Nebius Group N.V. (NBIS)

Nebius’s largest disclosed debt maturity concentration is in 2030. Reconstructed from the disclosures reviewed as of October 15, 2026. Amounts are US$ billions, excluding coupon interest. 2030 contains approximately $5.61 billion of convertible principal repayments, plus whatever secured-facility balance remains. The identified convertibles have no...

Reviewed October 14, 2026. Based on SMASIMHO’s collected posts and linked [data center tracker](https://nebius-tracker.vercel.app/datacenterdeepdive), including its [quarter-by-quarter timeline](https://nebius-tracker.vercel.app/datacentertimeline). The collected sample contains 400 posts from October 5–14, 2026; the tracker supplies earlier project...

Research cutoff: August 2, 2026. Currency: U.S. dollars unless stated otherwise. This memo compares four Modeledge company dossiers—CoreWeave, Nebius, Boost Run, and SharonAI—to isolate claims that remain true across different operators, accounting presentations, contract structures, and capital stacks. “Consistently true” means supported by at...

Best independent sources for monitoring Nebius’s physical data-center expansion: Use SMASIMHO for the dashboard, Northwise for detailed diligence, and Tilebox for independent physical verification. Do not treat contracted or planned MW as connected, energized or monetized MW; that conversion is the central NBIS execution variable. Research checked July...

Nebius does not disclose standalone revenue, annualized revenue, token volume, customer count, or gross margin for Token Factory. The business is reported inside Nebius AI Cloud, and dedicated endpoints are billed per GPU-hour while shared endpoints are billed per token. Any estimate therefore requires reconstructing the business from public traffic, named...

Nebius owns ~28% of ClickHouse on a fully diluted basis. Key facts: - ClickHouse is an open-source database platform originally spun out of Nebius in 2021 - It competes with Elasticsearch, MongoDB, and Snowflake - Nebius participated in ClickHouse's Series C (May 2025) to "crystallize value" to fund its core AI infrastructure business - Management has...