Nebius Group N.V. $(NBIS)$, a leading AI infrastructure company, has announced a multi-billion dollar agreement with Microsoft to deliver AI infrastructure. This deal will enable Nebius to provide dedicated capacity to Microsoft from a new data center in Vineland, New Jersey, starting later this year. The agreement marks a significant milestone for Nebius, as it aims to accelerate the growth of its AI cloud business in 2026 and beyond. Founder and CEO Arkady Volozh expressed confidence in securing more long-term contracts with leading AI labs and big tech companies. The company plans to finance the associated capital expenditure through cash flow from the deal and issuing debt secured against the contract, while also exploring additional financing options for faster growth. More details can be found in the Company's 6-K filed with the SEC.