According to CoinMeta, Nebius released its Q2 financial report, showing revenue of $584 million, a year-on-year increase of nearly 500%. The company's stock price rose by 34% after the release of the financial report, and since the fund Leopold Aschenbrenner liquidated its holdings, the stock price has increased by a cumulative 77%. Nebius sells one terawatt of AI capacity for an annual contract value between $20 and $25 million. Previously, Nebius was one of the largest holdings of the Situational Awareness fund, which was forced to liquidate its portfolio after Citadel acquired it.