Digital 9 to Invest Further $93 Mln in Verne Global

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by Michael Susin

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Digital 9 Infrastructure Plc said on Monday that it has agreed to invest a further $93 million in the Verne Global data center platform in Iceland to expand to 20.7 MW of capacity next year.

The London-listed investment trust said the investment in a 100% renewable energy powered data center platform will add a new 8.2MW data hall and 12.5MW of repurchase capacity to meet high-expected customer demand.

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The company said the data hall is under construction and is expected to start generating revenue in the third quarter of 2022, with new developments expected to begin in the first quarter of 2023.

Digital 9 said it is pursuing a pipeline of investment opportunities with a total value of about 1.9 billion pounds ($2.58 billion).

Shares were down 1.8 pence, or 1.6%, at 110.4 pence at 1011 GMT.

Write to Michael Susin at [email protected]

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