Scenario description
Assume that by the resolution date Applied Digital announces or a reliable MarketBrief-cited report states that the Finland AI data-center campus has materially advanced through operational project-execution steps short of a binding tenant lease or committed financing. Qualifying developments include receipt of a material permit or zoning approval, execution of a grid interconnection or power-supply agreement beyond preliminary access, award of major engineering/procurement/construction work, ordering of long-lead data-center electrical or cooling equipment, land closing, or commencement of site-preparation or construction activity in Finland. The known project magnitude remains the reported access to up to 1 GW of potential power capacity, with first power targeted for 2028 unless updated in the qualifying report; do not invent precise megawatt phases, capex, or procurement volumes if not reported.