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Nebius Raises $1 Billion in Debt to Fuel AI Cloud Expansion
ByAinvest
Tuesday, Jun 3, 2025 6:26 am ET1min read
Nebius Group, a cloud computing company backed by Nvidia, has raised $1 billion in convertible debt to fuel its expansion. The debt is in two tranches: $500 million due in 2029 and $500 million due in 2031. The funds will be used to finance infrastructure and expand its data center footprint. Nebius plans to compete with cloud operators like CoreWeave Inc.
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