Expanding
Colocation
Liquid cooling
Tier III

Verne Iceland Campus

Verne · Keflavík

IT live
90 MW
Free to lease
48.5 MW
$ / kW·mo
$26
White space
180k ft²

Inventory

46% occupied

Power

90 MWlive

48.5 MW to lease · 41.5 MW in use

White space

180k ft²total

97k ft² free · 83k ft² occupied

17k m² · 9,012 m² free

Free power is unsold critical IT at this building, not utility headroom. Space is computer-room white space.

Power

IT live90 MW
Free to lease48.5 MW
Utility feed175 MW
Campus / planned140 MW

About 85 MW of the utility feed is cooling, conversion, and house load.

Power cost

$26/kW·mo

3.3¢ industrial · 3.6¢ after PUE 1.10

Per MW·year
$318k
This site · 90 MW
$29M/yr
80 kW rack
$2,120/mo
3.2¢ cheapdear 22.4¢

cheapest in the index (Iceland Landsvirkjun). Same IT load there is $867k/yr less.

Iceland Landsvirkjun · utility tariff × PUE, not colo list price.

Redundancy
N+1
Opened
2012
Renewable match
100%
Rack density
80 kW
PUE
1.101.00 ideal · 1.60 typical
Power source
Landsvirkjun 100% hydro/geothermal. 40-acre campus. Nvidia DGX-ready.

Cooling

Plant

Direct-to-chip

Liquid

Deployed

Rack density

80 kW

H100-eq

WUE

Operator has not published WUE. Blank, not zero — air-cooled sites still use some water.

First liquid-cooled deployment on campus for Nscale: 15 MW, 4,600 Blackwell Ultra (85% liquid). Free-air for the rest.

Network carriers

4

On-net and metro carriers typically present at this location, including internet exchanges. Not a full circuit inventory.

Clouds

2

Native regions and typical Direct Connect / ExpressRoute / Interconnect on-ramps at this campus. Availability varies by hall.

Location

Keflavík, Southern Peninsula, Iceland

Keflavík / former NATO base, Iceland

63.985°, -22.605° · Europe

Tenants / users

Nscale, HPC, enterprise

Notes

Ardian-owned. 140 MW IT capacity. Nscale's first Iceland GPU cluster completed phase 1 in three months (April 2026).

Operator site

Compiled from public filings, operator pages, and reporting. Not an official operator specification.