Cerebras Announces 165 MW AI Data Center in Finland with Initial Phase Under Construction
Cerebras Systems (NASDAQ: CBRS) has announced a major expansion of its AI infrastructure through the development of a 165 MW data center in Mikkeli, Finland. The project is being developed in partnership with Compute Nordic Finland and includes an initial phase of 50 MW already under construction. This capacity will expand to 80 MW before reaching full build-out. Multiple service orders covering seven-year terms support the development. The facility incorporates closed-loop cooling systems and heat recovery infrastructure, aiming for energy efficiency while supporting local thermal needs. The project is expected to bring significant economic benefits including up to €1.7 billion in regional investment, 250 direct jobs, and annual property-tax revenue of up to €2.5 million. Cerebras' Mikkeli data center represents a key part of its European expansion strategy, contributing significantly toward the company's goal of achieving 200 MW of AI compute capacity across Europe by late 2027.
Tickers: $CBRS
Topics: AI data centers green technology infrastructure investment