Borealis Data Center
- Company typePrivate
- Founded2014
- HeadquartersReykjavík, Iceland
- Headcount1–10
- GTM typeB2B
- OfferingServices
Borealis Data Center firmographics
Firmographics- Name
- Borealis Data Center
- Legal name
- Borealis Data Center ehf.
- Website
- https://bdc.is
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Borealis Data Center industry classification
Industry- Product category
- Data Center Services
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Facilities Management Services (541513)
- SIC
- Services-Facilities Support Management Services (8744), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Enterprise Data Centers & On-Prem Facilities (Owned/Operated) (HDABACAG)
- akta.pro secondary industries
- Data Center Operations & Managed Services (Remote Hands, NOC/SOC) (HDABANAA), Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Renewable Integration & Energy Efficiency (PUE Optimization, Heat Reuse) (HDABAKAL), Prefabricated/Modular Data Center Infrastructure (Skids, PODs) (HDABAKAK), Modular & Prefabricated Data Centers (HDABACAH)
Keywords
Where Borealis Data Center is headquartered
LocationHeadquarters
- HQ city
- Reykjavík
- HQ country
- Iceland
- HQ region
- Europe
Offices5 records
Markets served
Borealis Data Center business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Colocation Services: Provides rack space, power, cooling, and connectivity for customers' IT infrastructure. Services include dedicated data halls, power feeds (single or dual), UPS and generator backup options, and flexible configurations. Revenue is generated through long-term contracts with monthly recurring fees based on power consumption and space requirements.
- HPC as a Service: Bespoke high-performance computing solutions offered in collaboration with Responsible Compute and Rescale platform. Provides optimized CPU/GPU configurations for customer workloads with sustainable computing on demand. Includes carbon footprint reporting and emissions metrics.
- AI Infrastructure Services: Specialized colocation and managed services for AI and machine learning workloads, including OCP Ready certified facilities, liquid cooling support, and Supermicro equipment post-sales services.
- IceCloud Integrated Services: All-in-one IT solution combining hardware, software, and data warehousing through partnership with Sardina Systems and Vespertec. Offers cloud-native workloads, bare metal, storage, and generative AI services with single point of contact.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Custom colocation solutions designed around specific customer IT, energy, and space requirements |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Borealis Data Center product offering
Product offeringCore offering
Borealis Data Center operates sustainable data centers powered entirely by renewable hydroelectric and geothermal energy across four campuses in Iceland and Finland. It provides colocation services (rack space, power, cooling, connectivity) and AI/HPC infrastructure services, including bespoke HPC as a Service through the Responsible Compute joint venture and the IceCloud Integrated Services platform built on OpenStack.
Product overview
Borealis Data Center is a sustainable data center operator offering a unified platform of colocation and HPC/AI services across four campuses in Iceland (Blönduós, Reykjavík, Fitjar) and Finland (Kajaani). The core offerings consist of Colocation Services for secure rack space, AI & HPC Services for compute-intensive workloads via the Rescale platform, and OCP Ready™ certified facilities for higher-density deployments. The product portfolio also includes sub-brands Responsible Compute (HPC as a service joint venture) and IceCloud Integrated Services (all-in-one cloud solution). All facilities run on 100% renewable energy with naturally cool climates enabling industry-leading PUE efficiency.
Differentiator
Problem solved
Functional benefit
Products and services
- Colocation Services Full-range colocation services providing secure rack space, power feeds (single or dual), UPS and generator backup options, and cooling in sustainable data centers across Iceland and Finland, designed to meet IT, security, and sustainability requirements for enterprise customers.
- AI & HPC Services High-performance computing and AI infrastructure services for deployments of any scale, including bespoke HPC as a Service in partnership with Responsible Compute and the Rescale platform, providing optimized CPU/GPU configurations with carbon footprint and emissions reporting.
- OCP Ready™ Certified Facilities Open Compute Project Ready certified data center capacity supporting higher density compute, AI, and ML workloads with frictionless deployment of OCP IT gear and layouts compliant with OCP colocation facility guidelines for Open Racks.
- Responsible Compute (HPC as a Service) Joint venture HPC as a Service delivering carbon-neutral computing powered by 100% renewable energy with market-leading emissions reporting, offering customers optimized cost and performance for HPC and AI applications.
- IceCloud Integrated Services All-in-one integrated IT solution combining hardware, software, and data warehousing through partnerships with Sardina Systems (FishOS OpenStack platform) and Vespertec, offering cloud-native workloads, bare metal, storage, and generative AI services with a single point of contact.
