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Update: Market Chatter: Oaktree-Backed Pure DC Builds Finland AI data Center, Microsoft to Be Customer

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(Updates with Microsoft's comment in the fifth and sixth paragraphs.)

Oaktree Capital Management-backed Pure Data Centres is building a data center campus in Finland that is expected to be used by customers, including Microsoft (MSFT), Bloomberg News reported Tuesday, citing people familiar with the matter.

Pure Data Centres is investing 1.5 billion euros ($1.7 billion) in the first phase of the project, which will deliver 110 megawatts of capacity, Bloomberg reported.

The site could eventually expand to more than 550 megawatts, representing up to 7.5 billion euros in total investment, according to the report.

Pure DC declined to identify customers, citing that the facility is fully leased.

A Microsoft spokesperson toldin an emailed response that the company's portfolio includes infrastructure operated under diverse ownership and commercial arrangements globally, but declined to comment on specific facility locations.

The company added that it continues to invest in data center infrastructure to support growing customer demand.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $387.23, Change: $-3.76, Percent Change: -0.96%

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