AMSTERDAM - ( NewMediaWire) - October 2, 2024 - Following a number of enquiries from potential partners and investors, Nebius Group N.V. (NASDAQ: NBIS) has appointed Goldman Sachs as exclusive financial advisor to review certain strategic options that would enable the company to accelerate planned investments in its core AI infrastructure business.
Arkady Volozh, founder and CEO of Nebius, said:
"We have a strong cash position of over $2 billion and are already investing in building out our network of GPU clusters. With additional resources, we believe we could do this even faster and on a larger scale, enabling us to further capitalize on substantial growth in demand from AI builders globally."
We are continuing discussions with the Nasdaq Listing Hearing Panel and Listing Qualifications Staff regarding the optimal timing to reinstate trading in our Class A shares, in order to ensure the smooth resumption of trading and the establishment of an orderly market in our shares. Once we know Nasdaq's decision regarding the timing, we will be in a position to confirm the date for our investor day. We will keep the market updated.
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