Applied Digital to build up to 1 GW campus in Finland
- Applied Digital (APLD) shares rose 2% premarket on Tuesday after the company entered a binding agreement securing access to up to 1 gigawatt of potential power capacity in Finland, marking its first development opportunity outside the U.S.
- Under the agreement, Applied Digital plans to develop a large-scale AI Factory campus that could scale to as much as 1 GW. Initial power availability is expected to begin in 2028.
- The company has started marketing the site and is in discussions with leading global hyperscale customers.
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