SWI Compute leaves stealth to build NVIDIA AI factories in Europe

What was announced

SWI Compute announced on 26 October 2026 that it is emerging from stealth to build and operate NVIDIA AI factories, launching first in Europe ^[1]. The company is part of Euronext Amsterdam-listed SWI Group and says it is backed by 3.6 gigawatts of power capacity that the group has spent six years securing across Europe and the US ^[1]. All figures here come from the company's own press release and have not been independently verified.

SWI Compute says it became a Preferred NVIDIA Cloud Partner in August, ordered approximately $1 billion of NVIDIA systems and has finalised contracts with its first customers ^[1]. Its first customer is a US-based AI inference platform that has contracted capacity ^[1].

The first site

The first large-scale AI factory is in the UK. It starts with 30 MW, close to 7,000 Rubin GPUs and 3,500 Vera CPUs in NVIDIA Vera Rubin NVL72 racks, and is expected to come online by the end of 2027 ^[1]. SWI describes that as the first phase of a UK campus planned to grow to 530 MW, and a first step towards 2.3 GW of NVIDIA AI factory capacity by 2029 ^[1]. Networking will use NVIDIA Quantum-X800 InfiniBand and Spectrum-X Ethernet ^[1].

The release also says the first deployment runs NVIDIA Blackwell Ultra systems, with Delta Computers as systems integrator, delivering more than 8,000 GPUs ^[1]. The group's five campuses are in Ireland, the UK, Denmark, Spain and Italy, and one is already leased to a major hyperscaler ^[1].

Why power is the story

SWI Compute's chief executive, Halil Mirakhmedov, said energy availability "represents the primary bottleneck facing European AI infrastructure" ^[1]. The pitch is that SWI already controls grid access, so it can turn power into computing capacity faster than rivals who must secure it first ^[1].

The company argues that existing European capacity has been committed first to global hyperscalers and frontier labs, the buyers able to sign multi-year contracts at scale, leaving AI start-ups and labs struggling to find capacity ^[1]. SWI Compute says it will serve those customers with dedicated and on-demand access, close to their users and data and under European jurisdiction ^[1].

NVIDIA's Nico Caprez is quoted saying SWI Compute is putting Europe's energy to work for AI natives, labs, universities and enterprises ^[1]. SWI also says that from 2027 each new site will follow the NVIDIA Vera Rubin DSX AI Factory reference design, which it says can enable up to 40% more GPU capacity within the same power budget ^[1].

What it means for businesses

For companies building or running AI services in Europe, more local GPU capacity could ease supply pressure and help with data-location requirements. But the timeline matters: the first UK site is not expected until the end of 2027, and further campuses are scheduled from the fourth quarter of 2027 ^[1]. Until then, this is a plan backed by orders and contracts, not capacity you can rent.

Buyers should treat the claims as a company's own account, ask about delivery dates and contract terms, and compare against existing cloud options. The announcement does underline how the AI race increasingly depends on electricity and grid connections as much as chips.

Source: PR Newswire — SWI Compute Emerges from Stealth to Turn Gigawatts of Power Into NVIDIA AI Factories, Starting in Europe