AI infrastructure company Nebius has announced plans to build a 300MW data center in New Jersey.

The facility will be completed in phases, with the first due to be delivered by summer 2025.

When contacted by DCD, Nebius said it did not have any further information to share regarding the initial capacity that will be made available following the completion of the first phase, but stated it has “the flexibility to accelerate the timeline based on customer demand.”

The company has also confirmed a new colocation deployment in Keflavik, Iceland, in addition to agreeing a second deployment phase for additional capacity at its Kansas City colocation facility, expected to be online by the end of Q2 2025.

In a statement, Nebius said the new Icelandic deployment would be powered by geothermal energy to reduce environmental impact, adding that physical deployment and installation at the Keflavik site are currently underway, with the new capacity expected to be operational and available by the end of Q1 2025.

The company confirmed to DCD that the data center in question is operated by its partner Verne Global. Verne runs a 24MW campus on a former NATO site near Keflavik, Iceland.

Nebius said when taken alongside the company’s previously announced plans to triple the capacity of its Finnish data center and deploy an Nvidia-based AI cluster in an Equinix data center in Paris, France, the two new sites deliver on the company’s previous guidance for 100MW of installed capacity by the end of 2025.

“Our first major data center in the US clearly advances our strategic goal of expanding our footprint in the American market as we continue building Nebius into a leading global AI infrastructure provider,” said Arkady Volozh, founder and CEO of Nebius. “This site has the potential to host dedicated large-scale instances, and we have considerable flexibility to accelerate our deployment plans as and when we need to.”

He added: “With New Jersey, we now have secured expansion capacity to over 400MW. And we are actively reviewing options to extend this pipeline further as we seek to grow aggressively to multiples of where we are today.”

Nebius was formed last year after Russian tech firm Yandex’s European operations were spun off into a separate entity. Based in Amsterdam, Nebius took control of Yandex’s Finnish data center, its Nebius AI unit, as well as data firm Toloka AI, edtech provider TripleTen, and autonomous driving firm Avride.

At the start of December 2024, the company announced it had secured $700m in equity funding from a group of institutional and accredited investors, including private equity firm Accel, Nvidia, and certain accounts managed by Orbis Investments.

In February 2024, Nebius posted its FY24 results, for which the company saw revenue growth of 462 percent for the financial year, driven primarily by its core infrastructure business. Despite this, the company still posted a net loss from continuing operations of $396.9 million for the year.