Nebius taps debt markets to fuel rapid AI data center expansion

Nebius is raising up to $4 billion through convertible notes as it accelerates investment in AI-focused data centers and infrastructure. The move follows major commercial momentum, including a multibillion-dollar capacity agreement with Meta. As demand for high-performance computing surges, the company is scaling its global footprint, signaling how capital-intensive AI cloud expansion is becoming in an increasingly competitive hyperscale market.