Lefdal Mine Datacenter looking to accelerate growth

LEFDAL MINE DATACENTER LOOKING TO ACCELERATE GROWTH – PROCESS FOR SHARE ISSUE PARETO SECURITIES HIRED AS FINANCIAL ADVISOR IN THE PROCESS

Lefdal Mine Datacenter AS (LMD) has in 2018 and so far in 2019 installed 10 MW of data center capacity. LMD has proven to the market the capability of implementing a TIER III certified design with a unique low investment per MW. The design approach is industrialized, and has a built-in flexibility that makes it possible to accommodate variations in both power requirements per unit, as well as different quality requirements/Tier levels. The capacity in LMD is almost unlimited due to the existing size of the facility and the high volume of hydropower production in the area. To accelerate growth and enable investments needed in related infrastructure, LMD has hired Pareto Securities to explore possible new investors for LMD.

The main housing solution is 40 feet IT containers. LMD place the containers on both side of the streets. The streets are 17m high, enabling LMD to have 3 containers on top of each other.

The data center market is growing fast. Expected CAGR for the global wholesale co-location market from 2019-2024 is 15.7% with an expected turnover of $30 billion in 2024. Total market will increase with about 1,000 MW or 730,000 m2 of whitespace per year. Europe as market will see the highest relative increase together with APAC.

The Nordic countries are well suited for data centers due to the countries vast resources of renewable energy, low power prices, favorable climate conditions, good infrastructure as well as a skilled workforce. This has resulted in a surge of foreign investments over the past years. Companies such as Apple, Facebook, Google and Amazon (AWS) have made large investments in the hyperscale and cloud segment. The increased demand for High Performance Computing (HPC), i.e. artificial intelligence, makes LMD’s efficient and high- capacity water-cooling particular relevant in these fast-growing market segments.

The mine consists of six levels divided into 75 chambers with a potential white space area of 120.000 m2. The entry point leads to a 2 000 meters long access road, “the Spiral”, which is 14 meters wide and 8.5 meters high. The Spiral gives access to each floor level. LMD has built out Level 3 in Phase 1 and will later build out Level 2 (Phase 3) and Level 4 (Phase 2).

Current owners of LMD are regional technology investors 50.7%, Dr. Friedhelm Loh (Rittal/IDS) 33.3% and Sogn og Fjordane Energi (SFE) 16%.

“We have built and operate one of the leading data centers in the Nordics. Market demand is increasing, and we see that our solution is future proof. High densities, renewable power, low operational costs and increased demand for security are all trends that lead capacity to LMD. The current financial structure limits the speed of growth. We now wish to accelerate the build out of infrastructure and customer intake says Sindre Kvalheim, CoB at LMD. The board and owners have decided to hire Pareto to explore possible investors says Sindre Kvalheim.”

The containers are transported to the designated area with an electrical vehicle.

For more information on the share issue process, please contact Pareto and Lars Ove Skorpen at +47 91323115 or lars.ove.skorpen@paretosec.comwww.paretosec.no.

For information about LMD please contact Sindre Kvalheim at +47 97401400 or sindre.kvalheim@local-host.nowww.lefdalmine.com.

Best regards,
Sindre Kvalheim

CoB – Lefdal Mine Datacenter AS
Mobile: +47 974 01 400
E-mail: sindre.kvalheim@local-host.no

The Data Halls are always 12 meters wide and 4 meters high. They wary in length from 30 to 70 meters. Space/capacity can be rented in pods from 20 racks up to entire halls, 300 m2 to 800 m2.

Lefdal Mine Datacenter AS

LMD – The Norwegian Solution – is a unique mountain hall facility on the West Coast of Norway. It is one of the most cost effective, secure, flexible and green datacenter solutions in Europe. With a unique scalability, renewable power at leading low cost, a water-based cooling solution allowing up to 50 KW/rack with a PUE of less than 1.15 and low construction costs the facility is ideally positioned for current and future demands in the data center market.

The facility is Uptime Tier III Design certified and can offer one of the most secure datacenter solutions in the Nordic market. Current owners are:

Regional Technology Investors RTI – 50,7%
The regional investors have an offspring from a technology cluster based in Måløy. The cluster are involved in data centers, video conferencing, shipyards and marine technology and export.

Rittal has developed specially designed containers tailor-made for LMD. The containers consist of server racks, raised floor, LCP’s, PDR racks and network racks. They are available in different sizes – 6 to 12 server racks – with densities from 5 to 30 kW/rack. They can be adapted in N+1 or N+N environments. Standardization ensures high quality, lower price and short delivery time.

