⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $Cerebras(CBRS.US) Cerebras Announces 165 MW Finland AI Data Center, With Up to €1.7 Billion Regional Investment

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗖𝗲𝗿𝗲𝗯𝗿𝗮𝘀 and 𝗖𝗼𝗺𝗽𝘂𝘁𝗲 𝗡𝗼𝗿𝗱𝗶𝗰 announce new Finland AI data center.

➤ Mikkeli facility will scale to 𝗜𝟲𝟱 𝗠𝗪 of contracted IT capacity.

➤ Construction of the initial 𝟱𝟬 𝗠𝗪 phase is already underway.

➤ Capacity will expand from 𝟱𝟬 𝗠𝗪 to 𝟴𝟬 𝗠𝗪, then 𝟭𝟲𝟱 𝗠𝗪.

➤ Service orders carry 𝘀𝗲𝘃𝗲𝗻-𝘆𝗲𝗮𝗿 contract terms supporting long-term capacity.

➤ Full-scale regional investment is estimated at €𝟭.𝟬–€𝟭.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Project could support 𝟴𝟬–𝟮𝟱𝟬 direct permanent jobs at full scale.

➤ Estimated property-tax revenue reaches €𝟬.𝟴–€𝟮.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 annually.

➤ Facility incorporates 𝗰𝗹𝗼𝘀𝗲𝗱-𝗹𝗼𝗼𝗽 𝗰𝗼𝗼𝗹𝗶𝗻𝗴 and waste-heat recovery capabilities.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Gives Cerebras substantial 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗔𝗜 𝗰𝗼𝗺𝗽𝘂𝘁𝗲 capacity in Europe.

➤ Seven-year contracts reduce speculative risk behind the phased infrastructure expansion.

➤ Strengthens Finland's position within Europe's rapidly expanding 𝗔𝗜 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 market.

➤ Creates potentially significant long-term employment, investment, and tax benefits for Mikkeli.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗣𝘆𝗿𝘆 𝗩𝗶𝗿𝗿𝗮𝗻𝘁𝗮𝘂𝘀, CEO of Compute Nordic Finland:

"This partnership with Cerebras is not a speculative bet on future demand — it's a contractually committed, phased build-out that reflects exactly how much AI compute the market needs today and where that need is heading. We are proud to build that capacity in Mikkeli, alongside a partner network of local and national organizations who are ready to deliver the project and build the workforce it requires."

𝗔𝗻𝗱𝗿𝗲𝘄 𝗙𝗲𝗹𝗱𝗺𝗮𝗻, CEO and co-founder, Cerebras:

"Our architecture is built to get more useful AI output out of every megawatt we deploy. Mikkeli lets us pair that efficiency with a data centre designed for closed-loop cooling and heat reuse from the ground up."

𝗣𝘆𝗿𝘆 𝗩𝗶𝗿𝗿𝗮𝗻𝘁𝗮𝘂𝘀, CEO of Compute Nordic Finland:

"The clearest measure of a project like this isn't the number of construction jobs it creates upfront; it's what remains ten or twenty years later. We looked at permanent employment, workforce pathways, local suppliers, and durable economic activity when building this out in Mikkeli."