Meta Shelves Data Center Expansion Plans In Denmark

Meta Platforms, Inc (NASDAQ:META) terminated its 2.4 billion kroner ($342 million) August contract with Per Aarsleff Holding A/S for constructing two new data centers in Odense, Denmark.
Meta operated two large data centers in its Odense campus and will likely finish a third in the next year, Bloomberg reports.
The canceled project would have built two additional buildings for housing servers and was likely for inauguration by 2025.
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Construction had started on the expansion, with foundations, sewers, cables, a canteen, and parking space for 1,000 cars already installed.
Meta spokesman Peter Münster said the move was part of its efforts to create a more streamlined organization. Meta re-examined development plans to ensure it is building a new generation of data centers designed to handle AI workloads.
Recently, CEO Mark Zuckerberg announced that the company would cut more than 11,000 jobs.
In July, Meta permanently canceled a data center project in the Netherlands following a government protest over environmental concerns.
Price Action: META shares traded lower by 2.42% at $118.65 in the premarket on the last check Thursday.