Data Center News

Nscale and Vattenfall Finalize PPA to Power Kvandal Facility in Norway

European neocloud Nscale has signed a Power Purchase Agreement (PPA) with Swedish state-owned energy company Vattenfall in Norway. The agreement will support the first phase of Nscale’s data center development in Kvandal. While the exact capacity has not been disclosed, the companies say it wi...

May 25, 2026

Nscale

Nscale Teams With Fortum to Develop Data Center in Harjavalta, Finland

Neocloud provider Nscale is partnering with Finnish energy company Fortum on another Nordic data center project, this time in Finland. Planned for the Sievari industrial area on land owned by the Town of Harjavalta, the development is one of several Nscale is advancing in the country. Fortum w...

April 06, 2026

Nscale

Nscale Signs 15MW Lease Agreement with Verne for Data Center Capacity

AI cloud provider Nscale has signed on to lease 15MW of capacity at Verne's data center campus in Iceland. The agreement will see Nscale deploying 4,600 Nvidia Blackwell Ultra GPUs across Verne's campus through 2026. The GPUs will be 85 percent liquid-cooled and 15 percent air-cooled.Dominic W...

November 19, 2025

Verne Global

Verne Sells Two Finnish Data Centers to Glesys

Nordic data center firm Verne this week announced it has sold the Finnish operations, including facilities in Pori and Tampere, to Nordic cloud firm Glesys. “We’re pleased to welcome a talented team and a strong customer base through this agreement with Verne. It expands our data center footpr...

October 15, 2025

Verne Global

Nscale Raises $1.1bn from Backers

AI data center developer Nscale has raised $1.1 billion to help its build-out in the UK and beyond in a Series B round led by Aker ASA, and participation from the likes of Blue Owl, Dell, Fidelity Management & Research Company, G Squared, Nokia, Nvidia, Point72, and T.Capital.“AI is reshap...

September 26, 2025

Nscale

Ardian completes Verne acquisition

Investment firm Ardian this week said it had completed the acquisition of European data center firm Verne from UK infrastructure firm Digital 9 Infrastructure plc (D9). The company will support the expansion of Verne with up to $1.2bn committed investment through equity and debt to “deliver an...

March 16, 2024

Verne Global

Verne Global introduces cooling liquid to underground Finnish facility

UK and Nordic provider Verne Global has added liquid cooling to its underground Finnish data center campus in conjunction with Dell and Intel. Verne is now offering direct liquid cooling (DLC) for systems installed in the Rock data center, which occupies ex-military tunnels in the bedrock at P...

December 01, 2023

Verne Global

Ardian purchases data center company Verne Global

French private equity firm Ardian just purchased data center company Verne Global from Digital 9 Infrastructure. D9 bought Verne for $320 million in 2021 and has since then acquired and merged Finnish data center firm Ficolo and London’s Volta Data Centres into the Verne brand. However, D9 had...

November 28, 2023

Verne Global

Digital 9 is investing extra $93 million in Verne Global

Digital 9 Infrastructure has revealed that it is investing an extra $93 million in Iceland’s data center company Verne Global. The investment is to fund a further expansion of the data center firm. Triple Point Investment Management manages D9, and it acquired Verne Global in September last ye...

January 14, 2022

Verne Global

Protacon sells is data center business to Ficolo

Ficolo and Protacon agreed on the sale and leaseback of Protacon’s data center business to Ficolo. The partnership allows Protacon to free up resources and take advantage of Ficolo’s value-adding services in their own service portfolio. The responsibilities of the partnership are clearly divi...

August 15, 2019

Verne: Pori (The Rock)

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