DayOne announces flagship hyperscale data center project in Lahti, Finland
DayOne's Growth Partnership Agreement with Lahti underscores its long-term commitment to Finland's digital and economic development
LAHTI, Finland, Aug. 14, 2025 (GLOBE NEWSWIRE) -- DayOne, a Singapore-based global data center developer and operator, today announces its significant investment in a state-of-the-art hyperscale data center campus in Lahti, Finland. The aggregated value of DayOne's investment in Lahti is projected to reach approximately EUR 1.2 billion, reinforcing the company's commitment to advancing Finland's digital infrastructure.
The Lahti data center project will transform a former industrial site, located in the neighborhood of Kiveriö, into an advanced, high-performance digital infrastructure facility. Spanning 98,901 square meters, the site is fully zoned for industrial usage. With a total potential capacity of 128 megawatts (MW) IT load, the project comprises a first building of 50MW IT load. Negotiations with potential tenants are in progress, with no agreements finalized to date. Construction will commence with site demolition in Q3 2025, and operations are scheduled to be ready for service in 2027.
The data center campus has been designed with minimal disruption to neighboring areas and aligns with long-term sustainable land-use goals. Facilities are designed aiming for LEED Gold certification or higher. DayOne is collaborating with local engineering firms to fully leverage Finland's naturally cool climate for free cooling, and further enhance energy efficiency and sustainability in its operations.
DayOne has entered into a power connection agreement with Lahti Energy to strengthen local energy grid resilience. Having set up partnerships with both Lahti Energy and the city of Lahti, and aligned with Lahti's sustainability and circular economy goals, DayOne has been exploring waste heat reusing and integrating its data center into the local district heating system.
Reinforcing the project's commitment to resource conservation, the facility will utilize air cool chiller technology and eliminate the need for freshwater cooling.
DayOne's investment will significantly bolster Lahti's digital economy, while contributing to job creation in the city and across Finland. The Lahti project is expected to support a progressive ramp-up of 100 direct skilled positions and employ 1,000 construction workers onsite at its construction peak.
"Finland is an ideal strategic choice for our European growth," said Jamie Khoo, CEO of DayOne Data Centers. "With its reliable energy infrastructure, renewable energy leadership, highly skilled workforce, and naturally favorable climate that significantly reduces energy consumption and operational costs, Finland offers unique advantages that align perfectly with our commitment to sustainable digital infrastructure. Recognised as European Green Capital 2021, Lahti is advancing towards carbon neutrality, making it a natural fit with DayOne's sustainability goals. We are proud to invest EUR 1.2 billion on Lahti project into the Finnish economy and collaborate closely with Lahti to drive local innovation and sustainability."
The mayor of Lahti, Mr. Niko Kyynäräinen, welcomes the substantial investment. Lahti is part of the growth and development of the international data economy. "The data center to be built in Lahti is designed to handle large-scale data processing, enabling the creation of a strong digital ecosystem. In addition to the location, cool climate, clean energy, and stable conditions, Lahti's investment environment once again proved to be a winning operational model," Niko Kyynäräinen says with delight.
Growth Partnership Agreement to Drive Local Collaboration
DayOne is to enter into a Growth Partnership Agreement with the City of Lahti, Lahti Region Development LADEC, Lahti Energy, and local educational institutions, including a commitment of EUR 2.5 million to LUT Universities as outlined in the agreement. The agreement sets a clear framework for long-term regional cooperation aimed at advancing Lahti's carbon neutrality goals, strengthening the local business and Information and Communications Technology (ICT) education ecosystems, and fostering talent development.
Key areas of collaboration include integrating local companies into the data center's development and operations, innovating waste heat utilization solutions, and aligning educational pathways with industry needs through joint R&D, student internships, and faculty engagement. The partnership also connects DayOne's global academic collaborations, such as with the Sustainable Tropical Data Centre Testbed hosted at the National University of Singapore, to Finnish institutions like LUT Universities to drive innovation in both tropical and cold-climate data center operations.
"The city offers robust government support and a thriving clean-tech ecosystem—providing an ideal environment for advanced, low-carbon digital infrastructure. As we build our presence in Lahti, we are eager to explore meaningful ways to work with the community, especially those who share our vision for digital advancement and environmental responsibility," added Jamie Khoo from DayOne.
DayOne maintains transparency with Finnish authorities and has informed the Ministry of Economic Affairs and Employment and the Ministry of Defence of Finland of the Lahti data center project. In Finland, DayOne jointly invested with Finnish company Hyperco in the Kouvola data center.
DayOne's global presence spans Asia Pacific and Europe, with active operations in tier-one and emerging data center markets including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong, Tokyo and Finland.DayOne is a Singapore-based global data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective, and quickly scalable solutions. Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne's data centers are located across tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and Finland.
DayOne was established in 2022 in Singapore and became an independent group on January 1, 2025, following its deconsolidation from former parent company. DayOne is majority-owned by global investors, such as SoftBank Vision Fund, Citadel CEO Kenneth Griffin, Coatue Management, and so on.
