A new 18MW data center in Lyon, France is being developed by Phoenix Group, an Abu Dhabi-based Bitcoin miner that told Semafor last year it was pivoting to small-scale AI infrastructure.
The push into Europe comes as demand for AI computing capacity outpaces supply. The unit of International Holding Company — which is led by UAE National Security Advisor Sheikh Tahnoon bin Zayed — is partnering with French firm DC Max on the project. The group has acquired land, permits, and power, and expects to start construction in July.
The deal is part of a broader aim to develop more than 1 gigawatt of capacity in Europe and the Gulf, at a cost of some $8 billion, according to Phoenix. It already operates 550 megawatts of capacity across East Africa, North America, Oman, and the UAE.