Nebius Group N.V. plans to offer $3.75 billion in convertible senior notes through a private placement. The offering includes $2.0 billion in notes maturing in 2031 and $1.75 billion due in 2033. Initial purchasers maintain an option to acquire additional notes.
The company will use the proceeds to finance data center construction and AI cloud infrastructure development. Capital will also fund the procurement of essential hardware components, including GPUs.
This capital raise follows a multi-billion dollar AI infrastructure agreement with Meta. Nebius recently secured a strategic investment from NVIDIA to accelerate its operational scaling.