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HYBSIS Intelligence

Beta Research snapshot 25 Sept 2026

NeoCloud Intelligence

Track the companies building the emerging GPU-cloud and AI infrastructure layer — their stacks, capacity, projects, funding and growth.

Tracking started
25 Sept 2026
Snapshots
3
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Neocloud Observatory · snapshot 25 Sept 2026

Market by capacity maturity

Operational AI capacity

1,670 MW

Lower bound: 4 companies report operational MW

Under construction

1,350 MW

Contracted (not yet operational)

9,461 MW

Landlord operational capacity

672 MW

Category G, shown separately to avoid double counting leased MW

Equity raised (captured)

$17.8B

Debt raised (captured)

$29.8B

Combined market cap (public)

$120.3B

Combined private valuations

$90.2B

Latest round post-money; never mixed with market cap for one company

Projects tracked

38

Countries with projects

17

Largest Operational AI Capacity

  1. 1. CoreWeave 1,500 MW
  2. 2. Nebius 100 MW
  3. 3. IREN 50 MW
  4. 4. WhiteFiber 20 MW

Largest Contracted Backlog / Contract Value

  1. 1. CoreWeave $104B
  2. 2. Nscale $51B
  3. 3. Nebius $20.4B
  4. 4. Crusoe $13B
  5. 5. Volta $10B

Most Overhyped

  1. 1. Nscale +0.44
  2. 2. IREN +0.10
  3. 3. Nebius +0.05

Most Underappreciated

  1. 1. Northern Data (Taiga Cloud) -0.32
  2. 2. Lambda -0.30
  3. 3. CoreWeave -0.05
  4. 4. WhiteFiber -0.01

Providers tracked

24

Publicly listed

6

HQ countries

6

Projects tracked

28

Project countries

11

Disclosed contracts

24

Disclosed financing

$69.6B

Equity + debt, 41 of 48 events with amounts

Operational IT load

50 MW

1 of 24 providers report it

Provider comparison

NeoCloud provider comparison. Select a column header to sort.
CoreWeave A Pure-play Neocloud Livingston, New Jersey, United States 2017 public Nasdaq: CRWV North America NVIDIA Hopper, NVIDIA Blackwell Not sourced Not sourced reported confidence medium
Crusoe B Vertically integrated AI infrastructure Denver, Colorado, United States 2018 private North America NVIDIA Blackwell Not sourced Not sourced reported confidence medium
CUDO Compute C GPU cloud London, United Kingdom — private Europe — Not sourced Not sourced reported confidence medium
Firmus Technologies D AI factory / data-centre + cloud hybrid Launceston, Tasmania, Australia — private Asia-Pacific NVIDIA Blackwell Ultra Not sourced Not sourced reported confidence medium
Fluidstack A Pure-play Neocloud London, United Kingdom 2017 private Europe NVIDIA Ampere, NVIDIA Hopper Not sourced 360 reported confidence medium
Genesis Cloud C GPU cloud Munich, Germany — unknown Europe NVIDIA Hopper, NVIDIA Blackwell Not sourced Not sourced reported confidence medium
GMI Cloud D AI factory / data-centre + cloud hybrid United States — private North America, Asia-Pacific NVIDIA Blackwell, NVIDIA Blackwell Ultra, NVIDIA Rubin Not sourced Not sourced reported confidence medium
IREN B Vertically integrated AI infrastructure Sydney, Australia 2018 public Nasdaq: IREN Asia-Pacific, North America NVIDIA Hopper, NVIDIA Blackwell, NVIDIA Blackwell Ultra 50 150 reported confidence medium
Lambda A Pure-play Neocloud San Jose, California, United States 2012 private North America NVIDIA Hopper, NVIDIA Blackwell, NVIDIA Blackwell Ultra Not sourced Not sourced reported confidence medium
Lightning AI (incl. Voltage Park) A Pure-play Neocloud United States — private North America NVIDIA Hopper, NVIDIA Blackwell, NVIDIA Blackwell Ultra Not sourced Not sourced reported confidence medium
Nebius B Vertically integrated AI infrastructure Amsterdam, Netherlands — public Nasdaq: NBIS Europe, North America, Middle East NVIDIA Hopper, NVIDIA Blackwell Ultra Not sourced Not sourced reported confidence medium
NexGen Cloud (Hyperstack) C GPU cloud United Kingdom — private Europe NVIDIA Ampere, NVIDIA Hopper Not sourced Not sourced reported confidence medium
Northern Data (Taiga Cloud) D AI factory / data-centre + cloud hybrid Germany — subsidiary Europe NVIDIA Hopper Not sourced Not sourced reported confidence medium
Nscale B Vertically integrated AI infrastructure London, United Kingdom 2024 public NYSE (proposed): NSCL (proposed, NYSE) Europe, North America NVIDIA Blackwell Ultra Not sourced Not sourced reported confidence medium
Ori (Radiant / Brookfield) B Vertically integrated AI infrastructure London, United Kingdom — subsidiary Europe NVIDIA Hopper Not sourced Not sourced reported confidence medium
RunPod C GPU cloud United States — private North America — Not sourced Not sourced reported confidence medium
Sharon AI C GPU cloud — — public Nasdaq: SHAZ — — Not sourced Not sourced reported confidence medium
TensorWave A Pure-play Neocloud Las Vegas, Nevada, United States 2023 private North America AMD Instinct MI300 series, AMD Instinct MI350 series Not sourced Not sourced reported confidence medium
Together AI A Pure-play Neocloud San Francisco, California, United States 2022 private North America NVIDIA Blackwell, NVIDIA Blackwell Ultra Not sourced Not sourced reported confidence medium
Volta D AI factory / data-centre + cloud hybrid — 2026 private Europe NVIDIA Rubin Not sourced Not sourced reported confidence medium
Voltage Park — San Francisco, United States 2023 private North America NVIDIA Not sourced Not sourced unverified confidence medium
Vultr E HPC cloud West Palm Beach, Florida, United States 2014 private North America NVIDIA, AMD Not sourced Not sourced reported confidence medium
WhiteFiber D AI factory / data-centre + cloud hybrid — — public Nasdaq: WYFI North America — Not sourced Not sourced reported confidence medium
Yotta Data Services B Vertically integrated AI infrastructure India 2019 private Asia-Pacific NVIDIA Blackwell Ultra Not sourced Not sourced reported confidence medium

