Magnora Data Center goes public with 585MW pipeline across four European markets

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Magnora Data Center goes public with 585MW pipeline across four European markets

The company raised NOK 650 million (US$64.1 million) from institutional investors and plans to accelerate data centre development projects across Norway, Sweden, Finland and Italy.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

Magnora Data Center goes public with 585MW pipeline across four European markets

Magnora Data Center ASA has begun trading on Euronext Growth Oslo under the ticker MDATA following a private placement that raised NOK 650 million (US$64.1 million), providing investors with exposure to Europe's expanding data centre sector.