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A new legal filing in Greene vs Nebius says the City of Birmingham helped the foreign-owned company evade its Data Center Moratorium.

Jun 24, 2026

How the Nebius AI Mega Factory Land Went from Being Worth $20 Million to $90 Million in 71 Minutes

Timeline infographic of six recorded property deeds for the Nebius AI Mega Factory site in Oxmoor Valley, listing the date, time, buyer, seller, and sale price of each — from a $17.2 million sale at 10:06 AM on October 1, 2025 to an $83.5 million sale of the same anchor parcel 71 minutes later, with totals showing $20 million paid to the original landowners and $90 million recorded by the buyer.

On the morning of October 1, 2025, the anchor parcel of the Nebius AI Mega Factory site, 201 Milan Parkway in Oxmoor Valley, changed hands three times in seventy-one minutes.

At 10:06, Regions Bank sold it to Lakeshore Data Center for $17.2 million.

Sixteen minutes later, Lakeshore Data Center sold the same parcel to 201 Milan Birmingham for $27 million.

Fifty-five minutes after that, it sold again, to Alabama ADC Holdings, the Nebius affiliate, for $83.5 million.

Across the full site, the parties who owned the land, Regions Bank and U.S. Steel, received about $20 million. By 11:17 that morning, $90 million had been recorded.

The figures are drawn from the recorded deeds and the First Amended Complaint in Greene v. Nebius, now before the Circuit Court of Jefferson County.

The timeline is laid out in the infographic, in the order the deeds were recorded, with the time and the sales price at each step.

Click the infographic for an enlarged view.

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