Capacity and technology

NeoCloud capacity over time (MW, sourced)
  • Announced
  • Operational
0 150 300 450 600 2026-09-26 2026-10-11 Announced · 2026-09-26: 510 MW Announced · 2026-10-11: 510 MW Operational · 2026-09-26: 50 MW Operational · 2026-10-11: 50 MW
Table view
Period AnnouncedOperational
2026-09-26 51050
2026-10-11 51050
GPU generation mix
Table view
CategoryValue
NVIDIA Hopper10
NVIDIA Blackwell Ultra9
NVIDIA Blackwell8
NVIDIA Ampere2
NVIDIA Rubin2
AMD Instinct MI300 series1
AMD Instinct MI350 series1
GPU vendors offered (providers)

Providers offering each vendor (a provider can offer several).

Table view
CategoryValue
NVIDIA19
AMD2
Google TPU1
Providers by segment

Segments follow the NeoCloud Observatory taxonomy (A–E).

Table view
CategoryValue
A · Pure-play Neocloud6
B · Vertically integrated AI infrastructure6
C · GPU cloud5
D · AI factory / data-centre + cloud hybrid5
E · HPC cloud1
Unclassified1
IT-load capacity by maturity (MW)

Sum of each provider’s latest IT-load figure per maturity. Coverage is partial — facility, grid and pipeline MW are listed separately and never added in.

Table view
CategoryValue
Operational (1 provider)50 MW
Under construction (1 provider)150 MW
Contracted (1 provider)360 MW
Projects by country
Table view
CategoryValue
United States14
Norway3
Australia2
Finland2
Canada1
France1
Iceland1
Japan1
Portugal1
Taiwan1
United Kingdom1
Operating regions (providers present)

Regional MW distribution appears once project capacity is sourced.

Table view
CategoryValue
North America14
Europe9
Asia-Pacific4
Middle East1
Headquarters by country
Table view
CategoryValue
United States10
United Kingdom5
Unknown3
Australia2
Germany2
India1
Netherlands1
Ownership
Table view
CategoryValue
Private15
Public6
Subsidiary2
Unknown1
Disclosed financing by year (USD billions)

Equity and debt financing with disclosed amounts. Events without a disclosed amount are counted but not valued.

