Etix Blockchain opens two large-scale Blockchain data centers in Iceland

To ensure a successful implementation of its growth strategy for HPC and Blockchain, Etix Group acquires a majority stake in Borealis Data Center.

Reykjavik, Iceland – September 12th 2018 – Etix Blockchain, a new division of Etix Group, announces it has opened two new Blockchain data centers 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 data centers 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 specialized in HPC and Blockchain services. The company will be renamed Etix Everywhere Borealis.


Etix Blockchain, a new player in the Blockchain industry

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 center 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 increasing data center 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 data centers

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

“Iceland is a strategic location for HPC and Blockchain data centers 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 center 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 the end of the 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.


An international network of Blockchain data centers

Aside from its first Icelandic operations, Etix Blockchain's strategy is to build a worldwide network of Blockchain and HPC data centers. 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:

  • Colocation: for customers who want to host their own servers into Etix Blockchain data centers.
  • Mining as a Service: for customers who prefer to outsource everything and acquire computing capacity generated by Etix Blockchain servers.

“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 Centers (Tier III and IV standards) and low-cost mining farms will fade, in favor 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.



Etix Blockchain offers Mining as a Service capacity and colocation services for HPC and Blockchain applications, through a network of data centers located in the Nordics. Etix Blockchain benefits directly from the expertise developed by Etix Everywhere for the data center industry and from the security products developed by Etix Labs.


Borealis Data Center offers cost-effective facilities solutions for HPC, Blockchain and general data center services.

Iceland offers year-round free cooling and is ideally located between two of the world’s largest markets; North America and Europe. Borealis customers benefit from long-term sustainable competitive advantage through economical, reliable and green energy, and long-term fixed power cost.



Etix Group: Marion Chevillotte, Head of Marketing: +352 691 000 551 /