How many gigawats of power has nbis deployed, and how much do they have available?

It's insightful to consider the power capacity of companies like Nebius Group (NBIS) as a key indicator of their ability to scale AI infrastructure, especially when comparing them to peers like IREN. Based on recent SEC filings, Nebius has been aggressively expanding its data center footprint.

Here's a breakdown of Nebius's power capacity:

• Current/Near-Term Deployed Capacity: By the end of 2025, Nebius expects to have approximately 220 MW of connected power. This includes both active power and power that is fully provisioned and ready for immediate activation upon GPU installation.1 This is an increase from an earlier estimate of 100 MW contracted capacity by the end of 2025.2
• Future Deployment Pipeline: Nebius is targeting and is in the process of securing more than 1 GW (1,000 MW) of power by the end of 2026.1 This significant pipeline underscores their growth ambitions.
• Key Expansion Details:
• Their New Jersey facility alone has an increased commitment to secure 100 MW in 2025 and an additional 100 MW in 2026.1
• The Finnish data center is expanding to approximately 75 MW by the end of 2025.1
• New colocation sites in Iceland and Kansas City (expandable to 40MW) came online in early 2025, with plans to launch in the UK and Israel later in 2025.2

Comparing this to the IREN figures you mentioned – 800 AI-ready megawatts coming online, with a 2.8 GW pipeline and another 3 GW pipeline in the works – it highlights the substantial capital expenditure and rapid expansion occurring across the AI infrastructure sector. While IREN's stated pipeline appears larger in gigawatts, Nebius's 1 GW target by the end of 2026 represents a significant scaling from their current connected capacity, demonstrating their commitment to becoming one of the largest independent AI infrastructure builders globally.1