Nebius has raised $775 million through a secured debt facility backed by deployed GPU infrastructure and expected cash flows tied to an investment-grade customer. The financing runs until October 31, 2030, and is priced at SOFR plus 2.50%, giving the company a new way to turn its existing AI-related infrastructure into capital.
The structure is notable because it uses GPUs and contracted revenue as collateral rather than relying only on more traditional corporate borrowing. That approach could appeal to companies with large infrastructure footprints and long-term customer agreements, especially as demand for high-performance computing capacity continues to grow.
According to the report, Nebius has more than $40 billion in contracts with Microsoft and Meta that could be used in similar securitisation-style transactions. The company is said to view this first deal as a template it can repeat on a much larger scale, potentially unlocking significant funding from already committed business.
If that strategy holds, Nebius could gain a flexible financing tool tied directly to its deployed hardware and future contracted income. The deal also signals how GPU assets and major customer contracts are becoming important building blocks in the fast-evolving market for AI infrastructure finance.
