Lambda inks $1B private debt for Nvidia chip deal

Lambda has raised about $1B of private short-dated debt arranged by JPMorgan to buy Nvidia GPUs that Microsoft will lease, according to Bloomberg. The same structure funds Nebius, which borrowed $775M against its own chips and holds a five-year Microsoft contract worth $19.4B. Lambda has raised about $1B of private debt to buy Nvidia chips […] This...

• Published date: 28-08-2026 05:43 PM