Verne Global announced in early January that it received $98 million in funding to expand its Iceland data center footprint and enhance its wholesale and colocation services.
Customers like BMW Group have already moved a portion of their dedicated high-performance computing applications to Verne Global's Iceland data center. The automotive giant runs its aerodynamic calculations, crash simulations and computer-simulated design and engineering capabilities at Verne's 44-acre Keflavík facility.
The Iceland complex is located on the United States Naval Air Station Keflavík, a former NATO facility in the country's southwest region. It is approximately 45 kilometers from Reykjavik, Iceland's capital and largest city. The base was closed in 2006 and taken over by the Icelandic government for redevelopment.
While facilities so far north sacrifice lower latency times, tech giants like Facebook and Google have moved to Scandinavian data centers to minimize the need for necessary cooling systems.
Verne Global is part of a rapidly growing group of data center service providers that have moved their operations to Iceland recently because of the abundant, low-cost energy sourced almost entirely from geothermal power and free air cooling available in the region.
"The unprecedented amount of new data created and processed by companies each day is forcing the industry to re-evaluate where that data resides," said Verne Global CEO Jeff Monroe. "In order to succeed in a data driven economy, power capacity, reliability of the power grid and low-cost power are imperatives for delivery. All of these factors point to Iceland as the logical choice for computing."
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