Use of proceeds: data centers and GPU procurement
Company: Nebius
The claim, verbatim
Proceeds from the Citi facility will be used for data center development and GPU procurement, as well as general corporate purposes.
Source (primary)
Nebius secures $3.5 billion financing facility with Citi - Nebius (-, news_article)
View cached copy (2026-10-23)Live source ↗Archive.org ↗
Quote: “The proceeds will be used for data center development and GPU procurement, as well as for general corporate purposes.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Nebius secures $3.5 billion financing facility with Citi - Nebius
Quote: “The proceeds will be used for data center development and GPU procurement, as well as for general corporate purposes.”
confirms Latham Advises on US$3.5 Billion Financing for Nebius - Latham & Watkins LLP
Quote: “The proceeds will be used for data center development and GPU procurement, as well as for general corporate purposes.”