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Yandex N : Nebius to triple capacity at Finland data center to 75 MW
Amsterdam, October 8, 2024 - Nebius (NASDAQ:NBIS), a leading AI infrastructure company, today announced that it will triple the capacity of its data center in Mäntsälä, Finland. The current expansion phase will enable Nebius to place up to 60,000 GPUs at the Mäntsälä location alone, with annual
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Nebius is tripling Nvidia GPU capacity at its AI data centre in Finland
A small village north of Helsinki will soon house around 60,000 highly sought-after Nvidia GPUs "Welcome on board. I have been tasked with taking you to Mäntsälä -- in the middle of nowhere," the minivan driver greets us in the characteristic clear and unhurried intonations of a Finnish native
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Nebius, an AI infrastructure company, is expanding its data center in Mäntsälä, Finland, tripling its GPU capacity to 75 MW. This expansion is part of a $1 billion investment in European AI infrastructure, showcasing the company's commitment to sustainable and efficient AI computing solutions.

Nebius, a leading AI infrastructure company, has announced plans to triple the capacity of its data center in Mäntsälä, Finland, from 25 MW to 75 MW
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. This expansion is part of a broader $1 billion investment program in AI infrastructure across Europe, set to be completed by mid-20251
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.The expanded Finnish facility will house up to 60,000 GPUs, including NVIDIA H200 Tensor Core GPUs available from November, alongside existing NVIDIA H100 Tensor Core GPUs
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. Nebius is also slated to be one of the first providers in Europe to offer the state-of-the-art NVIDIA Blackwell platform to customers in 20251
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.Nebius's Mäntsälä data center showcases innovative technological solutions aimed at reducing its environmental footprint:
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.The facility houses ISEG, one of the world's most powerful and energy-efficient supercomputers. With 35.26 GFlops per watt-second, it ranks in the top 25 supercomputers globally by energy efficiency
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.Nebius offers a comprehensive AI cloud platform built for intensive AI workloads, featuring:
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The Mäntsälä expansion is part of Nebius's larger European investment strategy, which includes:
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Nebius emerged from the European remnants of Yandex following its divestment from Russia. The company is currently owned by Yandex founder Arkady Volozh and is listed on NASDAQ, though its shares are not currently trading
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. Nebius has enlisted Goldman Sachs as its financial advisor to explore options for recommencing trading in the future2
.As Nebius continues to expand its AI infrastructure, it aims to position itself as a major player in the global AI industry, offering high-performance, energy-efficient solutions to AI builders worldwide.
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