Use of Citi bridge proceeds
Company: Nebius
The claim, verbatim
Proceeds of the Citi facility will go to data center development, GPU procurement and general corporate purposes. The company says the facility gives it flexibility over the timing and structure of further capital raising.
Source (primary)
Why Nebius Took a One-Year Loan to Build for Five-Year Contracts - Global Data Center Hub (-, news_article)
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Quote: “Proceeds go to data center development, GPU procurement and general corporate purposes, according to the company announcement”
How we checked this
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Additional evidence
confirms Why Nebius Took a One-Year Loan to Build for Five-Year Contracts - Global Data Center Hub
Quote: “Proceeds go to data center development, GPU procurement and general corporate purposes, according to the company announcement”