Nebius tests the neocloud playbook with $40 billion in planned spending

techcrunch.com4 min read

During its third-quarter earnings call, neocloud company Nebius outlined $40 billion in planned spending for 2027, relying heavily on customer pre-payments and asset-backed financing. However, the company's ambitious buildout is facing delays at third-party data center sites, including a Microsoft-backed facility in New Jersey that fell behind schedule due to regulatory fines over unauthorized natural gas generators and noise complaints. Open article →

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