Intended use of offering proceeds
Company: Nebius
The claim, verbatim
Net proceeds intended for data center construction and build-out, full-stack AI cloud development, data center footprint expansion, GPU and key component procurement, and general corporate purposes
Source (primary)
nebius 8-K exhibit (tm2623863d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-08-30)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), and for general corporate purposes”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The release lists each of these intended uses of the net proceeds from the notes offering.
Confirmed in the source:
- Net proceeds are intended for construction and build-out of data centers
- Net proceeds are intended for investments to develop its full-stack AI cloud
- Net proceeds are intended for expansion of its data center footprint
- Net proceeds are intended for procurement of key components, including GPUs
- Net proceeds are intended for general corporate purposes
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex99-1.htm) in full (7,297 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2623863d1_ex99-1.htm)
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), and for general corporate purposes”