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

March 17 (Reuters) - Nebius, Europe’s largest AI infrastructure firm, said on Tuesday it aims to raise $3.75 billion via a convertible loan offering.

The news follows two big announcements from Nebius this month, a deal worth up to $27 billion to provide AI computing power to Meta, and a $2 billion investment from Nvidia.

 

Nebius said it would use the proceeds from the convertible loan to finance its core AI cloud services business.

 

In February, the fast-growing Nebius reported a fourth-quarter net loss of $250 million on revenue of $228 million, and said it expected revenue to hit an annualized run rate of $7 billion to $9 billion by the end of this year, from $1.25 billion at the end of 2025.

The company said on Monday that its 2026 guidance remains unchanged.

 

(Reporting by Toby Sterling in Amsterdam; Editing by Shinjini Ganguli)