Table view
CategoryValue
2024 (5 of 5 events)1.8B
2025 (12 of 16 events)13B
2026 (24 of 27 events)54.8B

Capacity concentration

Insufficient historical data

Concentration needs sourced capacity for at least three providers.

Tracking started 25 Sept 2026

Project pipeline

Projects by status
Table view
CategoryValue
Announced6
Planned8
Permitting1
Under construction11
Partially operational7
Operational5
ProjectProvidersLocationStatusCapacity
Abilene Stargate campus (Crusoe / Oracle / OpenAI)
Sources: Crusoe — Crusoe Announces Flagship Abilene Data Center is Live, Epoch AI — OpenAI Stargate: where the US sites stand
 Crusoe Abilene, Texas, United States under construction 1,200 MW (announced)
Crusoe Abilene AI factory campus for Microsoft
Source: Crusoe — Crusoe builds 900 MW Abilene campus for Microsoft
 Crusoe Abilene, Texas, United States under construction 900 MW (announced)
Crusoe / Tallgrass Cheyenne AI campus
Source: DatacenterDynamics — Crusoe gets go-ahead for 1.8GW data center campus and power plant in Cheyenne, Wyoming
 Crusoe Cheyenne, Wyoming, United States permitting 1,800 MW (announced)
Project Southgate — Melbourne
Source: SmartCompany — Firmus expands Australian 'AI factory' plan with $73.3 billion from Nvidia, CDC
 Firmus Technologies Melbourne, Victoria, Australia planned Not sourced
Project Southgate — Northern Tasmania
Source: SmartCompany — Firmus expands Australian 'AI factory' plan with $73.3 billion from Nvidia, CDC
 Firmus Technologies Launceston, Tasmania, Australia announced Not sourced
Fluidstack 1 GW AI supercomputer (France)
Source: Business Wire (Fluidstack) — Fluidstack to Build 1GW AI Supercomputer in France
 Fluidstack France announced 1,000 MW (announced)
GMI Cloud Taoyuan AI factory
Source: PR Newswire (GMI Cloud) — GMI Cloud to Launch Next-Gen AI Factory in Taiwan with NVIDIA
 GMI Cloud Taoyuan, Taiwan planned 16 MW (announced)
GMI Cloud Japan sovereign AI initiative
Source: PR Newswire (GMI Cloud) — GMI Cloud Unveils $12 Billion, 1GW Sovereign AI Infrastructure Initiative in Japan
 GMI Cloud Japan announced 1,000 MW (announced)
IREN Childress campus (Horizon 1-4)
Sources: GlobeNewswire (IREN) — IREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL72, SEC EDGAR — IREN Reports FY26 Results (8-K)
 IREN Childress, Texas, United States partially operational 200 MW (announced)
IREN Sweetwater 1 & 2 hub
Source: SEC EDGAR — IREN Ltd Form 10-K FY2025 (Sweetwater 1/2 description)
 IREN Sweetwater, Texas, United States under construction 2,000 MW (announced)
IREN British Columbia sites (Prince George, Mackenzie, Canal Flats)
Source: SEC EDGAR — IREN Ltd Form 10-K FY2026
 IREN Prince George, British Columbia, Canada operational Not sourced
Lambda Kansas City AI factory
Source: Missouri Department of Economic Development — Lambda to establish AI factory facility in Kansas City
 Lambda Kansas City, Missouri, United States planned 24 MW (announced)
Lambda at Prime Data Centers LAX01 (Vernon, CA)
Source: DatacenterDynamics — Lambda to deploy GPU cluster at Prime's LAX01 data center
 Lambda Vernon, California, United States planned 21 MW (announced)
