Dutch PM backs Rotterdam AI gigafactory

Dutch Prime Minister Rob Jetten and digital economy minister Willemijn Aerdts met Nebius CEO Arkady Volozh in The Hague, endorsing a privately financed AI gigafactory in Rotterdam. The first phase, two 100MW data centers, is estimated at about €7 billion, including €4.5 billion for compute hardware; the full campus targets 250,000 GPUs and 600MW.

• First phase: two 100MW data centers, six buildings at full buildout
• Phase one investment near €7 billion, €4.5 billion of it for hardware
• Nebius signed a letter of intent with developer Volt
• Power to come from Eneco North Sea wind farms, bypassing inland grid