Nebius Announces Plans For $3 Billion Fundraise Following Microsoft Deal

Nebius Group NV (NBIS) on Wednesday announced plans to raise up to $3 billion to fund its expansion plans following a deal with Microsoft Corp. (MSFT) to provide the Windows maker with artificial intelligence infrastructure.

Nebius plans to raise $2 billion via convertible notes and $1 billion through equity shares, the company said in a filing with the U.S. Securities and Exchange Commission (SEC).

Nebius’ shares were down 2.59% in Wednesday’s opening trade, while Microsoft’s shares edged up by 0.11%. Retail sentiment on Stocktwits around Nebius trended in the ‘extremely bullish’ territory, while users felt ‘bullish’ about Microsoft.

The company acknowledged deals such as the one with Microsoft as “important incremental sources of growth,” while adding that it intends to use the funds raised to fund the growth of its business, as well as for the acquisition of additional compute power and hardware, and securing strategic, high-quality, and well-located land plots with reliable providers.

In a regulatory filing on Monday, Nebius said the total contract value of the Microsoft deal is $17.4 billion through 2031. The Windows maker also has the option to increase this contract value by an additional $2 billion, it said.

“We believe this will enable us to aggressively grow our core business in 2026 and beyond as we aim to scale our global data center portfolio, including through new greenfield sites, and the expansion of our customer base, from AI native tech startups to larger enterprises,” Nebius said in its SEC filing.

NBIS stock is up 237% year-to-date, while MSFT stock is up 18%.

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