Nebius Mäntsälä data center
Sources: DatacenterDynamics — Nebius expands European presence: Estonia and second data center in Mäntsälä, Yahoo Finance / Zacks — Can Nebius' Data Center Expansion Drive Growth Amid Rising Competition?
 Nebius Mäntsälä, Uusimaa, Finland operational 75 MW (operational)
Nebius Lappeenranta AI factory
Source: Yahoo Finance / Zacks — Can Nebius' Data Center Expansion Drive Growth Amid Rising Competition?
 Nebius Lappeenranta, South Karelia, Finland announced 310 MW (announced)
Nebius Vineland (New Jersey) AI data center
Sources: Nebius — Nebius accelerates US expansion, adding up to 300 MW capacity at new data center in New Jersey, Markets Today (X) — Vineland Planning Board approves Phase 2 of Nebius-linked data center
 Nebius Vineland, New Jersey, United States partially operational 300 MW (announced)
Nebius Kansas City / Independence AI factory
Sources: BeBeez International — Nebius plans 800MW data center campus in Kansas City, Missouri, Yahoo Finance / Zacks — Can Nebius' Data Center Expansion Drive Growth Amid Rising Competition?
 Nebius Independence, Missouri, United States planned 800 MW (announced)
Nebius Keflavik (Iceland) colocation
Source: Yahoo Finance / Zacks — Can Nebius' Data Center Expansion Drive Growth Amid Rising Competition?
 Nebius Keflavik, Iceland operational Not sourced
Stargate Norway (Aker Nscale JV, Kvandal/Narvik)
Sources: Nscale — Nscale, Aker and OpenAI to establish Stargate Norway, DatacenterDynamics — Aker Nscale plans another data center in Narvik, Norway
 Nscale Narvik, Nordland, Norway under construction 230 MW (announced)
Nscale Texas hyperscale AI campus (Microsoft)
Source: Sacra — Nscale valuation, funding & news
 Nscale United States under construction 240 MW (announced)
Nscale at Start Campus, Sines
Source: DataStorage.com — Top 10 Neocloud Providers of 2026, Ranked
 Nscale Sines, Portugal planned Not sourced
Nscale Glomfjord data center
Source: Wikipedia — Nscale — Wikipedia
 Nscale Glomfjord, Nordland, Norway operational Not sourced
Nscale Loughton (Essex) AI data center
Source: Wikipedia — Nscale — Wikipedia
 Nscale Loughton, Essex, United Kingdom under construction Not sourced
Together AI / 5C Maryland AI factory
Source: NVIDIA Newsroom — NVIDIA and Partners Build America's AI Infrastructure
 Together AI United States operational Not sourced
Together AI / 5C Memphis AI factory
Source: NVIDIA Newsroom — NVIDIA and Partners Build America's AI Infrastructure
 Together AI Memphis, Tennessee, United States under construction Not sourced
Volta / Bitdeer Norway AI factory (Vera Rubin)
Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program
 Volta Norway announced 133 MW (announced)
Vultr 50 MW AMD GPU cluster (Springfield, Ohio)
Sources: CNBC — AMD invests in GPU cloud provider Vultr at $3.5 billion valuation, DatacenterDynamics — Vultr seeks at least $1bn in funding - report
 Vultr Springfield, Ohio, United States planned 50 MW (announced)
WhiteFiber NC-1
Source: The Motley Fool — WhiteFiber (WYFI) Q2 2026 Earnings Call Transcript
 WhiteFiber United States partially operational 20 MW (operational)

