TikTok invests $1.16 billion to build a second data center in Finland

LootboxPhobia · 2026-04-08T09:29:12+00:00

TikTok, a subsidiary of ByteDance, announced that it will invest $1.16 billion in Finland to build its second data center. This move aims to strengthen data storage and protection across Europe. The new facility will be located in Lahti, marking TikTok's second major investment in Finland.

LootboxPhobia

2026-04-08 09:29:12

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Investing.com – ByteDance’s TikTok announced on Wednesday that it will invest $1.16 billion to build a second data center in Finland, one of the company’s efforts to expand locally stored data in Europe.

The facility will be built in the city of Lahti, marking TikTok’s second €1 billion data center investment in Finland within a year. The company opened its first data center in Finland in May last year in Kaukavala.

According to TikTok, these two facilities are both part of the “Cloverleaf Project,” a plan with a total value of €12 billion aimed at strengthening data protection for more than 200 million European users.

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