01
Develop
Power-first site selection, land and lease control, permitting, interconnection or behind-the-meter supply, and anchor-tenant pre-leasing before a shovel goes in the ground.
See capabilities →FIMS Global › Infrastructure › Euxine Digital
Now accepting non-binding capacity inquiries
Private, underground AI compute and data storage, engineered across the Euxine territory.
Euxine Digital plans to lease dedicated, physically separated AI compute and data storage suites at an underground limestone site near Chișinău, cooled by the earth itself and serving clients across Europe, Asia and North Africa.
Euxine Digital is a development-stage company. No facility is operating today; all capacity figures are development targets.
The Euxine platform
From power to production-ready AI capacity.
One accountable partner across the full development cycle, so tenants and investors deal with a single U.S. counterparty from site selection to energized halls.
02
Finance
Bankable project packages for export credit agencies, commercial lenders and private investors, structured around signed capacity commitments and U.S. equipment content.
Financing insights →03
Deliver
Design-build execution through ConstraCore, our sister EPC company, with risk and insurance programs from FIMS Assurance Group and federal compliance from FIMS Consulting.
Meet the FIMS family →04
Operate
Phased energization with operating partners, so capacity comes online in stages that match tenant demand and validated power, never ahead of either.
View deployment tiers →
Flagship development · Chișinău
Underground AI compute and data storage, leased by the suite.
Our flagship site is planned for an underground limestone site near Chișinău. Every client company gets its own dedicated, physically separated suite of AI compute and storage, with its own power allocation, cooling loop and access control, reaching markets across a 2,000 km radius.
3 continentsEurope, Asia and North Africa reachable within a 2,000 km radius
1 suitePer client company, physically separated and access-controlled
Scalable capacitySized to each client, expanding in phases as demand grows
Straight-line distances from Chișinău. Physical fiber routes are longer; latency depends on carrier route.
Dedicated AI compute
Private GPU clusters leased by the rack, row or suite, for training, fine-tuning and inference, sized to your workload and reserved for a single client.
Cold storage & archival data
Long-term, high-security archival and backup storage underground for records, media and datasets that do not need to be active AI compute, protected by the same rock cover and access control.
Sovereign bays
Each company receives its own sealed, physically and network-isolated bay with separate power, cooling and access, so no client shares a room, a rack or a key with another.
Circular energy
We are evaluating heat recovery into Chișinău's district heating network, turning compute waste heat into local civic value.
Why underground
- Physical security: the site sits inside an underground limestone mine, with substantial rock cover and a limited number of controlled entrances protecting client equipment against extreme weather, seismic disturbance, electromagnetic interference and physical threats.
- Naturally cool, low-carbon: the galleries maintain a stable underground temperature year-round. Paired with direct liquid cooling, the design targets a low-carbon operation with minimal mechanical cooling load.
- Power and connectivity: power options under evaluation include on-site solar, battery storage and natural gas. Connectivity is available via existing carrier fiber routes to Romania and Ukraine, with a dedicated route under evaluation.
- Circular energy, shared with the community: we are evaluating heat recovery into Chișinău's district heating network, turning compute waste heat into local civic value and potentially lowering local heating costs.
- Sovereign bays by design: separated galleries make it simple to give each client its own sealed, physically and network-isolated bay.
- Room to grow: additional galleries allow new bays to be added phase by phase, matching capacity to demand rather than the other way around.
Phase 1Pilot suites
Initial underground capacity for anchor clients, sized to power we can prove.
Expansion phasesScale with demand
New suites added as dedicated generation, grid allocation and signed client commitments are secured.
Master planLong-term expansion
Additional phases released one at a time as dedicated power, state approvals and client commitments are secured.
Our flagship underground site is in development. Capacity figures are development targets, not operating capacity, and each phase is subject to site rights, state approvals, power, and financing.
Planned, later phase
GPU rental & serverless compute
Alongside our dedicated suite leases for larger clients, we plan to introduce self-serve, by-the-hour GPU rental and serverless inference for smaller workloads once the flagship site is operational. This is a planned service for a later phase and is not available today.
Flagship site
Chișinău
Underground limestone site, in evaluation
Reach
3 continents
Europe, Asia and North Africa within a 2,000 km radius
Export credit
Up to 85%
Of eligible U.S. export content that EXIM programs can finance1
1. Export-Import Bank of the United States medium- and long-term programs generally support up to 85% of the eligible U.S. export contract value, subject to EXIM eligibility, country cover and underwriting. Figures describe program targets, not operating capacity.
The challenge
Is your AI capacity plan ready for the power era?
Demand for accelerated compute is outrunning the grid. These are the constraints we see stall AI projects most often, and the ones every Euxine project is built to solve.
