Amsterdam-based Nebius Group, an AI infrastructure company, today announced a new agreement for five years (till 2031) to deliver AI infrastructure to Microsoft, valued at around $19.4B (approximately €16.5B).

Contentlockr

As a part of this multi-year agreement, Nebius will supply dedicated GPU infrastructure capacity to Microsoft from its new data centre located in Vineland, New Jersey, starting later this year.

Shares climbed 51%

Post announcement, Nebius’ stock was up 51 per cent to $95.7. The Dutch company is set to add around $7.7B to its $15.3B market capitalisation, if gains hold, reports Reuters.

“We continue to believe that Nebius is well set up to bring on other high-profile customers, including other hyperscalers or frontier AI labs, as the company continues to build out their data centre capacity with upcoming greenfield opportunities,” says Alexander Platt, analyst at DA Davidson, to Reuters.

Nebius plans to finance the capital expenditures related to the contract using a combination of cash flow generated from the deal and debt issuance secured against the contract.

The Company is also evaluating several additional financing options to enable significantly faster growth than originally planned and will update the market on its financing strategy in due course.

Arkady Volozh, founder and CEO of Nebius, says, “Nebius’s core AI cloud business, serving customers from AI startups to enterprises, is performing exceptionally well. We have also said that, in addition to our core business, we expect to secure significant long-term committed contracts with leading AI labs and big tech companies.”

Similar to Nebius, Microsoft has already entered into a multibillion-dollar agreement with CoreWeave, a company that also maintains a significant contract with OpenAI for AI computing resources.

Nebius: Providing AI infrastructure

Nebius, founded by Arkady Volozh, provides essential infrastructure for the growing global AI industry.

Their AI cloud platform is built to handle demanding AI tasks.

With a complete set of custom software and hardware, Nebius offers AI developers the computing power, storage, managed services, and tools they need to create and run their models and applications.

Nebius also has several brands under its umbrella:

  • Avride: Specialises in autonomous driving technology for self-driving cars and delivery robots.
  • TripleTen: Focuses on re-skilling people for tech careers in the US and other markets.

“I’m happy to announce the first of these contracts, and I believe there are more to come. The economics of the deal are attractive in their own right, but, significantly, the deal will also help us to accelerate the growth of our AI cloud business even further in 2026 and beyond,” adds Volozh.