- Blönduós Campus Sustainable data center campus in northern Iceland near the Blanda hydropower station, designed for maximum energy efficiency with HPC/AI optimized facilities, OCP Ready certified data halls, and 12MW expansion capacity supporting up to 50kW rack density and PUE as low as 1.03.
- Reykjavík Campus Data center campus in Iceland's capital built to Tier III standard, meeting all security qualifications and redundancy requirements for hosting mission-critical applications such as core banking and clearing systems, with PUE as low as 1.18 and located 50 minutes from Keflavík International airport.
- Fitjar Campus Data center campus in Reykjanesbær close to Keflavík international airport with excellent power reliability, network connectivity, and build area, with 10MW built-out capacity and PUE as low as 1.03.
- Kajaani Campus HPC and AI-focused data center campus in Finland's Renforsin Ranta Business Park, powered entirely by renewable energy sources (hydro, wind), ISO 27001 certified, with 100+ MW expansion capacity and located adjacent to the LUMI supercomputer ecosystem.
Quantifiable outcome
- PUE as low as 1.03 at Fitjar and Blönduós campuses, and 1.18 at Reykjavík Campus
- +3 more outcomes
Companies that use Borealis Data Center
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Borealis Data Center technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability2 records
Feature5 records
Borealis Data Center partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and major.
- LandsvirkjuncoreLong-term 12MW Power Purchase Agreement with Icelandic national energy company to support expansion of data center campus in Blönduós. Builds on existing relationship with Borealis operating in Iceland since 2018.
- dkmajorStrategic hosting alliance with dk, Iceland's foremost software company and market leader in ERP solutions. Strengthens Iceland's digital backbone through hosting partnership.
- ModularitymajorPartnership to establish state-of-the-art sustainable AI hub in Iceland with new submarine cable system. Modularity handles submarine cable development; Borealis focuses on data center operations. First phase operational by 2026, targeted completion 2028.
- Loiste Lämpö OymajorAgreement to recover and reuse waste heat from Kajaani Campus for local district heating. Enables full-scale integration of waste heat recovery into the district heating network in Kajaani, Finland.
- Sardina SystemsmajorPartnership for IceCloud Integrated Services, an all-in-one IT solution combining FishOS cloud platform with Borealis infrastructure. Sardina contributes award-winning OpenStack software and professional services.
- VespertecmajorPartnership for IceCloud Integrated Services providing vendor-neutral hardware, project management, and troubleshooting. Experts in high-performance data center infrastructure.
- SupermicromajorAccredited Supermicro Service Partner providing comprehensive post-sale services for Supermicro equipment. Borealis offers onsite support including consulting, installation, customization, configuration, maintenance with tiered service levels.
- CSC (IT Center for Science Ltd)majorCollaboration with CSC at Kajaani Campus near LUMI supercomputer. Up to 20% of LUMI supercomputer's capacity reserved for companies. Core to Borealis acquisition strategy for research community access.
- IBMcorePartnership to offer sustainable cloud services from Iceland. IBM Cloud business partner enabling Danish companies to access sustainable cloud data center solutions. CO2 emissions in Iceland come close to net zero, providing positive ESG impact for customers.
- Open Compute ProjectcoreOCP Ready certification for Blönduós data halls enabling frictionless deployment of OCP IT gear. Borealis is the only OCP Ready facility in Iceland.
- Responsible ComputecoreJoint venture between Borealis Data Center and Nordic IT service provider Origo to deliver sustainable HPC solutions in cooperation with Rescale. Provides carbon-free computing with emissions reporting.
- OrigocoreNordic IT service provider co-founding Responsible Compute joint venture with Borealis for sustainable HPC delivery.
- RescalemajorAmerican company specializing in HPC solutions in the cloud. Technology partner for Responsible Compute providing customers with tools to optimize cost and performance of applications with added sustainability optimization.
- Kaiser Global Development Group LLCmajorStrategic partnership combining Kaiser's expertise in developing cooperative research public-private relationships with Borealis carbon-neutral HPC and AI infrastructure. Opens new markets for HPC/AI in energy, space, biotech, and advanced computing.
Scale indicators7 records
Recent moves6 records
Expansion highlights7 records
Borealis Data Center competitors and assessment
Company assessmentRegional players
- Flexential: Flexential operates a US-focused portfolio of colocation and hyperscale data centers targeting enterprise and HPC workloads. It is comparable in scale and customer mix but serves a different geography, offering a North American read-across for Borealis's enterprise positioning.
