Company expands capacity for cloud business, adding GPUs
AI cloud and data center firm Crusoe is expanding its capacity within atNorth’s facility in Iceland.
The companies this week announced a “significant expansion” of Crusoe Cloud’s capacity within atNorth’s ICE02 data center in Keflavik.
This strategic expansion is designed to meet the surging demand for Crusoe Cloud services from customers of all sizes across Europe and North America.
The 13,750 sqm (148,000 sqft), 80MW ICE02 facility is located close to Keflavik International Airport and 50km southwest of capital city Reykjavík. Set on 9 hectares, the site can reportedly offer 83MW at full build-out. Able to support 40kW air-cooled and 100kW via direct-to-chip liquid-cooling, the site uses chilled water systems in combination with dry coolers plus natural free cooling. The company announced a 35MW expansion of the site last year.
Crusoe and atNorth’s original partnership was announced in December 2023, totaling 33MW of capacity at ICE02. The new deal involves a 24MW expansion agreement for the campus.
The ICE02 upgrade also includes the installation of Nvidia GB200 NVL72 infrastructure, as well as Blackwell and Hopper GPU.
“Crusoe runs the infrastructure for intelligence," said Chase Lochmiller, co-founder and CEO, Crusoe. "Our partnership with atNorth allows us to leverage the abundant geothermal and hydroelectric power in Iceland to build energy-first AI infrastructure so that our customers can run their most demanding AI workloads on Crusoe Cloud.”
Crusoe launched in 2018 as a cryptomining business that deployed containerized data centers to oil wells to harness natural gas that would otherwise be "flared off" and wasted. It has since pivoted to developing permanent data centers for itself and others, offering AI cloud services (including from leased sites), and has divested its crypto operations.
“We are delighted with Crusoe's success in serving its clients via our data centers and are excited to announce this significant development in our ongoing partnership,” says Eyjólfur Magnús Kristinsson, CEO atNorth. “The expansion of our ICE02 site features cutting-edge infrastructure and highly energy-efficient Direct Liquid to Chip (DLC) cooling technology. This aligns with both companies’ commitment to sustainability, and we are proud to support Crusoe on their path to decarbonize their workloads while delivering AI-ready solutions in an environmentally responsible way.”
Crusoe’s cloud operates four cloud regions across the US and Europe: us-northcentral1-a, us-east1-a, us-southcentral1-a, and eu-iceland1-a. The company has partnered with Digital Realty and Equinix in the US and atNorth in Iceland. This year also saw it announce plans to lease a data center from Polar in Norway.
According to Bloomberg and the Information, Crusoe aims to raise new funding at a valuation near $10 billion, according to people familiar with the matter. The company is set to raise about $1bn in a mixture of equity and debt, said one of the people
