AI cloud computing company Nebius plans to spend up to $45 billion in 2027.

on November 13, according to TechCrunch, that AI cloud computing company Nebius plans to invest $40 billion to $45 billion in capital expenditures in 2027, and expects customer advance payments and asset financing based on investment-grade contracts to cover up to 85% of the total.

The New Jersey data center project through which Nebius provides computing power to Microsoft has been delayed for several months, with current plans to deliver slightly more than half of Microsoft's compute capacity by year-end, and the remainder in the second quarter of 2027. The company stated that Microsoft was involved in the planning process, but did not clarify whether Microsoft agrees to the new delivery dates.

Nebius projects revenue of $12 billion to $13 billion for 2027, and expects to reach pre-tax break-even in the fourth quarter. Due to delays at third-party sites, the company has lowered its 2026 revenue forecast by $200 million to $3 billion.