Nebius Group N.V. (NASDAQ: NBIS) announced a five-year AI infrastructure supply agreement with Meta valued at up to $27 billion, according to a company statement.

Under the agreement, Nebius will provide $12 billion of dedicated capacity across multiple locations starting early 2027. The deployment will utilize NVIDIA's Vera Rubin platform in what the company describes as one of the first large-scale implementations of the technology.

Meta has committed to purchase an additional $15 billion of available compute capacity across certain upcoming Nebius clusters over the five-year period. Nebius stated it intends to sell this capacity to third-party customers of its AI cloud business, with remaining capacity to be purchased by Meta.

"We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business," said Arkady Volozh, founder and CEO of Nebius.

The company maintained its guidance for 2026 remains unchanged following the announcement.