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    Nebius Group NV (NBIS)

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    Nebius Group N.V. (NASDAQ: NBIS) is a technology company specializing in AI infrastructure and related services. The company develops and operates a full-stack AI-centric cloud platform, offering compute, storage, and tools for building and running AI models. Its portfolio includes advanced AI infrastructure, data solutions, educational platforms, and autonomous driving technologies.

    1. Nebius (AI Infrastructure Business) - Provides AI-centric cloud platforms and infrastructure, including large-scale GPU clusters, cloud software, and tools for developers to build and run AI models.
    2. Toloka - Offers data solutions for AI development, focusing on Generative AI projects and supporting stages from training to evaluation.
    3. TripleTen - Operates an edtech platform that reskills individuals for tech careers, emphasizing student enrollments and bookings growth.
    4. Avride - Develops autonomous driving technology for self-driving cars and delivery robots, with strategic partnerships to enhance market presence.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    MLU B.V.

    2023

    Yandex acquired Uber's remaining 28.98% interest in MLU B.V. for $702.5 million in cash, consolidating its mobility business and replacing an earlier call option, with the acquisition treated as an equity transaction and subject to full regulatory approvals.

    Delivery Club

    2022

    Yandex acquired 100% of Delivery Club for RUB 38,620 million by divesting its News and Zen platforms to VK, marking a strategic exit from media to focus on e-commerce, mobility, and delivery, with key assets allocated to goodwill and intangible asset amortization.

    Recent press releases and 8-K filings for NBIS.

    Nebius Group N.V. Announces $1B Convertible Notes Private Placement
    NBIS
    Debt Issuance
    • The company entered into subscription agreements on June 2, 2025 for a $1 billion private placement of senior unsecured convertible notes split into two tranches: $500 million at 2.00% due 2029 and $500 million at 3.00% due 2031.
    • The net proceeds from the issuance will finance growth initiatives, including expanding its data center footprint and acquiring additional compute power.
    • The notes feature an initial conversion rate of 19.4363 Class A shares per $1,000, implying an initial conversion premium of about 40% over the last reported share price, with effective premiums at maturity of approximately 68% and 75% for the 2029 and 2031 notes respectively.
    Jun 5, 2025, 12:00 AM
    Nebius Group Announces Private Placement of Convertible Notes
    NBIS
    Debt Issuance
    New Projects/Investments
    • Nebius Group has announced a private placement of $1 billion in convertible notes split into two tranches: $500 million at 2.00% due 2029 and $500 million at 3.00% due 2031 ( ).
    • The net proceeds will be used to finance growth initiatives including expanding data centers and increasing compute capacity, and the Notes are convertible into Class A ordinary shares under specified conversion terms ( ).
    Jun 2, 2025, 12:00 AM
    Nebius Group Announces Series C Investment Participation
    NBIS
    New Projects/Investments
    • Nebius Group confirmed its participation in ClickHouse's Series C funding round to support the hypergrowth of its core AI infrastructure business.
    • The company emphasized that the crystallized value of non-core assets provides billions in funding potential, underpinning their expansion plans.
    May 30, 2025, 12:00 AM
    Nebius Group Appoints Marc Boroditsky as Chief Revenue Officer
    NBIS
    Management Change
    Hiring
    Revenue Acceleration/Inflection
    • Marc Boroditsky has been appointed as Chief Revenue Officer, bringing a strong global go-to-market track record from roles at Twilio, Cloudflare, and Oracle.
    • The appointment is part of Nebius Group’s plan to scale its operations to achieve multiple billions of dollars in revenue by expanding its global sales team.
    • Nebius, a leading AI infrastructure company with a global presence and advanced full-stack AI technologies, aims to solidify its market leadership in AI infrastructure.
    May 28, 2025, 12:00 AM
    Nebius Group Q1 2025 Letter to Shareholders Summary
    NBIS
    Earnings
    New Projects/Investments
    Revenue Acceleration/Inflection
    • The letter highlights strong Q1 performance with $55.3 million in revenue (up 385% YoY) and an annualized run-rate revenue of $249 million (up 684% YoY).
    • It emphasizes rapid global expansion—from one location to five—and projects achieving $750 million to $1 billion in ARR by year-end.
    • The update notes robust financial backing with $1.44 billion in cash at quarter-end and $544 million in CapEx during Q1, underscoring significant investment in growth.
    May 20, 2025, 12:00 AM
    Nebius Group N.V. Announces Strategic Investment in Toloka
    NBIS
    New Projects/Investments
    Board Change
    • Bezos Expeditions is introduced as the lead investor in Nebius' AI data business Toloka, marking a pivotal strategic investment.
    • The funding is expected to significantly accelerate Toloka’s growth and enhance its market positioning in high-quality AI data solutions.
    • Nebius will retain a major economic stake in Toloka but will relinquish majority voting control, aiming for greater governance flexibility and independence for Toloka.
    May 7, 2025, 12:00 AM