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UPM-Kymmene Corporation

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Sesterce’s €10bn Finland AI bet tests whether abandoned factories can become Europe’s next AI hubs

Sesterce plans to transform the former Kaipola paper mill in Jämsä into a 600 MW artificial intelligence campus backed by an unidentified anchor customer. The project could turn obsolete industrial infrastructure into valuable compute capacity, but its extraordinary scale leaves major questions around financing, grid capacity, taxation and execution.