Nebius Secures $3.75B Funding

Nebius Group NV has successfully raised approximately $3.75 billion through a combination of convertible note and stock offerings. This financial boost follows a significant agreement with Microsoft to supply AI infrastructure. The raised capital is earmarked for expanding Nebius's AI capabilities, including acquiring additional computing resources and securing land for data centres.

The funding comprises a $2.75 billion private offering of convertible senior notes, divided into two series: $1.375 billion in 1.00% notes due in 2030 and $1.375 billion in 2.75% notes due in 2032. Additionally, the company priced a $1 billion public offering of Class A shares. Underwriters have options to purchase additional notes and shares. The offerings are expected to close around September 15, 2025.

Nebius intends to use the net proceeds to fuel business growth, acquire more compute power and hardware, secure land, and expand its data centre footprint. This strategic investment aims to solidify Nebius's position in the rapidly growing AI infrastructure market.