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22 October 2026

Nebius secures $3.5bn loan from Citi as AI computing prices rise

First reported

CNBC ran this on , a day before the next source picked it up.

  • Nebius, an Amsterdam-based AI cloud company that rents out computing power, signed a $3.5 billion loan with Citi to fund data centres and chip purchases.
  • The loan runs 364 days at a benchmark interest rate plus 2.75% a year, which can rise to 3.50%.
  • Nebius's chief revenue officer said computing prices are rising faster than expected and that its 2027 capacity would sell out.

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Written by Newskeryx from which newsletters covered this story and from our own archive.

Reported by The Next Web, CNBC