H.I.G. Capital acquires controlling stake in renewable hydroelectric data center operator PolarDC Group Limited.

H.I.G. Capital, a global investment firm managing $65 billion, has acquired a controlling stake in PolarDC Group Limited, a data center operator focused on high-performance computing. PolarDC's inaugural facility in Norway will deliver 48MW of capacity using 100% renewable hydroelectric power. The center, designed for optimal energy efficiency due to Norway's climate, has already sold its initial capacity and is expanding with additional projects in Europe.

6 months ago
3 Articles