1 week ago
6
Reuters
Tue, March 17, 2026 astatine 6:01 AM CDT 1 min read
March 17 (Reuters) - Nebius (NBIS), Europe's largest AI infrastructure firm, said on Tuesday it aims to raise $3.75 cardinal via a convertible indebtedness offering.
The news follows 2 large announcements from Nebius this month, a woody worthy up to $27 cardinal to provide AI computing powerfulness to Meta (META), and a $2 cardinal concern from Nvidia (NVDA).
Nebius said it would usage the proceeds from the convertible loan to finance its core AI unreality services business.
Nebius banal fell 5% during premarket hours pursuing the news.
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At close: March 16 astatine 4:00:01 PM EDT
In February, the fast-growing Nebius reported a fourth-quarter nett nonaccomplishment of $250 cardinal connected gross of $228 million, and said it expected gross to deed an annualized tally complaint of $7 cardinal to $9 cardinal by the end of this year, from $1.25 cardinal at the extremity of 2025.
The institution said connected Monday that its 2026 guidance remains unchanged.
(Reporting by Toby Sterling successful Amsterdam; Editing by Shinjini Ganguli)
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