Data center build-out and expansion
Company: Nebius
The claim, verbatim
Net proceeds will be used for construction and build-out of data centers, expansion of data center footprint, and procurement of key components including GPUs
Source (primary)
Nebius Group announces proposed private offering of $4.50 billion of convertible senior notes - The National Law Review (-, news_article)
View cached copy (2026-09-12)Live source ↗
Quote: “The Company intends to use the net proceeds from the offering of the Notes to finance the continuing growth of its business, including expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs)”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document lists these among the intended uses of net proceeds.
Confirmed in the source:
- Net proceeds are intended for construction and build-out of data centers, expansion of the data center footprint, and procurement of key components including GPUs
What we did: Read our cached copy of the publisher (https://natlawreview.com/press-releases/nebius-group-announces-proposed-private-offering-450-billion-convertible) in full (18,439 characters, retrieved September 12, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Group announces proposed private offering of $4.50 billion of convertible senior notes - The National Law Review
Quote: “The Company intends to use the net proceeds from the offering of the Notes to finance the continuing growth of its business, including expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs)”