Thursday, September 11, 2025

AI infrastructure company Nebius to raise $3 billion to fuel growth

The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of the company's class A shares. Nebius said it will use the cash to finance continuing growth, including the acquisition of additional compute power and hardware, securing land plots with reliable providers and expanding its data center footprint.

from Tech-Economic Times https://ift.tt/gpASC9e

No comments:

Post a Comment

OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...