M. V. Cunha — Nebius reportedly signs an LOI for a big share of a planned 600 MW AI campus in Rotterdam

X post

M. V. Cunha — Nebius reportedly signs an LOI for a big share of a planned 600 MW AI campus in Rotterdam

M. V. Cunha relays a De Telegraaf report that Nebius signed a letter of intent for a significant share of VOLT's planned 600 MW Rotterdam campus, whose first 200 MW phase alone is put at €7 billion. It is one newspaper report and an LOI is not a contract, but it would extend Nebius's European pipeline at a time when the market is questioning how GPU hosts pay for their buildouts.

Open on X M. V. Cunha (@mvcinvesting)
M. V. Cunha✓ @mvcinvesting
Oct 11

🚨$NBISS has reportedly signed an LOI to secure a significant portion of a planned 600 MW AI gigafactory in Rotterdam, Netherlands. The project, developed by VOLT, is expected to require €7B in investment for its first 200 MW phase alone. Still early days, but potentiallypic.x.com/fBfxujKcDqq

Image attached to the post

Why it's worth your time

M. V. Cunha relays a De Telegraaf report that Nebius signed a letter of intent for a significant share of VOLT's planned 600 MW Rotterdam campus, whose first 200 MW phase alone is put at €7 billion. It is one newspaper report and an LOI is not a contract, but it would extend Nebius's European pipeline at a time when the market is questioning how GPU hosts pay for their buildouts.

10 events
DateTypeEvent
Oct 15 tweetMarkos (AAIG) — neocloud returns now come down to yield on cost vs. 6–9% financing; watch dollar-per-megawatt pricing Oct 16 tweetMarkos - Neocloud systemic risk is the B/C-tier wave borrowing against weak contracts, not the big names Oct 9 tweetSemiAnalysis — rising H100 rents break the depreciation curve lenders underwrite, with $7T of debt coming Oct 9 ArticleAI Money Bought Running Power Plants and Sold the Build-Out Oct 2 tweetSemiAnalysis — Google's GPU cloud climbs to Gold in ClusterMAX, but CoreWeave and Nebius are still the Platinum names it holds up as the bar Oct 1 tweetKawzInvests — open models now carry 61% of Vercel gateway tokens while H200/B200 rents rise and H100/A100 rents fall Sep 16 tweetParadis — Nebius raises rates on four-year-old H100s, and the GPU-depreciation bear case with them Sep 10 tweetM. V. Cunha — Nebius management at Goldman: demand visibility stretches to 24+ months, older GPUs stay economically relevant Oct 13 tweetSerenity — Asian coverage of Hock Tan's DBS remarks has him defending OpenAI, not calling AI a casino Oct 13 tweetSatya Nadella — Maia becomes Microsoft's primary inference system at multi-gigawatt scale starting next calendar year

Tweets, videos, filings, articles, and source pages tied to this read.

1
X@mvcinvesting tweet