European AI infrastructure firm Nebius is building a 310-megawatt data center in Finland, backed by billion-dollar contracts with Meta and Microsoft.
European AI infrastructure company Nebius announced Thursday that it is building one of Europe’s largest data centers amid surging demand for AI computing power.
The facility, located in Lappeenranta, Finland, will have a capacity of up to 310 megawatts and is expected to be operational by 2027, the company said. When fully deployed, it will rank among Europe’s largest data centers dedicated exclusively to AI workloads.
Nebius, headquartered in Amsterdam, builds and operates data centers equipped with high-performance graphics processing units, or GPUs, and provides access to that computing infrastructure to AI developers and enterprise clients. The company also offers specialized software for running AI applications.
The Lappeenranta announcement follows a recent expansion of Nebius’s first data center in Mäntsälä, Finland. The Nordic country has emerged as a preferred destination for data center investment, owing to its low energy costs and cool climate, which significantly reduces the expense of keeping servers from overheating. Nebius has also signaled plans to expand its data center footprint across Europe and the United States.
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The company has secured multi-billion-dollar supply contracts with Meta and Microsoft to provide AI infrastructure. Earlier this month, Nebius closed a $4.34 billion debt financing round.
“We have been building in Finland for many years and are pleased to be expanding our presence here,” said Arkady Volozh, founder and chief executive of Nebius. “Lappeenranta represents a significant addition to our global AI infrastructure build-out, and will make a meaningful contribution to achieving our capacity goals.”
