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

Under the agreement, Nebius will provide $12 billion of dedicated capacity across multiple locations starting early 2027, utilizing one of the first large-scale deployments of the NVIDIA Vera Rubin platform.

Meta has also committed to purchase additional available compute capacity across certain upcoming Nebius clusters for up to $15 billion over five years. Nebius 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. Nebius operates as an AI cloud platform provider for developers and companies building AI products, agents, and services. The Amsterdam-headquartered company is listed on Nasdaq.