March 17 (Reuters) - Nebius, Europe's largest AI infrastructure ​firm, said on Tuesday it aims ​to raise $3.75 billion via a convertible ⁠loan offering.

The news follows two ​big announcements from Nebius this month, ​a deal worth up to $27 billion to provide AI computing power to Meta, and a $2 billion ​investment from Nvidia.

Nebius said it would ​use the proceeds from the convertible loan to ‌finance ⁠its core AI cloud services business.

US-listed Nebius shares dropped 5.4% in premarket trading.

In February, the fast-growing Nebius reported a fourth-quarter net loss of $250 million on ​revenue of $228 ​million, ⁠and said it expected revenue to hit an annualized ​run rate of $7 billion to $9 ​billion ⁠by the end of this year, from $1.25 billion at the end of 2025.

The ⁠company ​said on Monday ​that its 2026 guidance remains unchanged.