Cloud infrastructure firm Nebius has signed a $3 billion deal with tech giant Meta that will see the company provide valuable AI infrastructure, as per its Q3 2025 report released on Tuesday.
The update comes as the race for quality data centers and compute chips continues, with various tech firms looking to capitalize on growth in this rapidly emerging sector.
“2025 has been a building year as we put in place the infrastructure and framework for future rapid growth,” said Founder and CEO Arkady Volozh.
This is the second deal Nebius has secured with a technology company, the first being a deal valued between $17.4 billion $19.4 billion with Microsoft, a similar agreement in which Nebius is to provide enterprise AI infrastructure.
The quarterly report shows a ramp-up in capital expenditures of up to $955.5 million (listed under property, plant, and equipment), up from $172.1 million in Q3 2024.
The shareholder letter says Nebius expects to annualized run rate revenue of $7 billion to $9 billion by the end of 2026.
Not to be confused with annualized recurring revenue, annualized run rate revenue is the extrapolation of short-term data over a month or a quarter to get an idea of a company’s future revenues over a 12-month period.
Nebius also plans to raise more funds through asset-backed financing, corporate debt, and equity offerings, having already raised $4.3 billion so far.
For equity financing, the company will be rolling out an ATM (At-the-market programme) on Wednesday that will see it issue 25 million Class A shares.
At the time of writing, Nebius shares were trading at $104.51.
Source: Google Finance