Nebius secures $3.5 billion Citi credit facility to fund AI build-out

Nebius has secured a $3.5 billion credit facility from Citi to fund its AI infrastructure build-out. The debt financing lets the company expand quickly while limiting shareholder dilution, though it adds refinancing risk. There is no direct crypto asset involved, so the relevance to crypto traders is indirect at best, tied to broader AI-compute demand narratives.