Applied Digital Corporation (Applied Digital), an American digital infrastructure provider, has entered an agreement for access to 1 GW of potential power capacity in Finland, marking the company’s first development opportunity outside the United States. The company plans to develop an AI Factory campus at the site, with initial power is expected to become available in 2028.
According to a press release, Applied Digital has begun marketing the site and is discussing the project with global hyperscale customers. The investment and development will depend on customer demand, commercial milestones and regulatory and development requirements.
“Applied Digital has built its platform around identifying the right power in the right markets and turning that power into operational AI capacity, Finland stood out because many of the characteristics that have supported our success in North Dakota are also present in the Nordics a favorable climate, an attractive energy ecosystem, strong connectivity and the ability to develop at meaningful scale,” said Wes Cummins, Chairman and CEO, Applied Digital.
“This is a deliberate first step, not a change in our strategy. Our focus remains firmly on executing the projects in front of us in the United States. At the same time, as we continue building Applied Digital into a category leader in AI infrastructure, we believe it is important to selectively secure compelling sites that can extend our growth runway over the long term.”
Applied Digital has not disclosed how much power would be available at that development stage or where the site is located and when it could reach its full potential capacity. Finland has attracted data center investment from major technology companies, supported by its cooler climate and established power and digital infrastructure.