Applied Digital Secures Up to 1 GW of Potential Power Capacity in Finland, Marking First International Development in the Nordics
Key Highlights
- ➤Applied Digital (APLD) secures access to up to 1 GW of potential Finland power capacity
- ➤Finland marks Applied Digital’s first development opportunity outside the United States
- ➤Initial Finland power availability is anticipated beginning in 2028
- ➤Applied Digital is marketing the site and discussing it with global hyperscale customers
- ➤Company says future investment depends on demand, commercial milestones, and regulatory requirements
Expert Statements
Wes Cummins, Chairman and CEO of Applied Digital
“Applied Digital has built its platform around identifying the right power in the right markets and turning that power into operational AI capacity”
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.”
Wes Cummins, Chairman and CEO of 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.”
Wes Cummins, Chairman and CEO of Applied Digital
“Our ability to scale is not about planting flags in as many markets as possible”
Wes Cummins, Chairman and CEO of Applied Digital
“It is about identifying exceptional sites and applying the same disciplined model repeatedly. We have demonstrated that model across our U.S. portfolio. Finland gives us the opportunity to begin proving that platform can travel.”
DALLAS, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Applied Digital (NASDAQ: APLD), a U.S. based designer, developer, owner and operator of large-scale, purpose-built data centers to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and other accelerated-compute applications, today announced it has entered into an agreement providing access to up to 1 gigawatt (GW) of potential power capacity in Finland, representing the Company’s first development opportunity outside of the United States.
With this agreement, the Company plans to build a large-scale AI Factory campus capable of scaling to as much as 1 GW. Initial power availability is anticipated beginning in 2028. Applied Digital has begun marketing the site and is currently engaged in discussions with leading global hyperscale customers.
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