Microsoft multi-year data center capacity agreement
Company: Nebius - Project: Vineland
What the later record shows
Not a promise: a reported event · happened September 8, 2025
The claim was made in September 2026 and describes a contract signed in September 2025. Filings date the Microsoft agreement to September 8, 2025, at about $17.4 billion through 2031, rising to about $19.4 billion with added services or capacity.
“the total contract value is about $17.4 billion through 2031. Microsoft may also acquire additional services and/or capacity under the agreement, which would increase the total contract value to about $19.4 billion.”
2025-09-11 · Nebius 424B5 filed 2025-09-12 View cached copy (2026-08-31)Live source ↗
“On September 8, 2025, the Group entered into a commercial agreement (the “Microsoft Agreement”) with Microsoft Corporation (“Microsoft”)”
2026-04-29 · Nebius 20-F filed 2026-04-30 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Microsoft signed a multi-year deal for dedicated capacity at Nebius's Vineland, New Jersey data center worth about $17.4 billion through 2031, with potential to reach $19.4 billion if Microsoft adds services or capacity
Source (primary)
$10,000 in Nebius When It Returned to Trading in 2024 Is Worth About $105,000 Now - Yahoo Finance (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “In September 2025, Microsoft signed a multi-year deal for dedicated capacity at a new Nebius data center in Vineland, New Jersey. That agreement is worth about $17.4 billion through 2031, and up to $19.4 billion if Microsoft adds services or capacity.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The article describes Microsoft's multi-year dedicated-capacity deal at Nebius's new Vineland, New Jersey data center. It gives the value as about $17.4 billion through 2031, rising to up to $19.4 billion with added services or capacity.
Confirmed in the source:
- Microsoft signed a multi-year deal with Nebius for dedicated capacity
- The capacity is at a new Nebius data center in Vineland, New Jersey
- The agreement is worth about $17.4 billion through 2031
- The agreement could reach up to $19.4 billion if Microsoft adds services or capacity
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/10-000-nebius-returned-trading-165801696.html) in full (12,985 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms $10,000 in Nebius When It Returned to Trading in 2024 Is Worth About $105,000 Now - Yahoo Finance
Quote: “In September 2025, Microsoft signed a multi-year deal for dedicated capacity at a new Nebius data center in Vineland, New Jersey. That agreement is worth about $17.4 billion through 2031, and up to $19.4 billion if Microsoft adds services or capacity.”