Interconnection queues
Multi-year waits for utility capacity push AI deployments far past their business window.
Energy cost exposure
Volatile wholesale prices make long-term compute economics hard to underwrite.
Financing gaps
Lenders want signed tenants, and tenants want built capacity. Someone has to break the loop.
Supply chain and export rules
GPU allocation, U.S. export controls and long-lead electrical gear shape every schedule.
Residency and security
Sovereign and regulated workloads need clear jurisdiction, physical security and audit trails.
Why Euxine Digital
Built around the constraint that actually decides AI projects: power.
Land and buildings are easy to find. Firm megawatts, financing and a credible delivery team are not. Every Euxine project is scoped from those three outward, guided by one premise: AI should assist, elevate and protect people, built on clean, resilient physical infrastructure.
Phase by validated power
No megawatt is marketed before it is secured.
Capacity is released in stages tied to confirmed grid allocation or on-site generation, so tenant commitments always match deliverable load.
GPU-ready density
Designed for accelerated compute from day one.
High-density halls planned for liquid-cooled GPU racks, with direct-to-chip and rear-door cooling options and heat-recovery pathways where the site allows.
Power-first design
Multiple power sources, released as secured.
Power options under evaluation include on-site solar, battery storage and natural gas generation, with capacity released only as each source is contracted.
Sovereign and regulated-grade compliance
Built with government and regulated tenants in mind.
Security, supply-chain and data-handling frameworks informed by FIMS Consulting's federal advisory practice, for clients who need an independent, auditable jurisdiction.
Financing, packaged
Export credit, bank debt and private placement.
Teasers, information memoranda, technical design basis, power documentation and financial models prepared to lender standards.
Integrated EPC and risk
One family of companies, one line of accountability.
ConstraCore delivers engineering, procurement and construction. FIMS Assurance Group structures builder's risk, property and liability programs.
Compare
Deployment tiers
We aim to serve the full range of AI compute demand, from frontier labs and hyperscalers securing multi-year campus capacity to individual teams renting GPU-hours. Dedicated tiers are delivered in validated power phases; self-serve is a planned, later-phase addition.
| Tier | Workloads | IT load | Rack density | Cooling | Term | Best for |
|---|---|---|---|---|---|---|
| FlexibleGPU-hour & serverless · planned Register interest → | Prototyping, inference, fine-tuning at small scale | By the GPU-hour, no minimum | Shared, multi-tenant | Shared facility cooling | On-demand, no long-term commitment | Startups, research teams and individual developers. Planned for a later phase, not available today. |
| CoreMulti-hall campus Inquire → | Inference, fine-tuning and large-scale training | 1–25 MW | 30–130 kW/rack | Rear-door heat exchange to direct-to-chip liquid cooling | 1–5 years | Enterprises, regulated tenants, neoclouds and AI platforms committing to a dedicated block |
| CampusPhased expansion Inquire → | Frontier training clusters | 50 MW+, phased | 130 kW+/rack | Liquid cooling with heat recovery | 5–20 years | Anchor tenants underwriting long-term capacity |
| Model | Scope | Delivery | Power | Ownership | Typical schedule | Best for |
|---|---|---|---|---|---|---|
| Dedicated BuildSingle tenant Inquire → | Custom hall to tenant spec | Design-build via ConstraCore | Grid or behind-the-meter | Euxine owned, long-term lease | Site and power dependent | Tenants wanting custom design without owning real estate |
| Sovereign & GovernmentRegulated Inquire → | Secure facility with data-residency controls | Design-build with compliance overlay | Redundant, resilient supply | Lease or transfer structures | Program dependent | Public-sector and national AI initiatives |
| EPC OnlyOwner-financed Inquire → | Engineering, procurement, construction | ConstraCore as EPC contractor | Owner provided | Owner | Scope dependent | Owners with land, power and capital in hand |
| Product | What you get | Power status | Fit-out | Structure | Term | Best for |
|---|---|---|---|---|---|---|
| Powered Shell Inquire → | Building shell with utility and cooling backbone | Energized to the building | Tenant fit-out | Lease | 10+ years | Operators with their own fit-out teams |
| Powered Land Inquire → | Entitled site with secured power pathway | Allocation or on-site generation secured | None | Ground lease or sale | Negotiated | Hyperscalers and developers seeking speed to power |
| Co-Development Inquire → | Joint development with capital partners | Phased | Shared | Milestone-based JV | Project life | Investors and landowners bringing capital, land or power |
Specifications are indicative planning ranges. Final capacity, density, cooling and schedule are confirmed per site after power validation and design.
Use cases
Where Euxine capacity fits
From dedicated inference halls to anchor-scale training campuses, each engagement is sized to validated power and a committed tenant.
