Nebius Group signs $27B AI capacity deal with Meta Platforms
The five-year agreement dwarfs a prior $3 billion contract between the two companies and positions Nebius as a major force in AI infrastructure beyond the hyperscaler giants.
Nebius Group just locked in one of the largest AI infrastructure contracts on record. The Netherlands-based company signed a five-year deal with Meta Platforms worth up to approximately $27 billion, a figure that would make it one of the most significant commitments a non-hyperscaler has ever secured from a Big Tech partner.
The deal includes $12 billion in dedicated GPU capacity and up to $15 billion in additional AI capacity purchases, contingent on that capacity remaining unsold to other customers.
Inside the deal structure
The $12 billion dedicated portion of the contract will deploy Nvidia’s Vera Rubin platform, the next-generation GPU architecture that’s becoming the backbone of frontier AI training workloads. Deployments are expected to begin in early 2027 across Nebius data center locations in Finland, the UK, and the US.
The remaining $15 billion functions as a backstop mechanism. If Nebius can’t sell certain capacity to third-party customers, Meta steps in to absorb it. For Nebius, this essentially creates a revenue floor. For Meta, it guarantees access to compute resources without the capital expenditure headache of building every rack itself.
To put the scale in perspective, Nebius signed a $3 billion contract with Meta just four months prior, in November 2025. Going from $3 billion to $27 billion is a ninefold increase in commitment.
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Nebius shareholders noticed. The stock surged roughly 14-15% in pre-market and intraday trading following the announcement on March 16, 2026.
A pattern of mega-deals
The Meta contract isn’t Nebius’s only headline-grabbing agreement. Back in September 2025, the company secured a deal with Microsoft valued between $17.4 billion and $19.4 billion.
The company has set ambitious operational targets to match. Nebius is aiming for an annual run-rate revenue of $7 billion to $9 billion by the end of 2026. On the infrastructure side, it’s targeting 800 megawatts to 1 gigawatt of connected power capacity by the same deadline.
Nebius originally spun out of Yandex, the Russian tech conglomerate, after restructuring in 2024. The company redomiciled to the Netherlands and relisted on NASDAQ, positioning itself as a pure-play AI infrastructure provider. Nebius has also received a strategic $2 billion investment from Nvidia, which further strengthens its capacity to deploy next-generation AI infrastructure.