Nebius raised $775 million by borrowing against its GPUs. It has $40 billion more contracts to securitise.

Nebius raised $775 million in its first secured debt facility, borrowing against deployed GPU infrastructure and contracted cash flows from an investment-grade customer. The facility matures on October 31, 2030, and is priced at SOFR + 2. 50%, roughly 6.

Source: [TNW](https://thenextweb.com/news/nebius-775-million-gpu-backed-debt-financing)