01
Sovereign and national AI
In-country or nearshore capacity for governments building national AI programs with data-residency requirements.
02
Neocloud expansion
Committed megawatt blocks for GPU cloud providers adding regions faster than they can self-develop.
03
Enterprise private AI
Dedicated, secure halls for enterprises moving fine-tuning and inference off shared public cloud.
04
Cold storage and archival data
Secure, climate-stable underground storage for backups, records and datasets that need protection more than active compute.
05
Cross-continental reach
One underground site serving clients across Europe, Asia and North Africa within a 2,000 km radius, without multiplying facilities.
06
Speed to power
For AI companies that cannot wait years for a grid connection in Europe's core hubs, capacity built around dedicated power and a streamlined development path.
Industries
Built for the sectors adopting AI fastest
Each sector brings different density, security and residency needs. We design for them from the first site study.
Government and defense
Secure, compliant capacity for public-sector AI programs.
Financial services and insurance
Low-risk, auditable environments for multinational banks and insurers running model training and risk analytics.
Healthcare and life sciences
Residency-aware capacity for imaging, genomics and clinical AI.
Technology and AI platforms
High-density GPU blocks for model developers and neoclouds.
Energy and utilities
Partnerships that monetize generation by pairing it with AI load.
Telecom and connectivity
Fiber and carrier partners extending networks into new AI regions.
Aviation and transportation
Sovereign, high-security capacity for tier-1 national airlines and transportation operators.
United States
Behind-the-meter AI capacity at home.
Euxine Digital is also evaluating behind-the-meter AI capacity in the United States for enterprise and government tenants, delivered by ConstraCore with federal compliance support from FIMS Consulting. This program is at an early stage, with sites under evaluation.
Why Start Here
Outside Europe's grid bottleneck, next door to its markets.
Our flagship site sits in Moldova, an EU candidate country rather than a member, which changes what applies here and how fast we can move — the first of several Black Sea markets on our roadmap.
Faster to build
Outside EU data-residency and siting rules.
As an EU candidate country, Moldova offers a development environment outside the EU's most congested data center markets, where grid queues and siting constraints slow comparable projects.
Build without the queue
Our own power, our own timeline.
Across Europe's core data center hubs, new AI capacity waits years for grid connections and faces siting restrictions and complex permitting. Because we plan dedicated on-site generation and are developing outside those congested markets, we can move from site to energized capacity on a far shorter, more predictable timeline.
Connected and staffed
Fast infrastructure, capable people.
Chișinău already has fast, competitively priced internet infrastructure, direct fiber routes to Romania and Ukraine, and a young, technically capable workforce.
Market access without full membership
EU candidate status, EU market access.
Moldova has preferential access to the EU market under its Deep and Comprehensive Free Trade Area (DCFTA) agreement despite not being a full member, and its EU candidate status signals a long-term path toward stability and continued investment.
Resources
Insights and briefings
Briefing
Why power, not land, decides AI site selection
How firm megawatts, interconnection timelines and on-site generation now drive where AI capacity gets built.
Request the brief →Guide
Export credit financing for AI infrastructure
How U.S. equipment content, country cover and anchor leases shape an EXIM-supported data center package.
Request the guide →Briefing
Underground siting and low-carbon power, explained
How underground siting, liquid cooling and on-site generation options combine into an efficient, low-carbon design.
Request the brief →Process
How capacity letters of intent work
Reserve future capacity with a non-binding LOI, then convert to a lease as power and financing milestones close.
Learn more →Investors
Co-development and capital partnerships
Milestone-based participation for partners who bring capital, land, power rights or signed tenants.
Start a conversation →Tenants
Sovereign and regulated AI workloads
Data residency, supply-chain assurance and physical security considerations for public-sector AI.
Request the brief →
The FIMS Global family
Backed by an integrated group of companies.
Euxine Digital is a FIMS Global company, majority-owned and controlled by Federal Integrated Management Solutions LLC (d/b/a FIMS Global), a Bethesda, Maryland firm led by a Managing Director with more than 35 years in the Washington region.
FIMS Global
Parent company. Federal advisory, insurance, and construction under one roof.
fimsglobal.com →ConstraCore
Engineering, procurement and construction partner for Euxine facilities.
constracore.com →FIMS Consulting
Federal advisory, AI implementation and geopolitical AI impact assessment.
fims-consulting.com →FIMS Assurance Group
Enterprise risk management and insurance programs for complex projects.
fimsassurancegroup.com →
Leadership
Executive team
A founding team with defined responsibilities and one line of accountability. Start together, build together, earn together.
