Etix Blockchain opens two blockchain facilities in Iceland

Etix Blockchain opens two blockchain facilities in Iceland

Etix Blockchain, a new division of Etix Group has opened two new large scale Blockchain facilities in Iceland.

The buildings are located in the capital area of Reykjavik (10 minutes away from the international airport of Keflavík), and in Blönduós (located in the north of the country). In both locations the first facilities are already operational, and additional buildup will be completed by year’s end.

As part of its global strategy Etix Group acquired a majority stake in Borealis Data Center, an Icelandic company specialising in HPC and blockchain services. The company will be renamed Etix Everywhere Borealis.

Following the evolution of the IT industry, Etix Group decided to launch ‘Etix Blockchain’, a division dedicated to provide colocation services for HPC and blockchain applications and mining as a service capacity.

As the banking and financial industry is becoming increasingly invested in the blockchain field, they are looking for hosting infrastructures of higher standards, still offering a competitive price. Etix Blockchain benefits directly from the expertise developed by Etix Everywhere for the data centre industry but also from the security products developed by Etix Labs.

To ensure a successful implementation in Iceland, Etix Group acquired 55% of Borealis Data Center, a pioneering company providing HPC and blockchain services since 2014. With an increasing data centre footprint, Iceland is becoming a strategic location for IT services. This partnership will expedite Etix Blockchain expansion plans.

Antoine Gaury has been appointed as head of Etix Blockchain. He will leverage his market knowledge to expand the footprint of the company worldwide.

Iceland, a perfect location for highly-efficient facilities

Etix Blockchain will benefit from Borealis’ knowledge of the Icelandic market and from their expertise of operating highly-efficient facilities since 2014.

“Iceland is a strategic location for HPC and Blockchain facilities thanks to its reliable and economical energy and its cool climate,” explained Björn Brynjúlfsson, CEO of Etix Everywhere Borealis.

“According to international studies, the country is among the safest data centre locations on the planet and produces 100% renewable energy. These ideal conditions enable us to offer competitive solutions for HPC and Blockchain infrastructure.”

The current facility buildup is scheduled to be completed by end of year, at which time the two campuses combined will offer hosting capacity of about 30,000 servers.

Due to demand by international institutional customers that are making long-term strategic investments in HPC and Blockchain the two campuses are already sold out.

Aside from its first Icelandic operations, Etix Blockchain's strategy is to build a worldwide network of blockchain and HPC facilities. The company will rely on Etix Everywhere expertise and Etix Labs products to offer quality infrastructure at a competitive cost.

Etix Blockchain designed two business solutions in response to market demands for colocation and Mining as a Service.

“Mining is only the first step of the Blockchain revolution, many other industries will soon embrace this technology.” declared Antoine Gaury, head of Etix Blockchain.

“The segmentation between premium data centres (Tier III and IV standards) and low-cost mining farms will fade, in favour of intermediary standards offering competitive financial solutions in line with the quality requirements of institutional customers.”

Etix Blockchain is currently securing new sites in Iceland and in the Nordics.