NxN Data Centers has earmarked up to €100 million ($113.5m) for Portuguese expansion over the next three years, anchored by a 1MW operational data center in Évora the company is acquiring to enter the market.

The investment ceiling funds opportunities NxN is currently evaluating, the company said. The figure is not tied to any specific project on the drawing board. NxN plans to grow capacity progressively through new digital infrastructure built on Portuguese soil.

What does the Évora acquisition deliver?

The Évora facility gives NxN its first operational asset in Portugal, according to the company. NxN will fold the site into its platform through a new local entity called NxN Portugal. The operator will use the infrastructure as a foundation for further investment and growth in the country.

The geographic position carries strategic weight. Évora sits along the overland corridor linking Lisbon and Madrid. That location lets NxN add live capacity on a route where it already runs development projects in Spain.

The acquisition also adds operational megawatts on day one. That shortens NxN's path to revenue compared with greenfield construction timelines typical for hyperscale developments.

How does Portugal fit the Iberian strategy?

The Portuguese deal extends a wider Iberian Peninsula build-out. Earlier this year, NxN announced data center projects in Madrid and Valencia. Portugal now adds a third national market on the peninsula for the operator.

NxN positions its platform as a network of hyperconnected data centers ready for artificial intelligence workloads. The platform targets operators needing dense compute with flexible cooling options. It supports standard cloud deployments alongside AI training and inference workloads.

Portfolio design standards accommodate different densities and cooling technologies. Cooling approaches the platform supports include:

• Direct-to-chip cooling
• Immersion cooling

Design criteria also prioritize energy efficiency and water consumption. The operator targets clean energy supply and waterless cooling systems across the network.

What is the Portuguese market context?

Portugal's data center sector is expanding rapidly. According to Colliers, the country recorded more than 2.6GW of planned IT capacity in the first half of 2026.

Lisbon accounts for roughly 1.4MW of that pipeline, per the same Colliers data set.

The Évora move places NxN in a secondary Portuguese market. Lisbon serves as the primary cluster for new development. Évora gives the operator a foothold in the Alentejo region rather than the capital district.

What is the operational and financial footprint?

The acquired site carries 1MW of installed and marketed capacity. NxN's three-year Portuguese investment ceiling translates to roughly $113.5m at the exchange rate referenced in the announcement.

The €100m figure corresponds to development opportunities under evaluation, NxN stated. The capital is not currently tied to any specific project on the drawing board.

NxN has not named the seller of the operational Évora data center. The company has also not disclosed the financial terms of the acquisition itself.

What comes next for NxN in Portugal?

The Évora acquisition marks NxN's formal entry into Portugal. Beyond the operational site, the €100m investment ceiling funds digital infrastructure opportunities the company is evaluating. NxN's stated goal is to progressively expand the platform through new digital infrastructure across the country.