Latest sourced records
Power to revenue
Disclosed inputs and reported output, shown in sequence.
Data center footprint
Disclosed sites and possible new locations inferred from hiring
Loading globe…
as of 26 Aug 2026 · Q2 2026 shareholder letter
as of 26 Aug 2026 · Operator-maintained site records
1 rumored 9 announced 2 building 4 livePossible sites are inferred from hiring
Capacity progress
Contracted power, connected power and ARR delivery
as of 7 Aug 2026 · Q2 2026 shareholder letter
ARR against the year-end targetbehind pace
33% delivered · 61% of the year elapsed · 124 days left
Revenue per MW
Annual contract value per megawatt and cloud margins
as of 30 Jun 2026 · Q2 2026 shareholder letter
Contract mix → blended rate
40%
$12M
50%
$20M to $25M
10%
$40M to $50M
Data center hiring
Open data center roles by metro and month
as of 19 Aug 2026 · Nebius careers board
21
metros tracked
AprMayJunJulAugVineland
Tel Aviv
New York
London
Platform availability
Model catalogue, launch lag and availability zones
as of 28 Aug 2026 · Token Factory public catalog
Model catalog
Newest first- Nemotron-3_5-Lightning
nvidia
- MiniMax-M3
MiniMaxAI
- DeepSeek-V4-Flash-0731
deepseek-ai
Customer commitments
Signed revenue and customer concentration
signed commitments$40.0B
annualized run-rate$3.0B
recognized revenue · Q2 × 4$2.3B
Funding and dilution
Debt, prepayments and the cost to shareholders
GPU pricing
Public list prices per GPU-hour across vendors
H200 public list price
$/GPU-hour
CoreWeave
$6.31–$20.93
Crusoe
$4.29–$6.00
Nebius
$2.45–$4.50
Together
$3.99–$5.99
as of 29 Aug 2026 · Public vendor pricing pages
Insider transactions
Form 4 transactions and Form 144 sale notices
sale (Form 4)intent (144)buy
as of 18 Aug 2026 · EDGAR Forms 4 / 144
Market positioning
Analyst targets, short interest, 5%+ owners and institutional changes
$175$410 spread
4 buy2 hold0 sell
Recent actions
25 AugGoldman Sachs↑$328
13 AugRobert W. Baird↑$340
7 AugDA Davidson↓$175
3 AugPiper Sandler↑$224
20 JulNorthland Securities↑$410
Short interest
55.4M
-8.1% · 2.02d to cover
+1472% since Aug 2024
5%+ owners
3
THE GOLDMAN SACHS GROUP, INC. · GOLDMAN SACHS & CO. LLC
largest filed position 10.5%
13F ownership
119.0M
+14.0M · +13.3% QoQ
721 managers
quarter ended 31 Mar 2026
Upcoming events
Scheduled company and reporting events
Q3 2026 results · est.
n/a
as of 5 Nov 2026 · Typical reporting cadence
GPU deployment
Current stage of each GPU generation
Received
Vera Rubin
Validating
GB300 NVL72
Production
GB200 NVL72
Scaled
H100
H200
B200
as of 10 Aug 2026 · Platform announcements
Other investments
ClickHouse, Toloka, Avride, TripleTen and Tavily
ClickHouse
largest disclosed holding
28%
$6.3B last round
Toloka
stake not disclosed
Avride
100% stake
TripleTen
100% stake
Tavily
stake not disclosed
as of 30 Jun 2026 · 20-F 2025
SEC filings
Newest company filings from the SEC
- 26 Aug 2026
- 24 Aug 2026
- 20 Aug 2026
as of 26 Aug 2026 · SEC EDGAR
Open ledger
2026-Q1 compared with 2026-Q2
Earnings changes
Contracted-power guidance
4.0 GW to 5.0 GW
Deferred revenue
$4.8B to $6.0B
Shares outstanding
253,900,000 to 271,900,000