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Verne Strikes 10MW Deal with Nebius to Further Expand Europe's AI Capacity

1. Nebius is colocating NVIDIA H200 GPUs in Iceland for AI infrastructure. 2. This move supports Nebius' extensive AI infrastructure expansion in the US.

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Why Bullish?

The expansion of AI infrastructure suggests growing demand and market position for Nebius, similar to NVIDIA's successes in previous expansions.

How important is it?

The partnership with NVIDIA for power-intensive GPUs directly enhances Nebius' capabilities, indicating future financial growth and stability.

Why Long Term?

The strategic placement of AI infrastructure signifies long-term growth potential and market relevance, akin to large-scale tech expansions in past years.

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NVDAAMZNMSFT
LONDON--(BUSINESS WIRE)-- #AI--Verne, the leading provider of sustainably powered HPC data centers across the Nordics, has today announced that Nebius, a leading global AI infrastructure provider, will be colocating a cluster of NVIDIA H200 GPUs at Verne's data center campus in Iceland. This collaboration marks the largest single implementation in Verne Iceland's history, with Nebius deploying a 10MW cluster. This installation is part of Nebius' ambitious build-out of AI infrastructure across the US.

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