Pure Data Centres Group has secured €1.3 billion in committed senior debt to finance the first phase of its Seinäjoki artificial intelligence data center campus in Finland. The financing brings the company’s total capital secured during the past 12 months to more than $4.2 billion.
The senior project financing was arranged by five mandated lead arrangers: SMBC, ABN AMRO, Citi, Société Générale and Natixis CIB. Citi, Société Générale and Natixis joined Pure DC’s lender group through the transaction.
The financing process was completed in approximately six weeks and was coordinated with the leasing of the project’s first phase. Phase 1 is already fully leased.
Pure DC plans to invest more than €1.5 billion in the first phase, which will provide 110 megawatts of capacity for AI workloads. The initial substation serving the first data hall has been constructed and is operational.
The company said all planning permissions and power requirements needed for the first phase have been secured. Construction and delivery will proceed using the newly committed debt financing.
The broader Seinäjoki site has the potential to expand into a campus of more than 550 megawatts, subject to additional permissions, customer contracts and development requirements. Pure DC estimates that the completed campus could involve investment exceeding €7.5 billion.
At that scale, the project would become one of Europe’s largest AI infrastructure developments. The company believes the campus could strengthen Finland’s position as a major European location for large-scale computing and AI workloads.
AI data centers require substantial power, cooling and network infrastructure to support high-density computing systems. Pure DC specializes in developing hyperscale facilities while addressing constraints involving land availability, electricity access and regulatory approvals.
The company previously announced $2.7 billion in financing during May 2026. This included a $2.15 billion facility supporting its Dublin and Amsterdam campuses and an increase in its corporate-level financing to $550 million.
The $2.15 billion facility was syndicated within three months and supports ongoing construction in Amsterdam and expansion in Dublin. Pure DC said its Amsterdam facility is fully leased.
The Dublin campus is designed to provide as much as 150 megawatts of IT capacity, with 54 megawatts currently permitted. Pure DC described the facility as Europe’s first self-powered carbon net-zero data center when that capability was announced in March 2026.
The expanded $550 million corporate financing facility gives Pure DC additional flexibility to secure sites and advance future projects. The company is targeting established European data center markets, additional AI campuses and opportunities across the Middle East.
Pure DC currently has more than one gigawatt of capacity operating or under development across Europe, the Middle East and Asia. Its customers include some of the world’s largest hyperscale cloud and technology companies.
KEY QUOTES:
“This latest financing marks another important milestone for Pure DC as we accelerate delivery of one of Europe’s largest AI infrastructure campuses in Seinäjoki.”
“The confidence shown by leading global lenders reflects the strength of our platform, the quality of our customer relationships and the scale of the opportunity ahead. With more than $4.2 billion secured over the past 12 months, we are building the financial capacity and operational momentum to support the next phase of AI and hyperscale growth across Europe and the Middle East.”
Gary Wojtaszek, Executive Chairman and Interim CEO of Pure DC
“Securing €1.3 billion of committed senior debt for Phase 1 of SJK01, alongside the expansion of our MLA group to five institutions, demonstrates both the quality of this asset and the depth of appetite for Pure DC’s growth strategy.”
“The speed and discipline of this execution, aligned to the full leasing of Phase 1, further strengthens our funding base and gives us greater flexibility to advance our pipeline at pace.”
Mike Schwartz, CFO of Pure DC
