Verne, Nscale ink 15MW deal in Iceland; to deploy 4,600 Nvidia chips in 2026

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By Conor McNevin
As w.media’s Europe and Americas correspondent, Conor covers the data center industry in the western hemisphere. Conor’s decade long experience spans digital infrastructure, software, cybersecurity, telecom, biotech, and construction.
Aurora borealis over Thingvellir National Park, Iceland | Image Courtesy Wikicommons

Verne, a major Nordic data center operator, has signed a 15-megawatt (MW) agreement with hyperscaler Nscale featuring 4,600 NVIDIA advanced Graphics Processing Units (GPUs) to be deployed across Verne’s Icelandic campus throughout 2026, according to the firm’s press release yesterday. 

The project is set to become one of the region’s largest liquid-cooled GPU installations setting a new standard for sustainable high-performance computing by reducing energy use and environmental impact. The configuration will be 85 percent liquid-cooled and 15 percent air-cooled, optimised for efficiency and density within Verne’s existing infrastructure.   

Iceland’s power grid runs entirely on renewable energy, and its naturally cold climate makes the country a prime location for high-density computing. Nscale chose Verne for its track record in renewable-powered operations and ability to support large-scale AI training and inference workloads.

Dominic Ward, CEO, Verne, said, “Partnering with Nscale, whose expertise is redefining how AI infrastructure is delivered responsibly at scale, demonstrates how the Nordics are fast becoming a strategic hub for sustainable AI growth.” 

Philippe Sachs, Nscale’s Chief Business Officer and President of EMEA, said, “The Nordics offer a uniquely sustainable foundation to power low-carbon, sovereign-grade AI infrastructure.”  

David Hogan, Vice President of Enterprise, NVIDIA, said, “Deployments like this reflect how organizations are scaling the next generation of AI workloads responsibly, using innovative cooling and renewable-powered data centers.” 

The partnership forms part of Verne’s broader Nordic expansion, complemented by additional campuses under development in Finland and early-stage exploration in France, reinforcing the region’s ascent as a global hub for AI infrastructure.

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