Nebius Secures 3.5B Citi Facility
AI cloud services firm Nebius has secured a 3.5 billion dollar financing facility from Citi. The funds will support data center development and GPU purchases. The facility matures in 364 days with an initial interest rate.
Xurve View
Insights:
Xurve View
NEBIUS GROUP NV secured a $3.5B financing facility from CITIGROUP INC on Thursday morning to fund data center expansion and GPU purchases. The debt package arrives following a sector-wide selloff in AI infrastructure shares last week. The funding bolsters liquidity as the neocloud provider races to scale capacity for major clients.
