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Digital 9 Infrastructure backing fresh Verne Global data centre expansion

Since IPO, D9 has invested over $500 million in digital infrastructure businesses and projects.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 17, 2021 | 6:00 AM GMT

Digital 9 Infrastructure’s (D9) (LON: DGI9) data centre operator Verne Global said it is expanding its operations in Iceland amid high enterprise demand for high-performance computing (HPC) hosting power.

The expansion will see the provider invest $50 million in adding 10MW to its 40-acre, 24MW Keflavík data centre campus. The site can be expanded up to 100MW at full capacity.

The expansion is backed by D9, the investment trust that focuses on sustainable digital infrastructure assets.

Dominic Ward, CEO at Verne Global, said: “We are seeing sector after sector looking to move into high-performance analytics environments and it’s exciting to scale our campus again alongside new and existing customers to meet that need.

“It is great to also take this first step into the future as part of the D9 Infrastructure platform, and we are all eagerly looking forward to what comes next.”

Thor Johnsen, Head of Digital Infrastructure at Triple Point, D9’s investment manager, added: “Powered by Iceland’s abundant green power, Verne Global’s expanded data centre will be even better placed to provide resilient digital infrastructure that offers a true reduction in carbon emissions for its customers alongside long-term economic and sustainable stability.”

As part of this expansion, Verne Global said it is also partnering with Integra Mission Critical, the modular data centre solutions provider, to optimise its delivery of sustainable high intensity compute at scale while fitting out the new data centre space.

John Kolar, Principal at Integra Mission Critical, commented: “Verne Global’s facility has been built from the ground up for highly specialist data centre services that are sustainable, scalable and bespoke.

“These mutual principles make our companies a natural fit and we’re so excited to be teaming up and putting our decades of experience in solution-driven engineering to good use to provide a quality turnkey infrastructure solution for the new space.”

Verne Global was acquired by UK-based D9 in September 2021 in a cash transaction worth approximately £231 million (US$318 million).

D9, which carried out its initial public offering (IPO) in March, has raised over $500 million since to fund digital infrastructure acquisitions including Verne Global and subsea cable operator AquaComms for about $220 million.

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João Marques Lima

Founder and Editor, The Tech Capital

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