Nebius (#NBIS) cleared an important regulatory hurdle for its $17.4 billion Microsoft (#MSFT) agreement after Vineland's Planning Board approved Phase 2 of its New Jersey AI data center. The expansion adds approximately 600,000 square feet and could increase the site's capacity from roughly 300 MW to 350 MW. Sector: AI Infrastructure / Data Centers Key Highlights 🤝 Supports $17.4B Microsoft agreement 🏗️ Phase 2 of New Jersey AI data center approved 📐 Adds approximately 600,000 sq. ft. ⚡ Potential capacity expansion from ~300 MW to ~350 MW 💻 Supports Nebius' AI infrastructure delivery commitments 🏢 Strengthens its relationship with Microsoft Why It Matters The approval removes an important development hurdle and supports Nebius' ability to build the capacity required under its major Microsoft agreement, strengthening its position in the rapidly expanding AI infrastructure market. Read More: https://www.thinksabio.com/reports/isr/NBIS