AnalystAIReal Assets← Europe data centers · All comparisons · All operators · Microsoft (15) · atNorth (14)
Head-to-head operator comparison, sourced from primary filings
Microsoft vs atNorth:15 vs 14 data center sites.
As of 11 November 2026, Real Assets tracks 15 data center sites under Microsoft (2 operating, 13 planned) vs 14 under atNorth (6 operating, 8 planned) in Europe. Reported power capacity: Microsoft has 380 MW operating, 1.8 GW planned, while atNorth has 27 MW operating, 1.3 GW planned. Both operators overlap in 2 countries, led by Finland (1 vs 6), Sweden (1 vs 3).
Unlock all 29 Microsoft & atNorth sites#3 vs #4 by sites tracked · 2 vs 6 operating
- Microsoft: 15 sites
- atNorth: 14 sites
- 2 shared countries
Mapped Microsoft and atNorth site positions in Europe (exact coordinates require sign-in)
Microsoft vs atNorth: side-by-side summary
| # | Metric | Microsoft | atNorth |
|---|---|---|---|
| 1 | Rank by sites tracked in Europe | #3 of 110 | #4 of 110 |
| 2 | Total sites tracked | 15 (3% of market) | 14 (3% of market) |
| 3 | Operating sites | 2 | 6 |
| 4 | Planned or under construction | 13 | 8 |
| 5 | Power capacity operating | 380 MW | 27 MW |
| 6 | Power capacity planned | 1.8 GW | 1.3 GW |
| 7 | Active countries | 11 | 4 |
| 8 | Largest country | Spain (4) | Finland (6) |
Footprint by country: Microsoft vs atNorth
| # | Country | Microsoft sites | atNorth sites | Combined |
|---|---|---|---|---|
| 1 | Finland | 1 | 6 | 7 |
| 2 | Spain | 4 | 0 | 4 |
| 3 | Sweden | 1 | 3 | 4 |
| 4 | Iceland | 0 | 3 | 3 |
| 5 | Netherlands | 2 | 0 | 2 |
| 6 | Denmark | 0 | 2 | 2 |
| 7 | Belgium | 1 | 0 | 1 |
| 8 | Greece | 1 | 0 | 1 |
| 9 | Ireland | 1 | 0 | 1 |
| 10 | Italy | 1 | 0 | 1 |
| 11 | Poland | 1 | 0 | 1 |
| 12 | Switzerland | 1 | 0 | 1 |
| 13 | United Kingdom | 1 | 0 | 1 |
Microsoft & atNorth: SEC filings, annual reports and disclosed figures
Primary regulatory filings and annual reports on record for Microsoft and atNorth.
- MICROSOFT CORP 8-K 2026-11-04: Other Events (8.01) (8-K · filed 4 November 2026)
Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.8-K ↗ - Microsoft Form 8-K, filed 2026-10-28 (8-K · filed 28 October 2026)
Additional information regarding our non-GAAP definition is provided below. All growth comparisons relate to the corresponding period in the last fiscal year.8-K ↗ - Microsoft Form 10-Q (Q1 FY2027) (10-Q · Q1 FY2027 · filed 30 September 2026)
Microsoft (Microsoft Form 10-Q (Q1 FY2027)) reported in its financial statements: Portfolio Value: $346,844 USD (millions) (2026-09-30), Gross Revenue: $ 92,279 USD (millions) (Q3 2026), Debt Amount: $4,391 USD (millions) (2026-09-30), Ebitda: $45,915 USD (millions) (Q3 2026), Net Income: $ 36,629 USD (millions) (Q3 2026).10-Q ↗ - Microsoft Form 8-K, filed 2026-09-02 (8-K · filed 2 September 2026)
FY27 Segments and Investor Metrics September 2026 Exhibit 99.1 This presentation contains forward-looking statements, which are any predictions, projections, or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and...8-K ↗ - Microsoft Form 10-K (FY 2026) (10-K · FY 2026 · filed 30 June 2026)
Microsoft (Microsoft Form 10-K (FY 2026)) reported in its financial statements: Portfolio Value: $313,076 USD (millions) (2026-06-30), Gross Revenue: $ 331,839 USD (millions) (FY 2026), Debt Amount: $9,227 USD (millions) (2026-06-30), Ebitda: $155,237 USD (millions) (FY 2026), Net Income: $ 133,749 USD (millions) (FY 2026).10-K ↗ - Microsoft Form DEFA14A, filed 2026-11-09 (DEFA14A · filed 9 November 2026)DEFA14A ↗
- atNorth (Partners Group) Nordic Sustainable Hyperscale Data Center Portfolio & EUR 1B+ Expansion Report (Annual Report · 2025 · filed 15 June 2025)
Covers atNorth's 10 Nordic data center campuses across Iceland (ICE01 Reykjavik, ICE02 Keflavik, ICE03 Akureyri), Sweden (SWE01 Stockholm, SWE02 Kista, SWE03 Solleftea mega-site), Finland (FIN01 Espoo, FIN02 Helsinki, FIN04 Kouvola 60MW+), and Denmark (DEN01 Odense, DEN02 Varde 250MW).Annual Report ↗ - Unlock all Microsoft and atNorth filings and extracted figures →
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Microsoft (15 sites: 2 operating, 13 planned) vs atNorth (14 sites: 6 operating, 8 planned) in Europe, as of 11 November 2026. Source: Real Assets (https://realassets.analystai.ai/eu-data-centers/compare/microsoft-vs-atnorth)
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<a href="https://realassets.analystai.ai/eu-data-centers/compare/microsoft-vs-atnorth">Microsoft vs atNorth: Europe data center benchmark (Real Assets)</a>
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Unlock all 29 Microsoft and atNorth data center sites in Europe
Compare every Microsoft (15 sites) and atNorth (14 sites) facility on the interactive map with site-level capacity, status, and primary source filings.
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How this data is built
Real Assets reads company pages, filings, news and listings, and records figures with a link to the page that published them.
Counts are sites Real Assets has recorded, not a full census, and grow as coverage grows. Sites are listed with the operator as published (the owner for industrial parks). Data updated 11 November 2026; this page was built on 11 November 2026 at 13:26 UTC, so the live app can show a few more or fewer sites and deals.
Questions
How many data center sites does Microsoft have compared with atNorth in Europe?
As of 11 November 2026, Microsoft has 15 tracked sites (2 operating and 13 planned or under construction, ranked #3), compared with 14 for atNorth (6 operating and 8 planned or under construction, ranked #4).
Where do Microsoft and atNorth overlap in Europe?
Microsoft and atNorth both have tracked sites in 2 countries: Finland (1 vs 6), Sweden (1 vs 3).
How does reported power capacity compare between Microsoft and atNorth?
Reported power capacity: Microsoft has 380 MW operating, 1.8 GW planned, while atNorth has 27 MW operating, 1.3 GW planned.
Where does the comparison data come from?
Every site and capacity figure links to the primary filing, company page or report that published it. Publishers behind this market's data include Equinix, Digital Realty, Epoch AI, Baxtel, Data Center Dynamics.
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