智通财经网·2025-09-11 09:53Core Insights - Nebius Group has raised approximately $3.75 billion through the sale of convertible bonds and stock, with a significant contract signed with Microsoft related to cloud AI computing resources [1] - The company increased its convertible bond issuance from an initial plan of $2 billion to $2.75 billion, alongside selling about $1 billion in new shares priced at $92.50 each [1] - Nebius's stock price has surged 237% year-to-date, closing at $93.39, with a single-day increase of nearly 50% [2][3] Financial Details - The convertible bonds were issued in two tranches, each raising about $1.375 billion, with maturities in 2030 (1% interest) and 2032 (2.75% interest) [1] - The conversion price for these bonds is set at $138.75 per share, reflecting a 50% premium over the stock sale price, indicating strong market demand for the company's financial instruments [1] Strategic Partnerships - The partnership with Microsoft, valued at nearly $20 billion, aims to secure AI cloud computing capabilities from Nebius, expected to generate $17.4 billion to $19.4 billion in revenue by 2031 [3] - Microsoft’s choice of Nebius is attributed to its rapid delivery capabilities, extensive AI server clusters, and alignment with NVIDIA's high-performance AI GPU roadmap [3][4] Market Positioning - Nebius is positioned as a leader in the "AI dedicated cloud" sector, focusing on faster delivery and optimized training/inference stacks for large model developers and enterprises [4] - The company operates large-scale AI server clusters in both the EU and the US, including significant data centers in Finland and upcoming facilities in New Jersey, enhancing Microsoft's capacity in North America and Western Europe [5][6]