---
title: "Google, Alibaba and Applied Digital Join Finland's $75B AI Data Center Rush"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301261187.md"
description: "Finland's data center investment boom has surpassed €67 billion ($75 billion), attracting major players like Alphabet, Alibaba, and Applied Digital due to favorable climate and energy infrastructure. French firm Sesterce plans a €10 billion campus in Jämsä, while Applied Digital targets 1 gigawatt capacity without disclosing costs. Concerns regarding electricity prices and potential new regulations are emerging. Following the news, Applied Digital stock dropped over 6% to close at $23.81."
datetime: "2026-10-08T10:37:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301261187.md)
  - [en](https://longbridge.com/en/news/301261187.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301261187.md)
generator: "portal-rs"
---

# Google, Alibaba and Applied Digital Join Finland's $75B AI Data Center Rush

Finland's data center boom is accelerating, with planned and ongoing investments now exceeding €67 billion ($75 billion). Alphabet Inc. (GOOGL), Alibaba Group Holding Limited (BABA), and Applied Digital Corporation (APLD) are among the companies expanding into the country, drawn by its cool climate, low-carbon electricity, and available power grid connections. The investment rush is also raising concerns about electricity costs and the potential for new regulations that could affect project timelines.

The latest announcement came from French AI infrastructure company Sesterce SAS, which plans to invest more than €10 billion in a data center campus at the former Kaipola paper mill in Jämsä, Finland. The project is designed to eventually support more than 1 gigawatt of capacity, making it one of the larger developments proposed in the country.

Applied Digital, a U.S.-based developer of data centers for AI and high-performance computing, has also announced plans for a Finnish campus that could scale to 1 gigawatt. The company has not disclosed the investment's value, leaving investors without a clear estimate of its potential financial commitment.

On Wednesday, APLD stock fell more than 6%, closing at $23.81.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**