€180 Million From Industrial Scrap Without Building Anything New

How we transformed a "worthless" brownfield facility into Europe's hottest AI infrastructure play while competitors burned billions on greenfield projects

When the distress call came through in late 2023, everyone involved assumed we were conducting an elaborate funeral service. A massive industrial facility sat hemorrhaging cash, its original purpose obsolete, its technology antiquated, its future non-existent.

The board wanted a death certificate. Instead, we delivered a resurrection that turned €15 mil…