Microsoft GPU infrastructure services agreement
Company: Nebius - Project: Vineland
The claim, verbatim
Nebius will provide Microsoft with dedicated GPU infrastructure capacity in clusters at its Vineland, New Jersey data center over a five-year term. Total contract value is approximately $17.4 billion through 2031, with potential to reach $19.4 billion if Microsoft acquires additional services. Deployment will occur in several tranches during 2025 and 2026.
Source (primary)
Nebius 424B5 filed 2025-09-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On September 8, 2025, our wholly owned subsidiary, Nebius, Inc., entered into a commercial agreement with Microsoft, pursuant to which we will provide Microsoft access to dedicated GPU infrastructure capacity in clusters at our new data center in Vineland, New Jersey over a five-year term. We will deploy the GPU services in several tranches during 2025 and 2026. Subject to the satisfaction of deployment and availability of the GPU clusters, 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.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The prospectus supplement's 'Commercial Agreement with Microsoft' section states each element of the claim. It also notes that the contract value is subject to deployment and availability of the GPU clusters.
Confirmed in the source:
- Nebius will provide Microsoft with dedicated GPU infrastructure capacity in clusters at its Vineland, New Jersey data center
- The agreement runs over a five-year term
- Total contract value is about $17.4 billion through 2031
- Total contract value could rise to about $19.4 billion if Microsoft acquires additional services and/or capacity
- GPU services will be deployed in several tranches during 2025 and 2026
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1513845/000110465925088885/tm2525503-3_424b5.htm) in full (287,346 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius 424B5 filed 2025-09-10
Quote: “On September 8, 2025, our wholly owned subsidiary, Nebius, Inc., entered into a commercial agreement with Microsoft, pursuant to which we will provide Microsoft access to dedicated GPU infrastructure capacity in clusters at our new data center in Vineland, New Jersey over a five-year term. We will deploy the GPU services in several tranches during 2025 and 2026. Subject to the satisfaction of deployment and availability of the GPU clusters, 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.”