Hypercon has launched a significant data center project in Kouvola, Finland, with TikTok as its primary user, following a contentious lack of disclosure to government authorities.
Information on the Target
The target of this deal is a data center project being developed in Kouvola, Finland, by the real estate development company Hypercon. This substantial undertaking would function as a central hub for data operations, with TikTok identified as its primary user. Notably, this project has been shrouded in secrecy, having remained under the radar of Finnish governmental authorities for over six months prior to its public disclosure.
The data center spans approximately 12.5 hectares, with preliminary agreements already signed with the city of Kouvola for land procurement and construction permits. As the project moves forward, it has drawn significant attention due to its scale and the geopolitical implications associated with TikTok.
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Industry Overview in Finland
Finland's data center industry is emerging as a key player in the European tech landscape, driven by the country's competitive energy prices, favorable climate, and robust digital infrast
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Tiktok
invested in
Hypercon
in 2025
in a Other deal
Disclosed details
Transaction Size: $1,063M