Applied Digital has signed an agreement providing access to up to 1 GW of potential power capacity in Finland, marking the Nasdaq-listed company's first development outside the United States. Initial power availability is anticipated beginning in 2028, though full project details have not been disclosed. CEO Wes Cummins cited Finland's climate, energy ecosystem, and connectivity as factors similar to conditions that supported the company's North Dakota operations. Applied Digital's contracted portfolio now spans five AI Factory campuses totaling 1.4 GW of critical IT load and approximately 2.15 GW of grid-connected utility power, with customers including CoreWeave.
The Finland agreement represents a geographic expansion for Applied Digital beyond its existing U.S. footprint in North Dakota, Louisiana, and Alabama, reflecting growing hyperscaler demand for AI capacity in Nordic markets. A 1 GW commitment, if fully developed, would be one of the largest single data center power agreements in Northern Europe and signals that U.S.-based AI infrastructure developers are competing for European power sites.
Applied Digital's 1 GW campus announcement in Finland marks a significant international expansion and large-scale construction commitment, relevant to global data center buildout trends and the European market.