Rent-a-GPU outfit Nebius promises rapid 1 GW powerup plan isn't nebulous
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off-prem And it'll jump through every financial hoop it can to get there Rent-a-GPU cloud Nebius plans to bring online over a gigawatt of datacenter capacity every year starting in 2027, but doing so will require playing the margins and juggling a mountain of debt. "Our future capacity pipeline effectively makes Nebius one of just a few companies in the world able to build more than a gigawatt of new capacity a year and we plan to do so in 2027," CEO Arkady Volozh boasted on Wednesday's earnings call. The endeavor won't be cheap. In 2026, Nebius says it expects to burn between $20 billion and $25 billion on capital expenditures to bring between 800 and 1,000 MW worth of bit barn capacity online. A big chunk of that will be covered with customer prepayments - essentially deposits for future capacity. According to Nebius CFO Dado Alonso, the firm is on track to exceed $9 billion in customer prepayments this year. But this alone won't be enough. So like most big rent-a-GPU rackets, including CoreWeave and Lambda, Nebius is taking on debt to finance its expansion. Specifically, the company is using its GPUs and contracted cash flows as collateral to secure favorable interest rates on the coveted accelerators. Nebius landed its first asset-backed debt facility valued at $775 million in July, and Alonso says the company will continue leaning on the financing scheme going forward...
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