Nebius Group N.V. announced a significant new fundraising effort, including a $1 billion public offering of common stock and a $2 billion private offering of convertible senior notes. The capital is intended to support the company's ambitious goal of expanding its cloud computing capacity to one gigawatt by 2026, a substantial increase from its current 220 megawatts. This announcement comes as Nebius continues to build on its strategic partnerships, including a massive, multi-year agreement to provide dedicated GPU capacity for Microsoft's Azure platform. The company also recently launched a new data center in Israel, one of the first in the country to feature Nvidia's top-tier Blackwell chips. Despite the company's stock being down nearly 20% from its recent all-time high, investor sentiment appears positive, with the stock trading up over 5% on the day of the news.