Nebius to raise $3bn for AI infrastructure expansion

AI infrastructure company Nebius Group is set to raise $3bn through a new offering of convertible notes alongside a simultaneous offering of the company’s Class A shares. The company will utilise the proceeds to support ongoing business expansion, which includes acquiring additional computing resources and hardware, securing strategic land plots, and enlarging its data centre footprint. The funds will also cover general corporate purposes. In a statement, Nebius said: “We believe this will enable us to ...