Nebius Group signed a five-year deal with Meta Platforms worth up to approximately $27 billion, combining $12 billion in dedicated GPU capacity with a $15 billion backstop mechanism. The agreement is a ninefold jump from the $3 billion contract the two companies signed four months earlier, and it sent Nebius shares sharply higher.
Nebius Group has locked in a five-year deal with Meta Platforms worth up to approximately $27 billion, one of the largest AI infrastructure contracts a non-hyperscaler has ever secured from a Big Tech partner. The agreement splits into $12 billion in dedicated GPU capacity and up to $15 billion in additional AI capacity purchases, with the second tranche contingent on that capacity remaining unsold to other customers.
Inside the deal structure
The $12 billion dedicated portion will deploy Nvidia's Vera Rubin platform, with deployments expected to begin in early 2027 across Nebius data centers in Finland, the UK, and the US. The remaining $15 billion works as a backstop: if Nebius cannot sell certain capacity to third-party customers, Meta steps in to absorb it, which creates a revenue floor for Nebius while giving Meta access to compute resources without building every rack itself.
By comparison, the scale of the increase becomes clear next to Nebius's prior agreement. The company signed a $3 billion contract with Meta just four months earlier, in November 2025, making the new deal a ninefold increase in commitment. Investors reacted immediately: Nebius stock surged roughly 14-15% in pre-market and intraday trading following the March 16, 2026 announcement.
A pattern of mega-deals
The Meta agreement follows a broader run of large contracts for Nebius. In September 2025, the company secured a deal with Microsoft valued between $17.4 billion and $19.4 billion. Nebius is targeting an annual run-rate revenue of $7 billion to $9 billion by the end of 2026. It has also set a goal of 800 megawatts to 1 gigawatt of connected power capacity by the same deadline.
Nebius originated as a spinoff of Yandex, the Russian tech conglomerate, after a 2024 restructuring that saw it redomicile to the Netherlands and relist on Nasdaq as a pure-play AI infrastructure provider. The company has also received a strategic $2 billion investment from Nvidia, which further strengthens its capacity to deploy next-generation AI infrastructure.
Source: Crypto Briefing
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