- Advania Data Centers: Advania is an Icelandic/Nordic IT services and hosting provider with colocation capability. It overlaps with Borealis in the Icelandic market and on enterprise hosting relationships, though its colocation scale is smaller than Borealis's campus footprint.
Emerging players
- Nebius Group: Nebius is an AI-focused infrastructure provider building GPU cloud capacity with sustainability commitments. While not a colocation peer, it competes for the same AI/HPC customer budget and positions around sustainability — representing a different business model but overlapping end customers.
Direct peers
- GreenMountain: GreenMountain operates colocation data centers in Norway leveraging hydropower and free air cooling. It targets the same enterprise and HPC customers seeking sustainable infrastructure and represents Borealis's closest Norwegian-side analog in the Nordic sustainable DC market.
- atNorth: atNorth is a Nordic sustainable colocation and HPC operator with multiple sites in Iceland, Sweden and Finland. It directly competes with Borealis for AI/HPC workloads, having acquired Verne Global's Icelandic assets, and pursues the same 100% renewable, free-cooling value proposition in overlapping geographies.
- Stack Infrastructure: Stack Infrastructure is a hyperscale data center developer with Nordic (Stockholm) presence and a focus on AI/HPC build-to-suit capacity. It competes with Borealis for large-scale AI training deployments requiring high-density racks and renewable power.
- Bulk Infrastructure: Bulk Infrastructure is a Nordic provider of data centers, fiber networks and cloud services with facilities in Norway and Denmark. It serves HPC and AI customers with renewable-powered capacity, overlapping Borealis on geography-free value propositions for sustainability-conscious enterprise workloads.
Broad incumbents
- CyrusOne: CyrusOne is a global hyperscale data center operator (now KKR-controlled) with significant European capacity. It targets large enterprise and cloud customers overlapping with Borealis's AI/HPC focus, but operates at a much larger scale across multiple geographies.
- Equinix: Equinix is the world's largest interconnection-focused colocation operator with extensive European footprint. While Borealis competes for AI/HPC workloads, Equinix's broader focus on network-dense interconnection and carrier neutrality serves a different primary buyer profile.
- Digital Realty: Digital Realty is a global hyperscale colocation REIT with operations across Europe and an extensive interconnection platform. It competes with Borealis on enterprise colocation deals but does not specialize in Nordic sustainable/HPC infrastructure to the same degree.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Borealis Data Center social profiles
Digital presenceBorealis Data Center compliance and trust
Trust signalCompliance4 records
Borealis Data Center financial estimates
Financial estimateRevenue estimate
Valuation estimate
Borealis Data Center leadership team
Management profileNumber of profiles
Profiles8 records
Borealis Data Center subsidiaries and ownership
Company hierarchySubsidiaries1 record
Borealis Data Center funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Borealis Data Center M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Borealis Data Center
What does Borealis Data Center do?
Borealis Data Center operates sustainable data centers powered entirely by renewable hydroelectric and geothermal energy across four campuses in Iceland and Finland. It provides colocation services (rack space, power, cooling, connectivity) and AI/HPC infrastructure services, including bespoke HPC as a Service through the Responsible Compute joint venture and the IceCloud Integrated Services platform built on OpenStack.
Is Borealis Data Center a public or private company?
Borealis Data Center is a private company. It is classified as private equity controlled and is currently operating.
When was Borealis Data Center founded?
Borealis Data Center was founded in 2014. It employs 1 to 10 people.
Where is Borealis Data Center based?
Borealis Data Center is headquartered in Reykjavík, Iceland, in the Europe region.
How does Borealis Data Center make money?
Four revenue lines are on record. Colocation Services are the primary driver. The others are HPC as a Service, AI Infrastructure Services and iceCloud Integrated Services.
Who are Borealis Data Center's main competitors?
Regional players on record are Flexential and Advania Data Centers. Nebius Group is listed as an emerging player. Direct peers are GreenMountain, atNorth, Stack Infrastructure and Bulk Infrastructure. Broad incumbents are CyrusOne, Equinix and Digital Realty.
Does Borealis Data Center have an API?
No public API is recorded for Borealis Data Center.
What industry is Borealis Data Center in?
Borealis Data Center's product category is Data Center Services. Its primary akta.pro industry code is HDABACAG, Enterprise Data Centers & On-Prem Facilities (Owned/Operated), with a secondary code of HDABANAA, Data Center Operations & Managed Services (Remote Hands, NOC/SOC). Its NAICS code is 518 and its SIC code is 8744.