$NBIS has leased 18 MW of power from MERLIN Edged at its Madrid-Getafe data center, marking Nebius’ first entry into the Spanish market

MERLIN $MRLN is also the landlord for $CRWV in Spain
CoreWeave is using MERLIN Edged’s Barcelona data center, where it has leased 15 MW to host 10,224 NVIDIA H200 GPUs, with plans to expand with Blackwell systems in 2026
CoreWeave has also leased capacity from MERLIN in Álava/Bilbao-Arasur, bringing its total Spanish lease with MERLIN to around 40 MW across Barcelona and Álava
MERLIN is now moving into Phase III of its data center plan, where it expects to invest around €4.5 billion by 2031/2032 and add 412 MW of new capacity, mainly across Lisbon, the Basque Country, and Zaragoza
The bigger upside is Extremadura. MERLIN and Edged are planning two gigawatt-scale AI data center campuses there: one in Navalmoral de la Mata, Cáceres, and another in Valdecaballeros, Badajoz
Each site is expected to offer up to 1 GW of IT capacity, meaning around 2 GW total across both campuses