Data Center News

Crusoe Takes 40MW Second Phase At Polar's Hydro-Powered Norway Campus

October 22, 2026 Polar DC

Crusoe will take a second, larger building at Polar Data Centers' Tørdal campus in Norway. Polar announced the expansion on Oct. 21 (announcement). The new building, DRA02, will add 40MW of liquid-cooled critical IT capacity on hydroelectric power and is due online in late 2027. Crusoe plans...

Polar DC Secures €800 Million Senior Secured Bond for Norway Data Center Project

June 01, 2026 Polar DC

Nordic AI data center developer Polar DC has raised an €800 million ($932.2 million) senior secured bond in the Nordic bond market.The company, which is owned by alternative investment firm H.I.G. Capital, plans to use the proceeds to refinance existing debt tied to its first data center in...

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