US EditionNebius to Construct 310 MW AI Factory in Finland
Nebius's $10 billion AI data centre in Lappeenranta will create 700 construction jobs and serve major clients with 310 MW capacity from 2027, boosting Europe's AI infrastructure.
- On Tuesday, Nebius Group announced construction of a 310-megawatt data center in Lappeenranta, Finland, with an estimated value exceeding $10 billion to meet accelerating global AI computing demand.
- Finland offers an attractive environment for data centers due to low energy prices, renewable electricity supply, and cold climate that reduce cooling costs; Lappeenranta met company requirements for quick land availability and grid capacity.
- The development will create 700 construction jobs and 100 permanent roles while utilizing a heat recovery system designed to donate excess server heat to the local district heating network.
- Nebius CEO Arkady Volozh stated the facility will make a "significant contribution" to achieving company capacity goals, which include securing more than 3 gigawatts of contracted power by the end of this year.
- Chief Communications Officer Tom Blackwell noted the Lappeenranta site will be Nebius' largest outside the United States, surpassing the 240-megawatt project announced near Lille, France, in February.
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Why Is Nebius Stock Gaining Tuesday? - Nebius Group (NASDAQ:NBIS)
Nebius Group NV (NASDAQ:NBIS) said on Tuesday it plans to construct a 310 MW AI data center in Lappeenranta, Finland, with initial capacity expected in 2027. The project will be one of Europe's largest AI compute sites and supports the company's goal of exceeding 3 GW of contracted power by 2026. The expansion follows the recent scale-up of its Mäntsälä facility and adds to projects in France and the U.S. Nebius said the site will use advanced N…
Nebius furthers European expansion with $10 billion AI data centre in Finland
HELSINKI, March 31 : AI infrastructure firm Nebius Group on Tuesday said it was continuing its rapid European expansion with a 310-megawatt data centre in Finland, which would be one of the continent's largest with an estimated value of more than $10 billion as demand for AI computing grows.The Amsterdam-base
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