220 MW connected power by end of 2025
Company: Nebius
What the later record shows
Outcome not yet confirmed
Later filings give only year-end 2025 active power (~170 MW, against a 100 MW active target), not connected power, so whether connected power reached 220 MW cannot be confirmed. The 220 MW figure appears only as a plan in P2.
“We ended the year with ~170 MW of active power, significantly exceeding our 100 MW target.”
2026-02-11 · nebius 8-K exhibit (tm266173d1_ex99-2.htm) View cached copy (2026-09-13)Live source ↗
“As of December 31, 2025, we had approximately 170 MW of active power capacity across the globe and are rapidly expanding our footprint.”
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
Nebius expects connected power, including active and fully provisioned power, to reach 220 MW by the end of 2025.
Source (primary)
nebius 8-K exhibit (tm2522866d1_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-08)Live source ↗
Quote: “By the end of 2025, we expect our connected power to reach 220 MW.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The letter states the 220 MW year-end 2025 target and defines connected power as active plus fully provisioned power that can be activated on GPU installation.
Confirmed in the source:
- Nebius expects connected power to reach 220 MW by the end of 2025
- Connected power includes both active power and power fully provisioned in its data centers
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465925075028/tm2522866d1_ex99-2.htm) in full (32,613 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2522866d1_ex99-2.htm)
Quote: “By the end of 2025, we expect our connected power to reach 220 MW.”