Key Highlights
- Nebius announced plans to construct an AI data center in Lappeenranta, Finland, featuring capacity of up to 310 MW — positioning it among Europe’s most significant facilities.
- The Lappeenranta project carries an estimated valuation exceeding $10 billion, with customer operations anticipated to commence in 2027.
- NBIS shares have gained 10% since the start of the year, significantly outperforming competitors CoreWeave (down 3.4%) and IREN (down 16%).
- Recent strategic partnerships include a $2 billion capital injection from Nvidia and a cloud infrastructure agreement with Meta valued at up to $27 billion.
- The company aims to achieve over 3 GW of contracted power capacity worldwide by year-end 2025, having already locked in 750+ MW across the EMEA region.
Nebius (NBIS) shares were changing hands at $95.31 during premarket hours on Tuesday, reflecting a 3.3% increase before the market’s opening bell.
Nebius has demonstrated impressive momentum entering 2026. The AI infrastructure provider has posted a 10% gain year-to-date through Monday’s trading session, while competing neocloud companies have experienced headwinds. CoreWeave has declined 3.4% during the same period, and IREN has tumbled 16%.
Tuesday’s upward movement followed Nebius’s disclosure of a substantial data center initiative in Lappeenranta, Finland.
$NBIS is going big in Europe 🚀
$10B investment for a massive 310 MW AI data centre in Lappeenranta, Finland 🇫🇮 – one of the continent’s largest dedicated AI factories.
First capacity online in 2027. This will be Nebius’ biggest site outside the US, powering AI training &… pic.twitter.com/rcfwMpDivN
— Cernunnos Capital (@CernunnosCap) March 31, 2026
The proposed facility will feature capacity reaching 310 MW, establishing it as one of Europe’s most ambitious AI infrastructure undertakings. Nebius anticipates initial customer service availability beginning in 2027.
Nebius chose not to disclose specific investment amounts for the initiative, though Reuters placed the estimated value above $10 billion.
“This represents a multi-year capital commitment that reflects the substantial demand we’re witnessing for AI infrastructure,” stated a Nebius representative. “We’re in discussions with various potential clients spanning AI-native organizations, corporate enterprises, and academic research facilities.”
CEO Arkady Volozh characterized the Lappeenranta location as “an important milestone in our worldwide AI infrastructure expansion strategy.”
Major Strategic Partnerships With Nvidia and Meta
The stock’s impressive 2026 trajectory has been bolstered by two critical strategic agreements. Earlier this year, Nvidia pledged a $2 billion equity investment in Nebius. Following that development, Nebius entered into a cloud infrastructure partnership with Meta Platforms carrying a potential value reaching $27 billion.
These strategic arrangements have distinguished Nebius from competing neocloud providers, which have experienced greater price fluctuations driven by retail investor activity and evolving market sentiment surrounding artificial intelligence equities.
Nebius maintains its corporate headquarters in the Netherlands while trading on American exchanges. The organization has established a goal of securing more than 3 GW of contracted power capacity before the conclusion of this year.
Within the EMEA territory specifically, Nebius has contracted over 750 MW of power capacity. This figure encompasses an AI facility located near Lille, France, projected to achieve 240 MW capacity upon complete deployment.
Contributing to Europe’s Expanding AI Infrastructure Landscape
The Finnish facility announcement arrives amid accelerating investment in European AI infrastructure.
French artificial intelligence company Mistral obtained $830 million in debt financing this week to support a data center project near Paris. Earlier in the year, it unveiled a 1.2 billion euro initiative to establish computing capacity in Sweden.
U.K.-based startup Nscale successfully raised $2 billion at a $14.6 billion valuation this month, with plans for data center development across Europe and the United States.
Additional recent developments include a 1.4 GW AI campus in France involving MGX, Bpifrance, Mistral, and Nvidia, alongside Brookfield’s commitment to invest as much as $9.9 billion in a Swedish AI data center. OpenAI has also revealed intentions to establish a Stargate-inspired facility in Norway, partnering with Nscale.
Earlier this month, Nebius confirmed it had obtained regulatory approval for its inaugural gigawatt-scale data center, planned for construction in Missouri.
