$NEBIUS(NBIS)$ NBIS just picked up a much stronger landlord in Saudi Arabia.
Aramco has closed its $2.6B deal for 49% of Humain. PIF keeps the other 51%.
Why Nebius holders should care:
On Oct 21, Nebius signed a preliminary deal with Humain and DataVolt for up to 50MW at the NEOM Oxagon AI campus. That's half of the first 100MW under construction, coming online in phases from Q4 2027.
Nebius is the first customer there.
Now the company building that capacity is backed by Aramco and the Saudi sovereign wealth fund, and targets 3GW of AI data centers by 2030.
In this market the bottleneck isn't demand. It's getting powered buildings delivered on time. Partners with deep pockets matter.
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