Nebius Group NV intends to raise $3 billion through a combination of convertible notes and new shares. This financial move follows closely on the heels of a significant agreement with Microsoft to supply AI infrastructure. The funds are earmarked for acquiring land, boosting computing power, and expanding data centre capabilities.
The capital raise includes $2 billion in convertible notes and $1 billion in equity. Nebius plans to use the raised capital to fund business growth, acquire additional computing hardware, secure strategic land plots, and expand its data centre footprint. The Microsoft deal could generate $17.4 billion in revenue through 2031, with potential expansions adding another $2 billion.
Nebius is issuing $2 billion in convertible senior notes in two series: $1 billion due in 2030 and $1 billion due in 2032. The company also intends to grant underwriters an option to purchase additional shares. This financial strategy aims to aggressively scale its global data centre portfolio and broaden its customer base.
