Compute · the Ledger · Capacity contract
Microsoft contracts Nebius for dedicated GPU capacity at Vineland, New Jersey: ~$17.4B through 2031, up to ~$19.4B
Signed · announced 8 Sept 2025 · the week to 12 Sept 2025
- Size
- $17.4B
- Term
- 5 years
~$17.4B total contract value through 2031; up to ~$19.4B if Microsoft acquires additional services/capacity.
The parties
- Microsoftcompany pageBuyer
- Nebiuscompany pageProvider
The source
Nebius 6-K, 2025-09-08Regulatory filing
Five-year term, GPU services deployed in tranches during 2025 and 2026. Microsoft may terminate a tranche if delivery dates are missed after a grace period and no alternative capacity is provided. Obligations commence once Nebius confirms it has secured the financing for the capex.
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
- ChronoScale and Microsoft sign a three-year partnership for about 50 MW of planned AI compute capacityundisclosed · 19 Aug 2026
- Nebius raises ~$775M senior secured debt backed by deployed GPUs and an investment-grade customer contract$775M · 17 Jul 2026
- Meta signs a five-year Nebius agreement: $12B of dedicated Vera Rubin capacity plus up to $15B of unsold-capacity purchases$12B · 16 Mar 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