Nebius Group said in the third quarter shareholder letter that GPU hourly prices in the third quarter increased by more than 20% on average compared to the second quarter, with an annual contract value of more than 25 million US dollars per megawatt, up from 20 million to 25 million US dollars in the second quarter. The company introduced a new computing power pricing mechanism. Among them, the reserved auction price of computing power is more than 15% higher than the reserve price, some real-time spot prices exceed the on-demand price, and the short-term cluster price exceeds twice the reserved price. Nebius Group said that the first Nvidia Vera Rubin systems have been launched and are being integrated into Nebius AI Cloud to be deployed to customers. The company will also take the lead in deploying Nvidia Vera CPUs to supplement GPU computing power and meet intelligent workload and data processing requirements. Nebius said the current market demand for high-performance CPUs is growing.

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