Tue, Oct 6, 2026
Applied Digital secures up to 1 GW potential capacity in Finland
Key points
- Agreement provides access to up to 1 GW of potential power capacity in Finland, the company's first development opportunity outside the U.S.
- Plans a large-scale AI Factory campus capable of scaling to as much as 1 GW.
- Initial power availability anticipated beginning in 2028.
- Site marketing has begun; in discussions with leading global hyperscale customers, no customer signed.
- Structured to limit initial exposure; future investment tied to customer demand, commercial milestones and regulatory requirements.
- Management frames it as a deliberate first step, with near-term priorities still centered on the U.S. pipeline.
Site update
| Site | Status | Active | In build | Theoretical |
|---|---|---|---|---|
FinlandFinland Agreement provides access to up to 1 GW of potential power capacity (stated as power capacity, not IT load); AI Factory campus capable of scaling to as much as 1 GW. Initial power availability anticipated beginning in 2028. Site being marketed; in discussions with hyperscale customers, nothing contracted. First development outside the U.S. | Disclosed | — | — | 1,000 MWgross |