SWI Compute Exits Stealth With 3.6 GW of Power and a $1B NVIDIA Order

SWI Compute, a new unit of Euronext Amsterdam-listed SWI Group, came out of stealth on October 26 with 3.6 GW of power capacity behind it and an order for about $1 billion of NVIDIA systems, according to the company’s press release (PR Newswire). Its first large AI factory, in the UK, starts at 30 MW with close to 7,000 Rubin GPUs and is due online by the end of 2027.

The numbers

• 3.6 GW of power capacity across 24 sites in Europe and the US, which SWI Group says it spent six years securing.
• ~$1B of NVIDIA systems ordered within about two months of SWI joining the NVIDIA Cloud Partner program as a Preferred Partner in August.
• 30 MW first phase in the UK: close to 7,000 Rubin GPUs and 3,500 Vera CPUs in Vera Rubin NVL72 racks, expected by end of 2027.
• 530 MW planned for that UK campus, and 2.3 GW of NVIDIA AI factory capacity targeted by 2029.
• 8,000+ GPUs to be delivered with Delta Computers as systems integrator. The first deployment runs Blackwell Ultra systems.
• 5 European campuses (Ireland, UK, Denmark, Spain, Italy), one already leased to a major hyperscaler.

Who it is for

SWI Compute pitches dedicated and on-demand capacity under European jurisdiction for AI-native startups, labs and enterprises, the buyers it says get squeezed out when capacity goes first to hyperscalers and frontier labs on multi-year contracts. Its first customer is a US-based AI inference platform, which the release does not name. “Energy availability represents the primary bottleneck facing European AI infrastructure,” said CEO Halil Mirakhmedov.

The power-first bet

The company is a power developer moving up the stack: SWI Group began buying land, power and shell in 2020 and now wants to sell GPU hours on top. Every new site from 2027 will follow NVIDIA’s Vera Rubin DSX AI Factory reference design, which the release says can fit up to 40% more GPU capacity in the same power budget on Vera Rubin NVL72.

What we are watching

Whether the UK factory hits its end-2027 date, who the unnamed inference customer is, and how much of the 2.3 GW target gets contracted before 2029. One detail to settle: the release puts the UK campus at 530 MW, while SWI Compute’s homepage lists its Cambridge campus at 500 MW.