Nebius Group Raises $3.75B Convertible Notes to Accelerate GPU-Backed AI Cloud Build-Out

Nebius via TipRanks·medium signal

Nebius Group announced a $3.75B convertible note offering ($2.0B due 2031, $1.75B due 2033) to fund data center expansion and GPU procurement for its full-stack AI cloud platform. The raise is among the largest single AI infrastructure financing events of 2026, signaling continued capital concentration in GPU-as-a-service infrastructure as demand from agentic workloads accelerates. Nebius positions as a full-stack AI cloud (compute, tooling, managed inference) competing with AWS, Azure, and CoreWeave.