**Meta Platforms Awards $27 Billion Contract to Nebius Group**
Meta Platforms (NASDAQ: META) has awarded Nebius Group (NASDAQ: NBIS) a significant contract valued at $27 billion to enhance its AI cloud computing infrastructure. This contract includes $12 billion for AI cloud computing capacity over five years, beginning in 2024, as well as an additional $15 billion for surplus data center capacity. Nebius previously secured a $3 billion deal with Meta in December 2025 and a $19.4 billion contract with Microsoft in September 2025.
Nebius is expected to aggressively expand its data center capacity, projecting to reach between 800 megawatts (MW) and 1 gigawatt (GW) of active capacity by the end of 2026, up from 170 MW at the end of 2025. The company anticipates generating close to $50 billion in revenue backlog from these contracts, significantly enhancing its financial outlook as it aims to convert contracted capacity into active revenue.