Capacity register

Every sourced capacity figure with its maturity (operational → speculative) and MW type (IT load, facility, grid connection, pipeline). Figures are listed, not added up.

ProviderMWMaturityMW typeAs ofStatus & source
CoreWeave1,500operationalactive power30 Jun 2026
Operational Confidence: high

Company term 'active power'; added ~500 MW in Q2 2026.

Source: CoreWeave Investor Relations — CoreWeave Reports Strong Second Quarter 2026 Results
Nebius220operationalgrid connection31 Dec 2025
Operational Confidence: low

Connected power at YE2025 as summarised by a third-party earnings review; low confidence.

Source: MVC Investing (Substack) — Nebius Group (NBIS): Q2 2026 Earnings Review
Nebius100operationalactive power31 Dec 2025
Operational Confidence: low

Active power at YE2025 per third-party review; low confidence.

Source: MVC Investing (Substack) — Nebius Group (NBIS): Q2 2026 Earnings Review
IREN50operationalit load13 Aug 2026
Operational Confidence: high

Horizon 1 (50 MW IT) delivered to Microsoft at Childress.

Source: GlobeNewswire (IREN) — IREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL72
IREN150under constructionit load27 Aug 2026
Announced Confidence: high

Horizons 2-4 (3 x 50 MW) commissioning/late-stage construction, delivery targeted Q4 2026.

Source: SEC EDGAR — IREN Reports FY26 Results (8-K)
Crusoe4,900contractedunspecified9 Jun 2026
Announced Confidence: high

Contracted AI infrastructure capacity across data-center projects and Crusoe Cloud.

Source: Crusoe — Crusoe's Contracted AI Infrastructure Capacity Approaches 5 Gigawatts
CoreWeave3,700contractedcontracted power30 Jun 2026
Announced Confidence: high

Total contracted power ~3.7 GW.

Source: CoreWeave Investor Relations — CoreWeave Reports Strong Second Quarter 2026 Results
Fluidstack360contractedit load10 Aug 2026
Announced Confidence: high

Lake Mariner (TeraWulf) contracted critical IT for Fluidstack.

Source: SEC EDGAR — TeraWulf Q2 2026 earnings release (8-K)
Fluidstack300contractedit load3 Nov 2025
Announced Confidence: medium

Barber Lake (Cipher) — full site leased.

Source: DatacenterDynamics — AWS signs 300MW hosting deal with Cipher Mining (incl. Fluidstack Barber Lake context)
Fluidstack245contractedit load17 Dec 2025
Announced Confidence: high

River Bend (Hut 8), first hall Q2 2027.

Source: PR Newswire (Hut 8) — Hut 8 Signs 15-Year, 245 MW AI Data Center Lease at River Bend Campus ($7.0B)
TensorWave2,000securedunspecified10 Jun 2026
Announced Confidence: high

Company claims 'more than 2 GW of long-term data center capacity secured' — scale is large relative to 8,192 operational GPUs; treat as secured pipeline, not capacity.

Source: Business Wire (TensorWave) — TensorWave Raises $350 Million Series B at $1.55B Valuation
Sharon AI212securedunspecified6 Aug 2026
Announced Confidence: high

'Secured AI Factory capacity increases by 80MW to 212MW'.

Source: Nasdaq (Sharon AI press release) — Sharon AI Reports Second Quarter 2026 Results
Nebius5,000announcedunspecified12 Aug 2026
Announced Confidence: high

YE2026 contracted power target (raised).

Source: Nebius Group — Nebius Group Letter to shareholders Q2 2026
CoreWeave1,850announcedunspecified11 Aug 2026
Announced Confidence: medium

Target: more than 1.85 GW active power by year-end 2026 (company guidance).

Source: Seeking Alpha — CoreWeave expects $12.4B-$13.2B of 2026 revenue while raising year-end active power target to more than 1.85 GW
Firmus Technologies1,600announcedunspecified1 Nov 2025
Announced Confidence: medium

1.6 GW across five sites by 2028 (plan).

Source: SmartCompany — Firmus expands Australian 'AI factory' plan with $73.3 billion from Nvidia, CDC
IREN800announcedunspecified27 Aug 2026
Announced Confidence: high

Cumulative ~0.8 GW (IT) targeted in 2027.

Source: SEC EDGAR — IREN Reports FY26 Results (8-K)
IREN300announcedunspecified27 Aug 2026
Announced Confidence: high

Cumulative ~0.3 GW (IT) delivery targeted in 2026.

Source: SEC EDGAR — IREN Reports FY26 Results (8-K)
Northern Data (Taiga Cloud)250announcedunspecified1 Nov 2025
Announced Confidence: medium

~250 MW online or in development across eight data centers by 2027.

Source: Tech Funding News — Rumble to buy German cloud computing firm Northern Data for $767M
Yotta Data Services180announcedunspecified27 Feb 2026
Announced Confidence: medium
Source: CNBC — India's Yotta to build $2 billion AI hub with Nvidia GPUs, plans IPO
IREN5,000potentialpower pipeline27 Aug 2026
Estimated Confidence: high

Global data center pipeline ~5 GW.

Source: SEC EDGAR — IREN Reports FY26 Results (8-K)
Nebius5,000potentialunspecified11 Mar 2026
Estimated Confidence: medium

Plan to deploy >5 GW of data center capacity by end of 2030.

