Applied Digital reportedly eyes up to 1 GW of Finnish power for an AI campus

Applied Digital Corp (NASDAQ: APLD) is expanding internationally, according to a post on X. The post says the company is securing up to 1 GW of power in Finland for a planned AI data center campus. A caveat belongs up front. Research into the company’s public activity found no disclosed plans for Finnish expansion or power procurement as of early October 2026. Until Applied Digital confirms it, investors should treat the report as unverified. What the numbers look like Applied Digital recently finished an expansion at its Polaris Forge 1 campus. That build added 75 MW, lifting the site’s operational capacity to 250 MW. The company is targeting 400 MW at that campus by 2028. Applied Digital reports approximately $36 billion in contracted long-term leases. Those leases span five AI campuses with a combined critical IT load capacity of 1.41 GW. So a Finnish campus at the top of the reported range would come close to matching the company’s whole contracted footprint. Why Finland keeps coming up Google announced a €13 billion investment for AI infrastructure in the country in September 2026. Separately, APL Group has a 100 MW hyperscale project there. Note the similar ticker-style name:...