NVIDIA owns 9.3% of Nebius through shares and warrants
NVIDIA has acquired a 9.3% stake in Nebius Group, a company listed on the NASDAQ. The stake comprises 22,256,412 Class A ordinary shares, including 1,190,476 shares already held and 21,065,936 shares issuable through a pre-funded warrant.
The warrant was acquired from Nebius on March 11 and has an exercise price of $0.0001 per share. The private placement that generated the warrant raised approximately $2 billion in gross proceeds for Nebius.
Nebius plans to use the proceeds to support its full-stack AI cloud and construct greenfield data centers. The financing is part of a strategic partnership between NVIDIA and Nebius to develop and deploy hyperscale cloud infrastructure for AI-native businesses and enterprises.
The partnership aims to drive growth in the AI sector, with NVIDIA and Nebius working together to create innovative solutions.