Source: CNBC — Nebius stock pops 16% on Nvidia $2 billion investment announcement
Crusoe40,000speculativepower pipeline9 Jun 2026
Estimated Confidence: high

Company-stated total development pipeline >40 GW incl. sites in negotiation/advanced development. Not capacity.

Source: Crusoe — Crusoe's Contracted AI Infrastructure Capacity Approaches 5 Gigawatts

Largest disclosed customer contracts

The basis column states what a value means — a total contract value, a ceiling (“up to”), an annualised figure or a programme size — so values are not directly comparable.

ProviderCustomerValueBasisTermDateStatus & source
FluidstackAnthropicai lab$50.0BProgramme—12 Nov 2025announced

$50B US data-center program by Anthropic with Fluidstack; sites coming online through 2026.

Source: Yahoo Finance — Anthropic announces $50 billion data center plan
NscaleMicrosofthyperscaler$43.8BUp to (ceiling)—30 Apr 2026signed

Statements of work entered Sep 2025-Apr 2026; payments of up to ~$43.8B through Dec 2033 (S-1).

Source: SEC EDGAR — NSCALE Ltd — Form S-1
CoreWeaveMetahyperscaler$21.0BTotal contract value—9 Apr 2026expanded Source: Business Wire (CoreWeave) — CoreWeave and Meta Announce $21 Billion Expanded AI Infrastructure Agreement
NebiusMicrosofthyperscaler$17.4BTotal contract value5 yr8 Sept 2025signed

Up to ~$19.4B if Microsoft acquires additional services/capacity.

Source: Nebius — Nebius announces multi-billion dollar agreement with Microsoft for AI infrastructure
CoreWeaveMetahyperscaler$14.2BTotal contract value—30 Sept 2025signed

Original 2025 agreement (~$14.2B) referenced in the April 2026 expansion coverage; exact 2025 date approximate.

Source: CNBC — Meta commits to spending additional $21 billion with CoreWeave
CrusoeJane Streetfinancial$13.0BTotal contract value5 yr1 Jun 2026signed

Reported by third-party research; date approximate; not confirmed by a primary source in this snapshot.

Source: Sacra — Crusoe revenue, valuation & funding
CoreWeaveOpenAIai lab$11.9BUp to (ceiling)5 yr10 Mar 2025signed Source: CNBC — OpenAI to pay CoreWeave $11.9 billion over five years
Applied DigitalCoreWeaveneocloud$11.0BTotal contract value15 yr1 Sept 2025signed

Total for full 400 MW PF1 incl. additional 150 MW.

Source: Applied Digital — Applied Digital Finalizes Additional 150MW Lease with CoreWeave in North Dakota
FluidstackGovernment of Francegovernment$10.4BProgramme—10 Feb 2025announced

MoU; €10B phase one; 1 GW; ~500k chips.

Source: Business Wire (Fluidstack) — Fluidstack to Build 1GW AI Supercomputer in France
VoltaUndisclosed AI lab (reported: Anthropic)$10.0BTotal contract value—4 Aug 2026signed

Bloomberg identified Anthropic (unnamed sources); Reuters could not verify.

Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program
Core ScientificCoreWeaveneocloud$10.0BTotal contract value—28 Jul 2026signed

~590 MW, >$10B potential revenue over terms (aggregate of multiple contracts).

Source: Nasdaq (Core Scientific press release) — Core Scientific Announces Second Quarter 2026 Results
IRENMicrosofthyperscaler$9.7BTotal contract value5 yr3 Nov 2025signed

20% customer prepayment; ~$1.9B expected ARR contribution.

