Why would a company selling data centers announce they’re completely sold out? For Nebius, it’s because the AI revolution has created a gold rush for specialized computer facilities, and everyone wants a piece of the action.
Nebius officially declared its data center capacity sold out in late 2025. This isn’t like a concert selling out – it’s more like a parking garage during the Super Bowl. The surge comes from companies desperately needing powerful facilities to run artificial intelligence programs that require massive amounts of computing power.
AI’s massive computing hunger has created a Super Bowl parking situation for specialized data centers across the industry.
The biggest driver behind this capacity crunch is a whopping $3 billion contract with Meta, the company behind Facebook and Instagram. This deal alone pushed Nebius into the spotlight as a key player in the AI infrastructure game.
Think of it like being the only pizza place open during a late-night study session – suddenly everyone needs what you’re selling.
But success comes with growing pains. Nebius reported a wider net loss of $100.4 million in the third quarter of 2025. Building data centers is expensive, like constructing a small city filled with computers instead of houses. The company’s capital expenditure guidance was raised to approximately $5 billion for 2025, reflecting the massive investment required for this expansion.
The company’s stock price took a hit after earnings were announced, showing investors are worried about short-term profits despite strong demand. Unlike forex markets that operate continuously across global time zones, traditional stock markets have limited trading hours which can amplify volatility during earnings announcements.
The company isn’t sitting still though. Nebius plans to expand to 2.5 gigawatts of capacity by the end of 2026. That’s enough power to run about two million homes, but instead it’ll fuel AI systems that help create everything from chatbots to self-driving cars. Adding to their expansion momentum, Nebius secured a massive $19.4 billion deal with Microsoft in September 2025.
This sold-out status puts Nebius in an exclusive club within the $20 billion AI infrastructure market. Their facilities aren’t just regular computer warehouses – they’re specially designed with advanced cooling systems and massive power supplies to handle AI’s hungry appetite for electricity.
The real question isn’t whether Nebius is truly sold out, but whether they can build fast enough to keep up with demand.
With additional deals reportedly in progress and the AI boom showing no signs of slowing, Nebius faces the enviable problem of having more customers than capacity.
