$NBIS ⏰ DYNAMIC SPOT PRICING IS LIVE “We ran the cycle and we priced too low. 15% lower than the market was willing to pay and even 20% less in the pipeline.” Nebius did not argue with the market. They measured it. Then they did their engineer thing and built a system: Auctions now set the market price for capacity you actually keep. Customers bid, the winner gets the GPUs for the term. That price is the reference for longer contracts, not a number sales guessed. The other layer is spare capacity: "preemptible virtual machines", GPUs you can use until someone else needs them. They can be switched off and handed back. For those, an algorithm now posts a live price every 15 minutes, from what is free, what people are asking for, and what they have paid before in that specific region. Find the gap. Close it with a system. That is Nebius.