The new data centre will be Nebius's largest outside the US.
European AI infrastructure company Nebius today said it was constructing one of Europe’s largest data centres, as the demand for AI compute shows no signs of slowing down.
The data centre, located in the Finnish city of Lappeenranta, has a capacity of up to 310 megawatts and is expected to be up and running by 2027, Nebius said.
The Amsterdam-based company said the data centre, which will be used to train AI models and run AI applications, will be one of Europe’s largest dedicated AI data centres, when fully deployed.
Nebius, which is sometimes referred to as a neocloud, builds and operates data centres, packing them with GPUs, then offers access to these data centres to AI and enterprise companies needing compute power, as well as offering them specialised software to run AI applications.
Nebius recently expanded capacity of its first data centre in Mäntsälä, Finland, and says it plans to expand further in Finland, which due to low energy prices and cool climate helping cut cooling costs, is seen as attractive to building data centres. Nebius also has plans to scale up its data centre offering in Europe and the US.
Nebius has bagged multi-billion dollar contracts with Meta and Microsoft to supply them with AI infrastructure and power.
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 our global AI infrastructure build-out, and will make a significant contribution to achieving our capacity goals.”
Earlier this month Nebius closed a $4.34bn debt funding round.