Marketing & Media Marketing@dayonedc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e73e115b-ee8a-425c-9182-2898f25545aa
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
a minute ago
- Bloomberg
Romanian Premier Vows Deeper Spending Cuts to Avoid Default Risk
Romania's new prime minister warned his country could face a default unless the government quickly reins in years of lavish spending. Premier Ilie Bolojan said in an interview with Bloomberg News on Thursday that he sees the next six months as crucial for his administration to impose a series of radical austerity measures despite growing public discontent and tensions within the ruling coalition.
Yahoo
29 minutes ago
- Yahoo
Capri Holdings (CPRI) Soars 12% as Analyst Turns Bullish
We recently published . Capri Holdings Ltd. (NYSE:CPRI) is one of the best-performing stocks on Wednesday. apri Holdings rallied for a second day on Wednesday, soaring 12.28 percent to end at $22.03 apiece, after investment firm JPMorgan turned bullish on the company. In a market note, JPMorgan upgraded Capri Holdings Ltd. (NYSE:CPRI) to 'overweight' from 'neutral' on expectations of a sequential growth in revenues, as well as gross and operating margins, amid ongoing strategies and efforts for the Michael Kors brand by rolling out new designs, selling items at a full price, and cutting back on discounts. Additionally, JPMorgan turned optimistic about the company's 25-percent decline in the number of Michael Kors stores, saying that it would help make the brand more exclusive and profitable. Growth is also expected to come from higher prices to offset tariffs and its deal to sell the underperforming brand Versace. In the first quarter of fiscal year 2026 ending June, Capri Holdings Ltd. (NYSE:CPRI) said it swung to an attributable net income of $53 million from a $14 million net loss in the same period last year. Total revenues, however, were lower by 6 percent to $797 million from $848 million year-on-year. For the full fiscal period, the company is targeting revenues of $3.375 billion to $3.45 billion, with the Michael Kors brand accounting for the bulk, or $2.8 billion to $2.875 billion. In the second quarter alone, total revenues were pegged at $815 million to $835 million. While we acknowledge the potential of CPRI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Entrepreneur
an hour ago
- Entrepreneur
James Dyson Created His 'Mad' Vacuum Idea While $1M in Debt
It took James Dyson five years of work and 5,127 failed prototypes to create the world's first bagless vacuum cleaner. In 1978, James Dyson had an idea for a bagless vacuum cleaner that maintained suction. He was frustrated with what was considered to be a top-of-the-line model, which he said frequently clogged and lost cleaning power as soon as it filled with dust. Dyson worked on his idea full-time, and after five years of work and 5,127 failed prototypes, he created the world's first bagless vacuum cleaner — the now-famous Dyson, which has since become a consumer electronics brand reaching sales of $9.6 billion in 2023. But those early years came at a cost: He was borrowing heavily from the bank to make ends meet and had accumulated over $1 million in debt. "Eventually, I owed over a million dollars, which for a penniless person in those days, going back 30 odd years, was a lot of money," Dyson, 78, told Entrepreneur in an interview. "I didn't have any money." Related: Emma Grede Dropped Out of School at 16. Now the Skims Boss Runs a $4 Billion Empire. But he also had "little to lose," he says, which is why he took a chance on his vacuum idea despite the financial pit. He lost his father at a young age and felt a keen sense of ownership and passion for what he was building and for his future. "I suppose I don't mind living on the edge," Dyson said. "I lost my father when I was nine years old. I had it built into me that my future was entirely down to me, and to do it on my own." "I wanted to do it," he added. James Dyson. Credit: Dyson Financial constraints made Dyson more creative because not having money taught him how to cope without it. For example, he couldn't hire salespeople, advertisers, or promoters, so he went out himself to sell the vacuum cleaner. "It took quite a long time," Dyson said. "Almost every businessperson I spoke to said that I was mad." Related: Nick Offerman's Side Hustle as an Actor Helps Fund the Business He Started 23 Years Ago — and Still Works at Every Day In 1993, Dyson set up his own shop and produced the first unit of the Dyson Dual Cyclone DC-01 vacuum cleaner at a price of $399. By 1998, Dyson had sold 1.4 million units of the vacuum globally, and by 2004, the DC-01 was cemented as a commercial success, outselling its nearest competitor in the U.K. by a ratio of five to one, per Industry Week. In recent years, Dyson's eponymous company has reached new heights. In 2023, with a broader product portfolio, including hair tools, lighting, fans, and headphones, Dyson's company achieved a record global revenue of £7.1 billion ($9.6 billion) and employed 6,500 workers. Revenue increased 9% from the previous year. Now, Dyson's net worth is reportedly around $15.3 billion, making him the third-wealthiest person in the U.K. He's received other honors, too, including a knighthood in 2006 for his services to business. Related: A Billionaire Founder Admits He Had 'Horrible Habits' — Then He Started a Morning Routine That 'Transformed' His Life Dyson has certainly paid off those early debts and says he celebrates the "little successes" just as much (or even more) than the big ones. He points to Dyson hand dryers as an example — the product isn't a "huge" business, like, say, the Dyson hair dryer, he says, but he still finds it "interesting." "You shouldn't do everything in life just to get big numbers, big successes," Dyson said. "Little successes are just as satisfying."
