AI Infrastructure Efficiency Nebius’s full stack infrastructure design targets AI compute efficiency to address power constraints as GPU workloads scale. The company’s infrastructure operates at a portfolio PUE of 1.25 versus a 1.54 global industry average, indicating approximately 19% lower total facility energy consumption for the same IT load and providing a measurable efficiency advantage as GPU infrastructure scales.
High Performance Computing Hosting High Performance Computing Hosting revenue increased 54% year over year to $4.64M from $3.01M. FY2026 HPC revenue reached a record $19.5M, up 94% from $10.0M in FY2025, driven by deployment of the NVIDIA H200 GPU cluster and strong demand on the GPU marketplace. Digital Currency Mining revenue increased 42.6% year over year, but declined 23.9% sequentially from Q3.
METRIC
STATUS
Digital Currency Mining↑ 42.6%
High Performance Computing Hosting↑ 54%
🟢 Scaling
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.
Nebius AI Cloud Nebius AI cloud revenue increased 514% to $574.9M representing 98% of group revenue. Management attributed revenue growth to capacity added in Q1, higher utilization, and high margin revenue from Token Factory and recent acquisitions.
METRIC
STATUS
Nebius AI Cloud↑ 514%
Token Factory
🟢 Scaling
Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.
Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.
Nebius AI Cloud Nebius AI cloud revenue increased 841% to $389.7M. Management attributed group revenue growth to capacity scaling, supported by pricing and utilization.
METRIC
STATUS
Nebius AI Cloud↑ 841%
🟢 Scaling
Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.
Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.