Nebius plans $10 billion AI data center in Finland near Russian border
Nebius announces major AI data center investment in Finland.
Nebius Group is set to construct a $10 billion AI data center in Lappeenranta, Finland, strategically located near the Russian border. This facility, with a capacity of 310 megawatts, will be one of Europe's largest AI data centers and is expected to begin phased operations in 2027. The decision to establish the center in Finland is influenced by the country's low energy costs and renewable resources, which will help reduce operational expenses.
Key Takeaways
- 1.
The data center will have a capacity of 310 megawatts.
- 2.
Nebius has secured contracts worth over $40 billion with Microsoft and Meta.
- 3.
The facility is set to launch in phases starting in 2027.
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