Applied Digital Secures Up to 1 GW of Power Capacity in Finland

GlobeNewswire·6 Oct 2026·Read original

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Semiconductors & Semiconductor Equipment

Summary · why it matters

Applied Digital has entered an agreement providing access to up to 1 gigawatt of potential power capacity in Finland, marking the company's first development opportunity outside the United States. The Dallas-based designer and operator of large-scale data centers for high-performance computing plans to build a large-scale AI Factory campus in Finland capable of scaling to as much as 1 GW, with initial power availability anticipated beginning in 2028. Applied Digital has begun marketing the site and is currently engaged in discussions with leading global hyperscale customers. Chairman and CEO Wes Cummins called Finland a deliberate first step rather than a change in strategy, saying the company's focus remains firmly on executing its projects in the United States while selectively securing sites that can extend its long-term growth runway. The company said future investment and development decisions for the Finland campus will be tied to customer demand, commercial milestones and the achievement of necessary regulatory and development requirements.