Nebius Group (NBIS) has released an update.
Nebius Group announces a major expansion of its data center in Finland, tripling its capacity to 75 megawatts and positioning it to house up to 60,000 GPUs, with the potential to generate over $1 billion in annual revenue. The company’s investment in AI infrastructure in Europe will exceed $1 billion by mid-2025, including the deployment of cutting-edge NVIDIA GPUs and a focus on sustainable energy practices. This strategic development aims to meet the surging global demand for AI resources while emphasizing energy efficiency and environmental responsibility.
For further insights into NBIS stock, check out TipRanks’ Stock Analysis page.
