TECH NEWS
Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise.
TL;DR Nebius raised $775M in GPU-backed debt at SOFR + 2.50%, maturing 2030. With $40B+ in Microsoft and Meta contracts, it plans to repeat the structure at scale. Nebius raised $775 million in its first secured debt facility, borrowing against deployed GPU infrastructure and contracted cash flows from an