NBIS announced a multi-billion dollar agreement with Microsoft (MSFT) for AI infrastructure, totaling $17B over 7 years ($2.4B annually). This deal significantly boosts NBIS's revenue projections, potentially increasing their 2025 revenue by 3x year-over-year from their projected $625M. Investors should monitor NBIS's financing strategy updates as they plan to fund capital expenditures through cash flow, debt, and other options.