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StocksMediumUpdated×2•Originally published 31 March 2026•Updated 31 March 2026•

1 min read

Nebius Group to Build $10 Billion AI Data Center in Finland

Key Facts

1Nebius Group announced the construction of a 310-megawatt data center in Finland.

2 months ago

Version History

3 additional sources confirmed this story

Version 22 months ago

What changed: Update includes the 4.5% rise in Nebius stock, identifies Polarnode as the development partner, and specifies a phased rollout.

Version 12 months ago

What changed: Added the specific location (Lappeenranta), the expected 2027 operational timeline, and context regarding the expansion of the company's existing facility in Mäntsälä.

Amsterdam-based Nebius Group has announced plans to construct a massive 310-megawatt data center in Lappeenranta, Finland, to support intensive AI workloads. The project, valued at over $10 billion, is being developed in collaboration with its Finnish partner, Polarnode. Following the announcement, Nebius shares gained 4.5% as investors reacted positively to the strategic expansion. This new "AI factory" follows the successful expansion of the company's existing facility in Mäntsälä and is expected to come online in phases starting in 2027. With backing from industry leaders like NVIDIA, the facility aims to meet the surging global demand for specialized AI cloud computing services. Analysts view this development as a significant commitment that reinforces Nebius's position within the high-performance computing sector.