March 17 (Reuters) - Nebius (NBIS), 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 (META), and a $2 billion investment from ⁠Nvidia (NVDA).

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

Nebius stock fell 5% during premarket hours following the news.

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.

(Reporting by ​Toby Sterling in Amsterdam; Editing ​by Shinjini Ganguli)