Nebius Secures 50 MW AI Data Center Capacity in Southeast US
NBIS has more than doubled off its 52-week low of $73.52.
Summary
Nebius has signed a binding 12-year agreement with AIB Data Centers for 50 MW of critical IT capacity at a southeastern US facility. The deal includes customer prepayments that will help fund development, reducing AIB's need for equity dilution. AIB expects customer prepayments under the initial 12-year term, along with project-level debt and preferred equity, to cover a substantial portion of the project’s upfront development costs. The capacity is backed by AIB’s previously announced 15-year agreement for 65 MW of utility power at the site, which requires no significant additional electrical infrastructure upgrades. AIB plans to deliver the capacity across two data halls. This adds dedicated US capacity for Nebius's training and inference workloads, supporting its AI cloud expansion. The agreement follows Nebius's recent $5.75B convertible notes raise and Palantir partnership, reinforcing its infrastructure buildout. AIB shares fell 12.28% to $1.50 after the agreement. Watch for further capacity announcements as Nebius scales to meet AI demand.
Updated with a Benzinga report · What changed
Updates
· Benzinga — AIB shares fell 12.28% to $1.50 after the agreement.
- Financing — AIB expects customer prepayments under the initial 12-year term, along with project-level debt and preferred equity, to cover a substantial portion of the project’s upfront development costs.
- Power Supply — The capacity is backed by AIB’s previously announced 15-year agreement for 65 MW of utility power at the site, which requires no significant additional electrical infrastructure upgrades.
- Delivery Plan — AIB plans to deliver the capacity across two data halls.
All 4 details
- AIB expects customer prepayments under the initial 12-year term, along with project-level debt and preferred equity, to cover a substantial portion of the project’s upfront development costs.
- The capacity is backed by AIB’s previously announced 15-year agreement for 65 MW of utility power at the site.
- The utility power agreement requires no significant additional electrical infrastructure upgrades.
- AIB plans to deliver the capacity across two data halls.
At the time of this announcement, NBIS was trading at $240.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $64.5B. The 52-week trading range was $73.52 to $299.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.