Burak S. Kotan
Co-Founder & Chief Executive Officer
35+ years leading IT infrastructure, consulting and renewable energy programs for federal agencies and private ventures. Managing Director of FIMS Global. Leads Euxine Digital's strategy, capital formation and delivery.
Cenk Ergüden
Co-Founder & Chief Financial Officer
Cenk Ergüden is an international finance executive with more than 18 years of experience across telecommunications, FMCG, distribution and diversified businesses.
Reşat Tanış
Co-Founder & Chief Technology Officer
Global AI infrastructure and data center executive with extensive leadership experience across large-scale technology, mission-critical infrastructure and multi-country operations.
Levent Ergüden
Co-Founder & Strategic Advisor
Levent Ergüden is an experienced business executive and entrepreneur with a career spanning consumer goods, manufacturing and telecommunications infrastructure.
FAQ
Frequently asked questions
What does Euxine Digital do?
We develop AI data center capacity: securing power and sites, packaging financing, pre-leasing capacity to tenants, and delivering facilities through our sister EPC company, ConstraCore.
Will Euxine offer smaller, self-serve compute like a GPU cloud?
Yes, that is planned for a later phase. Our initial focus is dedicated suites leased to larger client companies. Once the flagship site is operational, we plan to add self-serve, by-the-hour GPU rental and serverless inference for smaller workloads. This is a planned service, not available today.
Where does the name come from?
The ancient Greeks called the Black Sea Pontos Euxeinos, “the hospitable sea,” after centuries of Greek maritime trade and settlement along its coasts beginning around the eighth century BCE, the same sea that carried the Argonauts of Apollonius Rhodius’s epic. We chose the name for what it means, not just where it is from. Hospitality is our business: we host other companies’ AI compute and data on our infrastructure, so a name that means welcoming to travelers fits a company built to welcome other people’s workloads. It also reflects our focus on the wider Black Sea region rather than a single country.
Which markets are you active in?
Our flagship site is underground near Chișinău, Moldova, serving clients across Europe, Asia and North Africa within a 2,000 km radius. We continue to evaluate other Black Sea markets, including Romania, Bulgaria, Türkiye, Ukraine and Georgia, on the same power-first framework before committing capital to a second site.
How do you finance projects?
Depending on the project, through U.S. export credit (Export-Import Bank of the United States), development finance, commercial bank debt and private placements, since Euxine Digital is a U.S.-owned company able to access U.S. export-credit programs even for projects sited abroad. Lenders require signed capacity commitments, so we pre-lease capacity before financial close.
Can I reserve capacity before a facility is built?
Yes. Tenants can submit a non-binding capacity letter of intent that reserves priority on a future phase. It converts into a lease as power, permitting and financing milestones are met.
Does each company get its own space?
Yes. At our flagship underground site every client company receives its own physically separated suite of AI compute and data storage, with its own power allocation, cooling and access control. Nothing is shared between clients at the room, rack or key level.
How large can the flagship site grow?
Phase 1 is a pilot sized to the power we can prove today. Each later phase is released only when dedicated generation or grid allocation, client commitments and financing are secured. We do not market capacity beyond what power can support.
What kind of power do your sites use?
Power options under evaluation include on-site solar, battery storage and natural gas generation, with capacity released only as each source is contracted. Elsewhere, we use grid supply where capacity is available and behind-the-meter options, including solar with battery storage, natural gas generation, and, over the longer term, advanced nuclear, where it is not. We only market capacity backed by validated power.
Does the facility give anything back to the local community?
That is the plan. We are evaluating heat recovery from our liquid-cooled servers into Chișinău's municipal district heating network, which would lower local heating costs and turn what would otherwise be waste heat into shared civic value.
Do you work with investors and landowners?
Yes. We co-develop with partners who bring capital, land, power rights or signed tenants. Participation is milestone-based and tied to what each partner contributes.
Who owns Euxine Digital?
Euxine Digital is a Delaware company, majority-owned and controlled by Federal Integrated Management Solutions LLC (d/b/a FIMS Global) of Bethesda, Maryland. Platform decisions are made in the United States; a local project company is formed only when a site document requires one.
Next steps
Ready to talk capacity?
Schedule a conversation
A 30-minute call with our team about your workload, timeline and power needs.
Book a call → Reserve future capacitySubmit a non-binding capacity LOI to hold priority on an upcoming phase.
Start an LOI → Partner with usBring capital, land, power rights or tenants into a milestone-based co-development.
Explore partnership →
Get started
Reserve capacity or start a project conversation.
Tell us about your workload, power needs or the capital, land or power you can bring. We respond within two business days.
- Submit a capacity or partnership inquiry
- Introductory call and mutual NDA
- Capacity letter of intent or co-development term sheet
- Lease or definitive agreements at power and financing milestones
Euxine Digital
[email protected]