Nebius just entered its fifth European country (Save this).
Milk Road AI Twitter · Milk Road AI (@MilkRoadAI) · 2026-07-04
Nebius signs an 18MW data center lease in Madrid-Getafe, marking its entry into Spain as its fifth European country in an 18-month expansion targeting underserved European AI GPU compute demand.
Extraction
Topics: ai-infrastructuredata-centerseuropean-aigpu-computeneocloud
Claims
- Nebius signed an 18MW lease with Merlin Properties at the Madrid-Getafe data center campus, marking its first presence in Spain.
- Nebius now has active operations in five European countries—UK, France, Finland, Iceland, and Spain—all added within roughly 18 months.
- European AI compute is severely underserved because hyperscalers are prioritizing US capacity for AI buildout over European demand.
- Nebius reported 684% revenue growth in Q1 2026, signed a $27 billion deal with Meta in March, and secured a $2 billion Nvidia equity investment.
- The Madrid-Getafe campus Nebius leased into is part of a Merlin-Edged portfolio that could eventually total more than 200MW across Spain and Portugal.
Key quotes
European enterprises, startups, and research institutions trying to access GPU compute at scale are largely being forced onto US based infrastructure or waiting in long queues for hyperscaler capacity and Nebius is walking directly into that gap.
This is a company that signed a $27 billion deal with Meta in March, secured a $2 billion Nvidia equity investment, reported 684% revenue growth in Q1 2026, and is simultaneously expanding its physical footprint across two continents.
By getting in now at the ground floor, Nebius is securing capacity at a campus that will be significantly larger in three to five years.