Data center build-out and full-stack AI cloud development
Company: Nebius
The claim, verbatim
Nebius stated its intention to use net proceeds from the convertible notes offering for data center construction and build-out, full-stack AI cloud development, data center footprint expansion, and GPU procurement
Source (primary)
Nebius Group announces pricing of upsized private offering of $5.0 billion of convertible senior notes - Yahoo Finance (-, news_article)
View cached copy (2026-08-31)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)”
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Additional evidence
confirms Nebius Group announces pricing of upsized private offering of $5.0 billion of convertible senior notes - Yahoo Finance
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)”