Compute · the Ledger · Capacity contract
Meta signs a five-year Nebius agreement: $12B of dedicated Vera Rubin capacity plus up to $15B of unsold-capacity purchases
Signed · announced 16 Mar 2026 · the week to 20 Mar 2026
- Size
- $12B
- Term
- 5 years
$12B firm dedicated-capacity orders; total contract value up to ~$27B including an order obliging Meta to buy up to $15B of capacity Nebius does not sell to third parties.
The parties
- Metacompany pageBuyer
- Nebiuscompany pageProvider
The source
Nebius 6-K, 2026-03-16Regulatory filing
Dedicated GPU clusters across multiple locations, deployed in tranches from early 2027. The $15B order is a backstop: Meta buys unsold capacity on certain clusters for five years from deployment. Accelerator as stated: NVIDIA Vera Rubin.
The same parties, other deals
- Nebius signs a $3.5B senior secured 364-day bridge facility with Citibank to finance GPU infrastructure buildout$3.5B · 22 Oct 2026
- Nebius acquires Inferize, an inference start-up, for its Token Factory platform; terms not disclosedundisclosed · 1 Oct 2026
- Nebius raises ~$775M senior secured debt backed by deployed GPUs and an investment-grade customer contract$775M · 17 Jul 2026
- Meta signs a new CoreWeave order form; Meta's initial commitment is ~$21B through December 20, 2032$21B · 9 Apr 2026
- Nvidia invests ~$2B in Nebius via a pre-funded warrant for 21,065,936 shares; Nebius targets >5 GW of Nvidia systems by 2030$2B · 11 Mar 2026
- Meta commits to buy the first 1 GW of AMD Instinct GPUs (up to 6 GW); AMD issues Meta a warrant for up to 160M sharesundisclosed · 24 Feb 2026