Nebius, the AI infrastructure company spun out of Yandex, has signed a lease agreement to take capacity at a Vantage Data Centers facility in Newport, Wales. The deal expands Nebius's European footprint as the company scales its GPU cloud offering to serve AI workloads. Financial terms of the lease were not disclosed.
The agreement reflects growing demand from AI-focused tenants for third-party colocation capacity in Europe, where purpose-built AI infrastructure remains scarce relative to North America. For Vantage, the deal adds a high-profile AI cloud tenant at a time when the company is pursuing an IPO, and lease announcements with named AI customers can strengthen its market position.
Selected based on two named companies, Nebius and Vantage, a specific geographic location, and the strategic context of AI cloud expansion into European colocation markets.