July 2024, new capacity in Paris, France to be put into operation by the end of November 2024.Report an issue with this row | |||||||||
Signals
16 most recentMay 25, 2026FilingNBIS vs. SMCI: Which AI Infrastructure Stock is the Better Pick? - Yahoo Financenews
May 24, 2026FilingNebius Group N.V. Stock (NBIS) Opinions on Neocloud ETF and AI Infrastructure Hype - Quiver Quantitativenews
May 24, 2026FilingDoes Nebius’ Q1 Profit Swing And 10-Year Bloom Energy Deal Change The Bull Case For NBIS? - Yahoo Financenews
May 22, 2026FilingNebius: A Superior Growth Story In Four Dimensions (NASDAQ:NBIS) - Seeking Alphanews
May 22, 2026FilingPrediction: Nebius Group Stock Will Skyrocket to $600 in 3 Years - The Motley Foolnews
May 21, 2026FilingNebius Group (NASDAQ: NBIS) Stock Surges 14% on Explosive Revenue Growth and Bloom Energy Power Deal - foreignpolicyjournal.comnews
May 21, 2026FilingMassive News for Nebius Stock Investors! Buy or Sell This AI Stock? - The Motley Foolnews
May 21, 2026FilingWhy CoreWeave (CRWV), Nebius (NBIS), and Iren Stocks Are Rising Today, 5/21/26 - TipRanksnews
May 21, 2026FilingNebius Stock Is Soaring. A Partnership With Bloom Energy Solves This AI Dilemma. - Barron'snews