Nebius unveiled plans on Tuesday to construct a brand new AI information middle in Finland, which it says shall be certainly one of Europe’s largest when up-and-running, because the area races to develop the compute infrastructure wanted to energy the AI increase.
The brand new facility shall be based mostly within the Finnish metropolis of Lappeenranta with a capability of as much as 310 MW. Nebius mentioned it expects the info middle to start initially supplying clients by 2027.
“We’ve been constructing in Finland for a few years and are happy to be increasing our presence right here,” mentioned Nebius CEO Arkady Volozh in an announcement.
“Lappeenranta represents a big addition to our world AI infrastructure build-out, and can make a big contribution to reaching our capability targets.”
Europe’s AI buildout
It comes amid a slew of AI infrastructure bulletins throughout Europe.
French AI startup Mistral mentioned Monday it had secured $830 million in debt financing to function a knowledge middle close to Paris. That got here after a February announcement of a 1.2-billion-euro ($1.38 billion) plan to construct information facilities and compute capability in Sweden.
U.Ok. startup Nscale introduced it had raised $2 billion at a $14.6 billion valuation earlier this month, with plans to develop AI information facilities in its dwelling market alongside Europe and the U.S.
In the meantime, 2025 noticed MGX, Bpifrance, Mistral and Nvidia unveil plans for a 1.4 GW AI campus in France and Brookfield mentioned it might make investments as much as $9.9 billion in an AI information middle in Sweden. OpenAI mentioned it might launch a Stargate-style AI information middle in Norway final yr, in partnership with Nscale.
Nebius, which is headquartered within the Netherlands however listed within the U.S., has emerged as certainly one of Europe’s main neoclouds offering AI compute. The corporate is concentrating on greater than 3 GW of contracted energy by the top of this yr. Shares had been up 2.4% in premarket buying and selling.
Nebius shares year-to-date.
Within the EMEA area, Nebius has secured greater than 750 MW of contracted energy, the corporate mentioned, together with an AI manufacturing facility close to Lille, France, that it expects to have a capability of 240 MW when absolutely deployed. Earlier this month, Nebius mentioned it had secured approval for its first gigawatt-scale AI information middle, which might be based mostly in Missouri, U.S.
