Dutch firm Nebius Group has entered into a $3.5 billion credit agreement with American bank Citi aimed at developing data centers and acquiring GPUs. The financing term spans 364 days, with an initial interest rate set at SOFR plus 2.75 percentage points, potentially increasing to 3.5 percentage points. In addition to this credit line, Nebius is exploring further capital-raising options, including loans tied to long-term contracts with investment clients, expected to exceed $40 billion. Previously, in July, the company secured $775 million in secured funding to enhance its AI cloud platform.