The positive $NBIS news keeps coming: - Nebius raise $775M debt to accelerate growth. Priced very attractively at SOFR + 2.50%. With this, the facility was also "significantly oversubscribed", signalling institutional confidence in the overall quality of Nebius’s assets / counterparties / execution. To the point where they can now use customer contracts to unlock cheaper debt and not dilute shareholders to hell and back. They also touch on that execution piece in their release: "Nebius recently delivered the latest planned capacity tranche to Microsoft, and remains on track to deliver the remaining tranches consistent with the terms of the contracted schedule." Genuinely feels like Nebius have been doing everything in the right way recently. It would be very easy to mess things up and rush things when you've got surging demand and the desperate need to expand quickly. $100B.