TechCrunch reports that Nebius laid out $40 billion in planned 2027 spending on its earnings call, funded by customer prepayments and contract-backed loans, even as its up-to-$19.4 billion Microsoft contract faces delays at a Vineland, New Jersey data center months behind schedule, where DataOne drew a $1.1 million regulatory fine and a noise-complaint lawsuit. The company cut its 2026 revenue forecast by $200 million, while Bloomberg reports Microsoft is cooling on delayed third-party neocloud deals.