Nebius intends to raise $3.75 billion via convertible loan following Meta, Nvidia deals

Core Insights - Nebius, Europe's largest AI infrastructure firm, plans to raise $3.75 billion through a convertible loan offering [1][5] - This move follows significant deals, including a $27 billion agreement with Meta for AI computing power and a $2 billion investment from Nvidia [2][5] - The funds from the convertible loan will be allocated to finance Nebius's core AI cloud services business [2][5] Financial Performance - In February, Nebius reported a fourth-quarter net loss of $250 million on revenue of $228 million [3] - The company anticipates an annualized revenue run rate of $7 billion to $9 billion by the end of this year, up from $1.25 billion at the end of 2025 [3] - Nebius's 2026 revenue guidance remains unchanged [3]