08:27 AM EST, 03/05/2025 (MT Newswires) -- Nebius Group ( NBIS ) said Wednesday it plans to build a new data center in New Jersey with up to 300 megawatts of capacity as part of its US expansion.

The company said the facility will be developed in phases, with initial capacity expected to be ready by mid-2025.

Nebius ( NBIS ) also said it has added additional capacity at its Kansas City site, with a second phase expected online by the end of Q2, and a new deployment in Iceland, scheduled to be operational by the end of Q1.

Shares of the company were up more than 3% in recent premarket activity.