Key Highlights
- Nebius announced plans to develop a massive AI data center in Lappeenranta, Finland, featuring up to 310 MW capacity — positioning it among Europe’s most significant projects.
- The facility’s estimated valuation exceeds $10 billion, with customer operations projected to commence in 2027.
- Nebius shares have gained 10% year-to-date, significantly outperforming competitors CoreWeave (down 3.4%) and IREN (down 16%).
- Recent strategic partnerships include a $2 billion investment from Nvidia and a cloud computing agreement with Meta valued at up to $27 billion.
- The company aims to secure over 3 GW of contracted power capacity worldwide by year-end 2025, having already locked in 750+ MW across EMEA.
Nebius (NBIS) stock reached $95.31 during Tuesday’s premarket session, climbing 3.3% before regular trading hours.
The AI infrastructure provider has demonstrated impressive momentum entering 2026. Through Monday’s closing bell, Nebius shares have advanced 10% year-to-date, substantially outperforming other neocloud companies. CoreWeave has declined 3.4% over the same period, while IREN has dropped 16%.
The Tuesday morning rally followed Nebius’s disclosure of an ambitious data center development in Lappeenranta, Finland.
The planned facility will feature capacity reaching up to 310 MW, establishing it as one of Europe’s premier AI infrastructure developments. Customer operations are anticipated to launch by 2027.
While Nebius chose not to disclose specific investment figures, Reuters sources estimated the project’s total value surpassing $10 billion.
“This represents a multi-year capital commitment that reflects the substantial demand we’re observing for AI infrastructure capabilities,” a Nebius representative stated. “Our discussions encompass diverse potential clients including AI-focused enterprises, traditional businesses, and academic research organizations.”
Chief Executive Arkady Volozh characterized the Lappeenranta location as “a substantial expansion of our worldwide AI infrastructure deployment strategy.”
Major Strategic Partnerships With Nvidia and Meta
The stock’s robust 2026 performance has been supported by two pivotal agreements. Nvidia announced a $2 billion capital commitment to Nebius earlier this year. Following that announcement, Nebius finalized a cloud computing partnership with Meta Platforms carrying a potential value reaching $27 billion.
These strategic relationships have differentiated Nebius from competing neocloud providers, which have experienced greater volatility driven by retail investor interest and fluctuating market sentiment surrounding artificial intelligence equities.
Operating from Netherlands headquarters while maintaining U.S. market listings, Nebius has established an ambitious target of securing more than 3 GW of contracted power capacity before 2025 concludes.
Across the EMEA region specifically, Nebius has already contracted over 750 MW of power capacity. This includes an AI facility near Lille, France, projected to achieve 240 MW capacity at full deployment.
Contributing to Europe’s Expanding AI Infrastructure Landscape
The Finnish facility announcement arrives amid accelerating European investment in AI infrastructure.
French artificial intelligence company Mistral obtained $830 million in debt financing this week to support a data center development near Paris. The company previously revealed a 1.2 billion euro initiative to establish computing capacity in Sweden.
U.K.-based startup Nscale successfully raised $2 billion this month at a $14.6 billion valuation, with plans for data center construction across Europe and the United States.
Additional recent developments include a 1.4 GW AI campus project in France involving MGX, Bpifrance, Mistral, and Nvidia, alongside Brookfield’s commitment to invest up to $9.9 billion in a Swedish AI data center facility. OpenAI has also announced plans for a Stargate-style installation in Norway, partnering with Nscale.
Earlier this month, Nebius confirmed regulatory approval for its inaugural gigawatt-scale data center, planned for Missouri.
