We see a significant opportunity to become the leading AI infrastructure player in Europe, with multi-billion-dollar annual revenue potential. Achieving this will require substantial capital investments, which we plan to fund through a combination of sources, including Nebius Group’s balance sheet, as well as public and private equity or debt.
Since going public in 2011, we have built and maintained a strong, trusted relationship with the capital markets, and our track record as good stewards of capital has been consistently rewarded. Preserving this positive reputation will be a key priority as we pursue the next major market opportunity.
We will remain flexible in our strategic approach to the future development of our three additional businesses, exploring opportunities for external investment or co-investment from strategic or financial investors where we believe it will enhance value for our shareholders.