Nebius Expands AI Infrastructure with 310 MW Factory in Finland

Event summary

  • Nebius will construct a 310 MW AI factory in Lappeenranta, Finland, with initial capacity available in 2027.
  • The facility will be one of Europe’s largest dedicated AI factories upon completion.
  • Nebius targets over 3 GW of contracted power globally by the end of 2026.
  • The project will create up to 700 construction jobs and 100 permanent positions in the region.

The big picture

Nebius’s expansion in Finland underscores the accelerating demand for high-performance AI compute in Europe. The company is positioning itself as a key player in the AI infrastructure space, competing with global cloud providers and specialized AI compute providers. With over 3 GW of contracted power targeted by the end of 2026, Nebius is rapidly scaling its footprint to meet the needs of AI developers and enterprises worldwide.

What we're watching

Execution Risk
Whether Nebius can deliver the Lappeenranta facility on time and within budget, given its aggressive global expansion plans.
Market Positioning
How this expansion will position Nebius against competitors in Europe’s growing AI ecosystem.
Sustainability Impact
The effectiveness of Nebius’s closed-loop liquid cooling and heat recovery systems in reducing environmental impact.