Source: IREN — IREN Signs $9.7 Billion Agreement with Microsoft
Data coverage by provider 47% of tracked fields populated
Provider HQFoundedOwnershipRegionsGPU vendorsGPU generationsNetworkingCoolingEnergy strategyPlatformAnnounced MWOperational MWGPU countFunding
CoreWeave ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded ●recorded ○not recorded
Crusoe ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded
CUDO Compute ●recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
Firmus Technologies ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
Fluidstack ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ●recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded
Genesis Cloud ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded
GMI Cloud ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
IREN ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ●recorded ●recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded
Lambda ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded
Lightning AI (incl. Voltage Park) ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ●recorded ○not recorded
Nebius ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded
NexGen Cloud (Hyperstack) ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded
Northern Data (Taiga Cloud) ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded
Nscale ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ●recorded
Ori (Radiant / Brookfield) ●recorded ○not recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
RunPod ●recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded
Sharon AI ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
TensorWave ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded
Together AI ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ●recorded
Volta ○not recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded
Voltage Park ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
Vultr ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
WhiteFiber ○not recorded ○not recorded ●recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded ○not recorded
Yotta Data Services ●recorded ●recorded ●recorded ●recorded ●recorded ●recorded ○not recorded ●recorded ○not recorded ●recorded ○not recorded ○not recorded ○not recorded ○not recorded

● recorded · ○ not yet recorded. Quantitative fields appear only with a cited source.

Event timeline

Latest 20 of 82 events. Every event is listed on the provider pages.

  1. 18 Sept 2026 · ipo

    Nscale — IPO (S-1 filed) (announced) Shares and price range not yet determined. Lead bookrunners Goldman Sachs, J.P. Morgan, Morgan Stanley.

    Source: Nscale — Nscale Files Registration Statement for Proposed Initial Public Offering

  2. 17 Sept 2026 · equity

    Crusoe — Series F (initial close)

    Source: Crusoe — Crusoe Raises $3.9B Series F at a $30.9B Valuation

  3. 3 Sept 2026 · equity

    Crusoe — Series F (reported) (reported discussion)

    Source: Bloomberg — Crusoe Raises Over $3 Billion in Funding at $30 Billion Valuation

  4. 3 Sept 2026 · equity

    Fluidstack — Series B

    Source: Forbes — Fluidstack Hit A $18 Billion Valuation By Helping Build Google and Anthropic's Data Centers

  5. 28 Aug 2026 · equity

    Lambda — Pre-IPO round (reported talks) (reported discussion) Bloomberg-reported; 'up to $3B at $12B or more'.

    Source: Sacra — Lambda Labs revenue, valuation & funding

  6. 27 Aug 2026 · debt

    IREN — GPU financing for Microsoft contract '<6% per annum' interest rate (upper bound stored).

    Source: SEC EDGAR — IREN Reports FY26 Results (8-K)

  7. 13 Aug 2026 · fact

    IREN delivers Horizon 1 (50 MW) to Microsoft; NVIDIA Exemplar Cloud on GB300 NVL72

    Source: GlobeNewswire (IREN) — IREN Delivers Horizon 1 to Microsoft and Achieves NVIDIA Exemplar Cloud Status on GB300 NVL72

  8. 12 Aug 2026 · fact

    Nebius Q2 2026: revenue $582.3M (+454%), ARR $3B; YE contracted power guidance raised to 5 GW

    Source: Nebius Group — Nebius Group Letter to shareholders Q2 2026

  9. 11 Aug 2026 · fact

    CoreWeave Q2 2026: revenue $2.58B (+112%), backlog ~$104B, active power 1.5 GW

    Source: CoreWeave Investor Relations — CoreWeave Reports Strong Second Quarter 2026 Results

  10. 10 Aug 2026 · debt

    Fluidstack — Google lease backstops (TeraWulf Lake Mariner, total)

    Source: SEC EDGAR — TeraWulf Q2 2026 earnings release (8-K)

  11. 4 Aug 2026 · equity

    Volta — Seed + Series A Amount not disclosed in captured sources.

    Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program

  12. 4 Aug 2026 · debt

    Volta — AI infrastructure financing program (announced)

    Source: Business Wire (Volta) — Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program

  13. 20 Jul 2026 · equity

    Fluidstack — Series A

    Source: Fluidstack — Fluidstack raised $830M Series A

  14. 1 Jul 2026 · debt

    CoreWeave — DDTL 5.5 Exact close date not captured; month approximate.

