# data center revenue — X 热门讨论 (2026-09-24 21:05 UTC)

## @Normal_2610 (Normal Guy) · 09-24 17:09 · ♥89 ↻13 💬2 India needs about 50 different high purity gases to make semiconductor chips, but makes only about 12 of them domestically

Waaree Clean Energy Solutions just announced it will start producing some of these gases at its Dahej plant in Gujarat, starting with ammonia, phosphine, and silane. At Semicon India 2026 last week, over 25 partnerships were signed to build domestic chip supply chains.

Waaree is not waiting for fabs to arrive first, it is building supply before demand and locking in early positioning

Waaree created two new data center subsidiaries in September 2026 through Waaree Green Data Centers. Gujarat now requires all new data centers to get at least 51% of power from renewable sources.

Waaree already makes over 22 GW of solar modules and over 5 GW of cells. Company is setting itself up to supply both electricity and process gases to chips and data centers, two markets growing in parallel and both needing clean energy at scale

Waaree now covers solar modules, cells, ingot and wafer production, specialty gases, and data centers. In US it secured over 1 GW of orders in Q1 FY26, driven by AI data center power demand.

Texas plant runs at over 1 GW capacity, heading to 5 GW by 2027. Revenue grew 31% to 4,597 crore and profit jumped 92% to 772 crore in Q1 FY26.

What seems like scattered expansion is one connected chain, from making silicon to powering servers to supplying gases for chip fabs, all under one corporate roof

Quite Big Ambition will take time and Capex :) Valuation now at comfortable zone but >> https://x.com/Normal_2610/status/2103169991541698647

## @MelvinInvests (Melvin) · 09-24 16:16 · ♥56 ↻9 💬3 This is the reason why Nebius will continue to go even higher.

Nebius is generating increasingly more contracted annual revenue from every gigawatt of power capacity it builds. This chart shows annual recurring revenue per gigawatt rising from approximately $6 billion in the third quarter of 2025 to $12 billion in the second quarter of 2026. BNP Paribas estimates that Nebius new second quarter contracts reached approximately $20 billion of ARR per gigawatt, while short term third quarter contracts could reach $40 billion per gigawatt when that capacity is delivered in 2027. That would be more than six times the $6 billion level recorded in 2025. Now that does not mean Nebius is already generating $40 billion in annual revenue but it does mean that each future gigawatt of infrastructure could support much more contracted revenue than before.

The increase ie because of stronger demand for newer Nvidia systems, larger customer contracts and premium pricing for reliable managed AI infrastructure. Nebius has also raised its standard GPU prices, increased Token Factory inference pricing and introduced dynamic spot pricing for spare capacity. Together, these moves allow Nebius to charge more for guaranteed capacity and that can increase revenue per GPU. Higher revenue per gigawatt can dramatically improve data center economics. The cost of land, power connections, buildings and cooling does not necessarily increase as quickly as contract revenue, so a larger portion of the additional revenue could eventually flow into gross profit and operating income.

Long term contracts also give Nebius better revenue visibility before the capacity becomes operational. That can help the company secure financing, purchase additional GPUs and build more data centers because lenders can see contracted demand supporting the investment. The potential flywheel is pretty straightforward, Nebius signs larger contracts, those contracts unlock financing, the financing funds more capacity and the additional capacity allows Nebius to sign even larger customers.

Bullish on Nebius and make sure to follow @MelvinInvests for more insights. https://x.com/MelvinInvests/status/2103156690577481908