Intended use of net proceeds
Company: Nebius
The claim, verbatim
Nebius intends to use net proceeds to finance continuing business growth, including data center construction and build-out, full-stack AI cloud development investments, data center footprint expansion, and GPU and key components procurement
Source (primary)
nebius 8-K exhibit (tm2623617d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
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), and for general corporate purposes.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document lists each stated use of proceeds, matching the claim.
Confirmed in the source:
- Nebius intends to use net proceeds to finance continuing business growth
- Uses include data center construction and build-out
- Uses include investments to develop its full-stack AI cloud
- Uses include expansion of its data center footprint
- Uses include procurement of key components including GPUs
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000110465926098924/tm2623617d1_ex99-1.htm) in full (14,804 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (tm2623617d1_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.”