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.

October 07, 2024
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