Nebius Group (NBIS) said Wednesday it plans to build a new data center in New Jersey with up to 300 megawatts of capacity as part of its US expansion.
The company said the facility will be developed in phases, with initial capacity expected to be ready by mid-2025.
Nebius also said it has added additional capacity at its Kansas City site, with a second phase expected online by the end of Q2, and a new deployment in Iceland, scheduled to be operational by the end of Q1.
Shares of the company were up more than 3% in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.