$NBIS Group has secured a $3.5 billion senior secured financing facility from Citi, giving the AI cloud company additional funding flexibility as it prepares for its next phase of expansion in 2027 and beyond.

AI infrastructure requires enormous upfront investment in GPUs, power and data centers. The facility gives Nebius additional capital tod expand capacity without immediately relying entirely on another equity raise.

But holders should know that $3.5 billion in financing is not $3.5 billion in new revenue or profit.

This strengthens the argument that the company has multiple ways to finance its AI infrastructure expansion beyond issuing shares.