Rent-a-GPU outfit Nebius promises rapid 1 GW powerup plan isn't nebulous
And it'll jump through every financial hoop it can to get there
Datacenter giant Nebius is set to rapidly increase its capacity by a gigawatt per year starting in 2027, according to CEO Arkady Volozh's optimistic claims. However, this ambitious plan will require a significant investment, estimated at $20 billion to $25 billion in capital expenditures for 2026 alone. The company will secure funds through customer prepayments and debt financing, using GPUs and contracted cash flows as collateral.
Nebius is also exploring an asset-light model, where partners finance and operate facilities while Nebius provides the platform and demand. While the company predicts strong revenue growth, with $20 million to $50 million per megawatt depending on lease terms, it is still early to determine whether this ambitious expansion will be profitable.
Despite a strong Q2 performance, with an operating loss of $176 million, Nebius's share price rose over 30 percent following the earnings report.
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