Nebius Group Aims to Raise $4.5 Billion for AI Data Centers

On Wednesday, Nebius Group announced plans to raise $4.5 billion through convertible bonds to expand its AI data centers. The bond offering includes $2.75 billion maturing in 2030 and $1.75 billion in 2034. This move follows heavy investments and contracts with tech giants. The offering has caused a 9.2% drop in Nebius stock. Key financial firms are managing the sale. Investors may have the option to convert bonds into shares. The company focuses on meeting growing AI demands amid rising costs and long-term contracts.