Applied Digital is developing a 1 GW data center campus in Finland, expanding the GPU cloud provider's infrastructure footprint in Europe.

Applied Digital is expanding into Europe with a gigawatt-scale data center campus in Finland. The Nasdaq-listed firm announced this week that it has entered into an agreement providing access to up to 1GW of potential power capacity in Finland, marking its first development outside the United States. Initial power availability is anticipated to begin in 2028, though full project details have not yet been disclosed.

Applied has begun marketing the site and is currently engaged in discussions with hyperscale customers interested in the capacity.

"Applied Digital has built its platform around identifying the right power in the right markets and turning that power into operational AI capacity," said Wes Cummins, chairman and CEO of Applied Digital. "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."

Founded in 2021 as Applied Blockchain, the company has pivoted away from cryptocurrency toward AI and high-performance computing data centers, signing multiple large-scale deals with hyperscale customers. Its contracted portfolio now spans five AI Factory campuses, totaling 1.4GW of critical IT load and approximately 2.15GW of grid-connected utility power. Applied has projects in operation and development across North Dakota, Louisiana, and Alabama, with CoreWeave and other unnamed hyperscale companies among its customers.

The company still operates two cryptomining sites in Jamestown and Ellendale, North Dakota, which together account for approximately 286MW of capacity. It recently spun off its ChronoScale cloud unit.