- Nebius will provide Microsoft AI infrastructure between now and 2031
- New Jersey Data Center will be the first project under the association
- The agreement is worth $ 17.4 billion, it could reach $ 19.4 billion
The former Yandex Nebius spin-off, now based in Amsterdam, has signed a several years with Microsoft to deliver AI infrastructure to the technological giant.
The contract, valued at $ 17.4 billion until 2031, will begin at the end of this year with the construction of a new data center in Vineland, New Jersey.
The announcement was complemented with a 6 k presentation, revealing that the agreement could reach $ 19.4 billion if Microsoft decides to acquire additional services and/or capacity.
Microsoft attacks a billionaire agreement with Nebius
The founder and CEO of Nebius, Arkady Volozh, said the Microsoft agreement marks only the first of a series of “significant long -term contracts with the main Labs of AI and large technological companies.”
Volozh also pointed out that Nebio hopes that the agreement will help “accelerate the growth of [its] Ai Cloud Business even more in 2026 and beyond “, commenting that the company” is [already] acting exceptionally well. “
The support was the 50% increase in the shares two days after the announcement, after an increase in extended negotiation of 60% on the day of the ad. Nebius shares are currently valued at $ 95.72, compared to $ 64.19 before the ad.
Nebius registered an increase of 625% year after year and 106% quarterly in revenues at $ 105.1 million in Q2, attributing growth to high demand for infrastructure of AI such as calculation, software and services.
This is greater than $ 55.3 million in revenues of the first quarter.
Its Microsoft agreement will be financed partly by the cash flow of the agreement, and partly by short -term loans that have seen “improved” terms thanks to Microsoft’s solid backing.
Microsoft has not publicly commented on the agreement.
In addition to Microsoft, Nebius has already received investments from other technological leaders, including Nvidia and Accel.
Looking towards the future, the financial director of Nvidia, Colette Kress, hopes that the infrastructure of AI will reach $ 3-4 billion by 2030.
Techradar Pro He has communicated with Microsoft for his perspective on the agreement. Any update will be published here.
