Nebius Asset-Light Business Model: The Cloud Someone Else Pays to Build
How Nebius can earn cloud fees on partner-owned GPUs. Explore owner economics, Palantir, cash flow and our 2030 asset-light scenarios in this free report.
Nebius
Northwise Research
Research and analysis
Follow current views, model reports, and the work behind Northwise portfolio decisions.
Filtered research
24 of 139 published reports
IREN Stock Dilution: Can the Build Reach Shareholders?
IREN stock analysis of AI growth, funding and dilution through 2030. Read our full valuation, 27 scenarios and price zones free. Excel model is Premium.
IREN
Understanding Nebius: A Complete Guide to the Company
Understand Nebius from the ground up: its AI cloud, competitors, subsidiaries, funding, and growth opportunities. A complete NBIS guide with 14 illustrations.
Nebius
Nebius in Europe: Sovereign AI, UK Expansion and Harlow
How European AI sovereignty supports Nebius’s UK expansion, where Harlow fits, and what its potential 4.4 MW deployment could add to Q3 revenue and 2026 ARR.
Nebius
Nebius Pennsylvania: The Full Highridge Footprint Clears Zoning
Nebius has cleared the zoning gate for the full planned Highridge footprint. The back half is more credible, but final land, development, and grid approvals still separate 1.2 GW from reality.
Nebius
IREN Stock Forecast 2030
IREN’s new AI-developer contracts are the strongest evidence yet that it can sell something more valuable than bulk hyperscaler capacity.
IREN
IREN Stock Infrastructure Analysis
Explore IREN data centers in Canada, the US, Australia and Spain, with site studies and clear distinctions between planned power and delivered AI capacity.
IREN
NBIS Stock Forecast 2030
NBIS Stock Forecast 2030: A complete Nebius analysis covering AI capacity, Nvidia, contracts, CapEx, prepayments, revenue, margins, funding, & valuation.
Nebius
CIFR Barber Lake Site
Barber Lake: Fluidstack's contracted capacity, phased delivery, Google's support and the September update on Colorado City's water infrastructure.
Cipher Digital
CIFR Stock Black Pearl Site
Black Pearl: initial AWS capacity delivered and rent begun, remaining construction, the lease structure and the limits of the public technical record.
Cipher Digital
What is WULF Stock?
TeraWulf's current portfolio: Lake Mariner delivery, Anthropic at Justified, Kentucky power approval, later developments and changing site ownership.
TeraWulf
KEEL Scrubgrass Site Analysis
Scrubgrass: legacy generation, the potential 1.3 GW campus and the power, environmental and commercial work still required.
Keel Infrastructure
KEEL Sherbrooke Data Center
Sherbrooke: the conditional consolidation of existing 96 MW into one planned AI campus, land conditions and 2028 service target.
Keel Infrastructure
NBIS Lappeenranta Data Center
Lappeenranta: the planned 310 MW Finnish AI campus, phased delivery and the distinction between design targets and operating capacity.
Nebius
KEEL Sharon PA Data Center
Sharon: the 110 MW gross development, delivered transformers, permitting progress and the path to a signed tenant lease.
Keel Infrastructure
KEEL Panther Creek
Panther Creek: the 350 MW gross campus plan, legacy generation, current approvals and the remaining delivery milestones.
Keel Infrastructure
NBIS London Longcross
Longcross: Nebius's established UK deployment at Ark, purpose-built infrastructure and its place in the wider four-site programme.
Nebius
KEEL Moses Lake Site
Moses Lake: the 18 MW gross development, demolished mining building, delivered Vertiv modules and 2027 service target.
Keel Infrastructure
Iren Oklahoma Site
Kiowa, Oklahoma: IREN’s 1.6 GW planned power position, development timing and the remaining delivery dependencies.
IREN
NBIS Paris Data Center
Paris: Nebius's confirmed PA10 deployment and the distinction between cloud regions, host buildings and tenant allocations.
Nebius
CIFR Stock Data Center Analysis
Cipher's complete named site portfolio, including Apollo, initial Black Pearl rent, contracted campuses and the remaining grid and generation pipeline.
Cipher Digital
Iren Canal Flats Site
Canal Flats: IREN’s 30 MW Canadian campus, existing infrastructure and planned liquid-cooled AI expansion.
IREN
NBIS Minneapolis Minnesota
Minnesota: Nebius documents Woodbury, while the Minneapolis property and 31 MW allocation in the earlier study remain unconfirmed.
Nebius
What is BITF Stock
From Bitfarms to Keel: the five development locations, current commercial stage, Moses Lake equipment progress and the funding questions ahead.
Keel Infrastructure