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Nebius acquires $3.5 billlion debt facility with city for its AI data center needs

Nebius acquires $3.5 billlion debt facility with city for its AI data center needs

Photo: Cryptopolitan

AI cloud company Nebius Group has secured a $3.5 billion loan from Citi to build more data centers and buy GPUs. The company announced the deal in a press release and confirmed it on its official X account. Nebius trades on Nasdaq under the ticker NBIS. Where the money goes and what it costs Nebius...

Source: Cryptopolitan

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