Nebius to Construct 310 MW AI Factory in Finland
Nebius Group N.V. - Class A Ordinary Shares (NBIS)
Company Research
Source: Business Wire
New Lappeenranta facility will be one of Europe’s largest deployments of AI computeContributes to Nebius’s 2026 target of securing more than 3 GW of contracted power AMSTERDAM--(BUSINESS WIRE)--Nebius, the AI cloud company, today announced the construction of a new AI factory in the Finnish city of Lappeenranta with capacity of up to 310 MW.The first capacity from the Lappeenranta AI factory is expected to be available to customers in 2027, and it will be one of Europe’s largest dedicated AI factories when fully deployed.The construction of the Lappeenranta AI factory follows Nebius’s recent expansion of its first Finnish data center in Mäntsälä up to 75 MW, completed earlier this year. The company plans to expand further in Finland in future as it continues its global capacity build-out.Arkady Volozh, founder and CEO of Nebius, said:“We have been building in Finland for many years and are pleased to be expanding our presence here. Lappeenranta represents a significant addition to
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