From Bloomberg via Silicon Valley.com, September 18:
Microsoft Corp. will pay $6.2 billion to rent AI computing power in Norway.
The British data center company Nscale Global Holdings Ltd. and Norwegian investment company Aker ASA will provide the capacity, the companies said in a statement Wednesday. The project will be powered by “secured grid capacity and entirely renewable electricity.”
The world’s largest software maker has been renting more cloud capacity from third-party providers such as Coreweave Inc. of late. Last week, Microsoft inked a deal worth as much as $19.4 billion with Nebius Group NV. These so-called neoclouds typically use high-powered chips from Nvidia Corp. to provide computing for artificial intelligence services....
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Related:
September 2016 - "Can Iceland be to data what Switzerland is to money?"
For folks keeping track, Facebook opened a Swedish data center in 2013 nicknamed the "Node Pole" although it's actually about 1° latitude south of the Arctic Circle.February 2021 - Why Your ESG Fund Is, And Will Be, Dominated By Technology Stocks (and what it means for your returns)
Norway's Green Mountain operates a data center at Stavanger with plans for another at Telemark.
There is some development talk for a couple other sites, one of which is actually in the Arctic.
Additionally, the Lefdal Mine Datacenter at Måløy is supposed to be the largest in Europe when it is completed....
What it means for your returns is that you end up with a Nasdaq 100 tracker.
And not just the 100 but in truth the top ten weights which amount to almost 50% of the index...
October 2024 - "Mckinsey: Europe's Data Center Power Demand To Triple By 2030"
Where will the electricity come from? Peat? Brown coal in Germany?
The Energiewende has been going on for twenty+ years and is nowhere near supplying the quantities needed.
Perhaps Poland will build a dozen nuclear power plants....
August 8 - "Stargate Norway: OpenAI’s First AI Data Center in Europe"
While much of today's OpenAI chatter is about the new LLM, I wanted to make sure we had this on the blog - one more step toward making Norway the land of the midnight data centers (there were over 80 last I looked but none like this.)...
