Overview
- Independence City Council approved a Chapter 100 industrial development plan, enabling construction of a roughly 400‑acre AI factory campus with capacity up to 1.2 gigawatts.
- The project is slated to generate about 1,200 construction jobs during build‑out and around 130 permanent high‑tech roles once operational.
- Under the agreement, Nebius will make payments in lieu of taxes projected to exceed $650 million over 20 years to the city, schools, and other local jurisdictions.
- The company says the campus will use closed‑loop cooling, integrate noise‑reduction technology, and connect to Independence Power & Light in a structure designed to avoid increases to residential rates.
- NBIS shares rose as much as 10.3% intraday on the news, as investors weighed rapid 2025 revenue growth to $530 million alongside ongoing losses and an expansion plan targeting 16 global sites by the end of 2026.