    Source: SEC EDGAR — CoreWeave 8-K Ex.99.1 — $2.6 billion DDTL 5.5 facility

  15. 1 Jul 2026 · equity

    Together AI — Series C

    Source: TechCrunch — Neocloud Together AI raises $800M, leaps to $8.3B valuation

  16. 24 Jun 2026 · equity

    RunPod — Growth

    Source: PR Newswire (RunPod) — Runpod Raises $100M Led by Summit Partners

  17. 17 Jun 2026 · fact

    Rumble closes acquisition of Northern Data (85.2%)

    Source: GlobeNewswire via Fidelity — Rumble Closes Acquisition of Northern Data

  18. 10 Jun 2026 · equity

    TensorWave — Series B

    Source: Business Wire (TensorWave) — TensorWave Raises $350 Million Series B at $1.55B Valuation

  19. 9 Jun 2026 · fact

    Crusoe contracted AI infrastructure approaches 5 GW (4.9 GW)

    Source: Crusoe — Crusoe's Contracted AI Infrastructure Capacity Approaches 5 Gigawatts

  20. 1 Jun 2026 · ipo

    Yotta Data Services — IPO (planned, up to $900M) (reported discussion)

    Source: BigGo Finance — India's Yotta Data Services Targets Up to $900 Million in Upcoming IPO

NeoCloud news

Updated 1 Nov 2026, 11:54 UTC

  1. 30 Oct 2026 Data Centre

    Nebius and AIB sign 12 year agreement for 50 MW AI data center capacity

    Nebius, an AI infrastructure provider, has agreed to lease 50 MW of IT capacity from AIB Data Centers Ltd (AIB), a digital infrastructure developer and operator, under a 12 year contract, adding infrastructure in the southeastern United States for its AI cloud operations. The agreement addresses a key…

    W.Media

  2. 30 Oct 2026 Data Centre

    PowerBank plans 2MW modular data center in Ontario, Canada

    Signs first lease with AI cloud partner

    DatacenterDynamics

  3. 30 Oct 2026 Data Centre

    Modular data center provider DXN loses neocloud customer contract

    Customer cancels deal after shift in business, company still paid for work completed

    DatacenterDynamics

  4. 29 Oct 2026 Data Centre

    DCD Studio: Europe's gigawatt opportunity with Maria Poyer, CoreWeave

    DCD's Seb Moss and Maria Poyer of CoreWeave discuss global expansion strategies, focusing on site selection, real estate, and market entry challenges in Europe and APAC

    DatacenterDynamics

  5. 29 Oct 2026 Data Centre

    AIB plans 50MW AI data center at former Spartanburg cryptomine to serve Nebius

    South Carolina mine closed over the summer, conversion project allowed despite local data center moratorium

    DatacenterDynamics

  6. 29 Oct 2026 Data Centre

    UK's Volta acquires Reynolds House data center site in Manchester

    Company buys former Telecity/Equinix site from Lunar Digital

    DatacenterDynamics

  7. 29 Oct 2026 Data Centre

    Vyoma.AI breaks ground on 52 MW AI-ready DC in Chennai

    Vyoma.AI, the integrated AI cloud and hyperscale data center business of L&T, has held the groundbreaking ceremony of its upcoming 52 MW AI-Ready green data center in Chennai, India. This data center is part of L&T’s planned AI Factory campus in Chennai, a gigawatt-scale AI hub that already hosts AI compute…

    W.Media

  8. 29 Oct 2026 Data Centre

    200 neoclouds may face wipeout amid hesitant AI lending: Musk

    Over 200 neoclouds might face demise or consolidation because lenders are reluctant to finance businesses that depend wholly on AI demand,” SpaceX CEO Elon Musk warned in an X post recently. “Debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent…

    W.Media

NeoCloud signals feeding the HYBSIS Outlook

These signals are computed from this module's data and used as evidence in HYBSIS Outlook predictions.

NeoCloud Capacity

Rising

Capacity expansion announced by tracked NeoCloud providers.

Strength
strong
Confidence
high
Observations
152
Latest evidence
30 Oct 2026

GPU Generation Transition

Rising

Adoption of newer accelerator generations across providers.

Strength
strong
Confidence
high
Observations
40
Latest evidence
1 Nov 2026

AI Infrastructure Funding

Rising

Equity, debt and public-market financing for AI infrastructure.

Strength
strong
Confidence
high
Observations
139
Latest evidence
30 Oct 2026

NeoCloud Consolidation

Rising

Mergers, acquisitions and strategic combinations among AI infrastructure providers.

Strength
strong
Confidence
high
Observations
27
Latest evidence
30 Oct 2026