1. 05:27
   TechCrunch · AI

   Nebius plans to spend $40 billion in 2027 but faces the risk of project delays.

   Nebius announced in its third-quarter financial report that it plans to spend $40 billion in 2027, far exceeding Wall Street's expectations, but some projects have faced delays. The company relies on customer prepayments and loans based on customer contracts to fund data center construction, but faces risks if projects are delayed or canceled. Its largest customer, Microsoft's Vineland data center project, has been delayed by several months, with a contract value of $19.4 billion, only half of the capacity planned to be delivered by the end of this year, and the rest will be delivered in the second quarter of 2027.

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