StartupsThe Next Webabout 1 hour ago
Nebius borrows $3.5bn from Citi for AI
3 min read
Nebius Group signed a $3.5 billion loan facility with Citigroup on Thursday to build AI data centers and buy GPUs. The secured deal runs for 364 days with interest starting at Term SOFR plus 2.75%. Nebius holds over $40 billion in long-term customer commitments while noting computing capacity prices are rising faster than expected.
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