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Nebius secures 18MW lease at Merlin Properties data center in Spain, marking neocloud's first market entry on Iberian peninsula.

European neocloud expands geographic footprint; validates Spain as secondary compute hub competing with France, Germany for AI workloads.
Trade pressSlicast · July 4, 2026 · Global · Source: Data Center Dynamics
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Nebius secures 18MW lease at Merlin Properties data center in Spain, marking neocloud's first market entry on Iberian peninsula.

European neocloud expands geographic footprint; validates Spain as secondary compute hub competing with France, Germany for AI workloads.

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In-depth analysis
CommentaryNebius Falls 17% as Meta Cloud Report Tests the Neocloud Premium
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Nebius secures 18MW lease at Merlin Properties… · Slicast