Nebius Group

Money Moves

Nasdaq-listed (NBIS), headquartered in Amsterdam

Nebius Group signed a $3.5 billion secured loan with Citi on October 22 to pay for data centers and GPUs. The facility matures October 16, 2027, and its rate starts at 2.75 percentage points over the Term SOFR benchmark, rising 0.25 points every 90 days to a cap of 3.50.

Updated Oct 23

Money Moves

As of August 2026: Using the same debt model as Lambda with its own Microsoft contract

Lambda, a San Francisco company that buys Nvidia chips and rents computing power to businesses, raised $1 billion in private debt on August 28. JPMorgan arranged the deal; the money buys GPUs that Microsoft has already agreed to lease. It is Lambda's second major debt raise in a month and part of more than $400 billion in AI infrastructure borrowing worldwide in 2026.

Updated Aug 29

Money Moves

As of August 2026: Raising $4.5B in convertible debt to expand data centers

Nebius wants $4.5 billion in borrowed money to buy chips and pour concrete. On August 19, 2026, the Amsterdam AI cloud company launched a private sale of convertible notes, a kind of debt that can later turn into stock. Its shares fell about 13% the same day.

Updated Aug 19

Money Moves

As of June 2026: Acquirer; building a full-stack AI cloud around its Token Factory platform

Training an AI model is a one-time cost. Running it for millions of users, every day, is the bill that never stops. On June 16, 2026, Amsterdam-based cloud company Nebius closed a $643 million deal for Eigen AI, a 20-person U.S. startup whose only product is squeezing more answers out of each chip.

Updated Jun 16