Crusoe, a provider of vertically integrated AI infrastructure, announced in collaboration with atNorth, a premier Nordic data center services provider, the expansion of Crusoe Cloud capacity within atNorth’s ICE02 data center in Iceland, powered entirely by clean energy. This strategic development aims to address the escalating demand for Crusoe Cloud services from clients of diverse scales across Europe and North America. To facilitate this initiative, Crusoe has secured a $175 million credit facility from Victory Park Capital (VPC), a prominent global alternative investment firm specializing in private credit.
The expansion within the atNorth ICE02 data center incorporates advanced NVIDIA hardware, including NVIDIA DGX™ NVL72 instances and NVIDIA Blackwell GPUs. Furthermore, the implementation of Direct Liquid to Chip (DLC) cooling enhances performance and improves energy efficiency. The ICE02 facility in Iceland is fully powered by renewable geothermal and hydroelectric energy, exemplifying Crusoe’s dedication to sourcing sustainable and abundant clean energy.
This expansion at the atNorth ICE02 site constitutes a vital element of Crusoe’s expanding European strategy, initiated in December 2023. The facility offers low-latency network connectivity and provides fully redundant access through multiple undersea fiber optic cables, ensuring reliable connectivity for customers across Europe and North America. This initiative complements the company’s regional expansion, which includes the recent announcement of a second European data center located in Norway.
KEY QUOTES:
“Crusoe runs the infrastructure for intelligence. This credit facility from Victory Park Capital enables us to accelerate the deployment of the most advanced GPU hardware to meet the incredible demand we’re seeing from the market for Crusoe Cloud. 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.”
Chase Lochmiller co-founder and CEO, Crusoe
“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. The expansion of our ICE02 site will feature 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.”
Eyjólfur Magnús Kristinsson, CEO atNorth
“AI and high-performance computing are placing unprecedented demands on global digital infrastructure. We are proud to support Crusoe’s mission to power the future of AI with clean energy and see tremendous potential in its vertically integrated model. We believe the company is uniquely positioned to develop and operate AI-optimized data centers that efficiently support large-scale GPU clusters.”
Connell Hasten, partner at VPC