Rittal/IDS – Professor Friedhelm Loh – 33,3%
Professor Friedhelm Loh owns a group of companies that provide software, products and services to a range of industries including switchgear manufacturing, power distribution, steel and plastics. Today, the group has 11,500 employees, 78 global subsidiaries and annual revenue of around €2.2 billion. The largest company in the group, Rittal, supplies enclosures, climate-control technology, power distribution gear and IT infrastructure. In 2013, Friedhelm Loh Group acquired Cideon AG and Kiesling Maschinentechnik – companies active in software and engineering. Professor Friedhelm Loh serves as honorary president of ZVEI, a German electronics and electric manufacturers’ association. iNNOVO Data Systems (IDS) is owned by Rittal/Professor Friedhelm Loh.

Sogn og Fjordane Energi – 16%
SFE (Sogn og Fjordane Energi) is a publicly owned utility company. SFE plays an important role in the Norwegian power industry. They own or rent 24 power plants producing 2500 GWh renewable power in the region of Lefdal Mine Datacenter. In addition, they are a broker for several smaller power plants. They are also responsible for the regional grid – 4 000 km. SFE is an owner enabling Lefdal Mine Datacenter to offer optimal power solutions and power prices for end clients. Annual revenue of around $200 million NOK.

Norway as data center location

Norway has a 98,5% share of renewables in its power production. One foresees a significant surplus in the production and extremely competitive price forecasts for the years to come. Long term power prices in Norway are expected to be the lowest in the Nordics.

The Norwegian Government has recognized the potential data center market and have over time invested public sector resources towards enabling the Norwegian Datacenter Industry to grow into an international, commercially attractive solution that will generate an increase in Direct Foreign Investment for the Norwegian Economy.

Norway provides a unique proposition to satisfy a growing international marketplace for large scale Data centers, IT Hosting Services and International Cloud Delivery Centers:

  • Abundant renewable power, strong grid and world leading long term power prices
  • Competitive tax regime, strong economy, competent workforce
  • Stable political situation
  • EU-compatible framework
  • Credit ranked no. 1 in the world
  • Ranked 6th worldwide on “ease of doing business”
  • Ranked 2nd worldwide in the Cushman & Wakefield 2016 Data Center Risk Index

Pareto Securities

Pareto Securities is an independent full-service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sectors. Pareto Securities is headquartered in Oslo, Norway, with more than 500 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, Germany, Switzerland, USA, Singapore and Australia. In addition to being recognized as a leading player in the primary and secondary equity markets, Pareto Securities has the largest fixed income team in the Nordic region dedicated to high yield bonds, holding an undisputed position as the number one investment bank in terms of market knowledge and placing power.

 

Lefdal Mine Datacenter nominated for DCD Award

Lefdal Mine datacenter is nominated in the category “The Infrastructure Scale-Out Award”. This category recognizes really large projects that deliver data center services efficiently at scale. These projects have different requirements to more moderate-sized facilities, presenting unique challenges to the people building them. More information on https://www.dcdawards.global/.

LEFDAL MINE DATACENTER SIGNS ANOTHER 4 MW

Lefdal Mine Datacenter has signed a 3 MW contract with iNNOVO Cloud GmbH. In addition, Fortuitus AG has increased their contract announced earlier this year, to 5 MW.

 

iNNOVO CLOUD – 3 MW HPC APPLICATIONS

The first iNNOVO Cloud container is already active in Lefdal Mine Datacenter. Due to its efficient design, the BCC IT Container from Rittal has an advantage that it is particularly suitable for applications requiring high energy density per rack. This also includes HPC applications such as Hashing as a Service.

With regards to Hashing Services and the underlying blockchain technology, Stefan Sickenberger – CIO at iNNOVO Cloud – emphasizes: “The blockchain holds an enormous potential for the future and for almost every branch of industry. Hashing as a Service for cryptocurrencies is just one of many possible applications that we already operate for some of our customers”. He sees block chain technology as a massive contribution to IT security. “Blockchain technology has the potential to establish a new standard in IT security. We are already working with partners on proof of concepts for the use of Blockchain technology in the Industrial Internet of Things area, says Sickenberger”.

“One of the advantages at Lefdal Mine Datacenter is that we are free to choose which DC TIER Level we need. This gives a huge flexibility with regards to underlying business models and cost calculations, since we can use a lower DC TIER for low SLAs and higher DC TIERs for high SLAs”, says Sickenberger”.

 

FORTUITUS – 5 MW

Fortuitus AG, a Swiss technical infrastructure project financing company, is now installing 5 MW of HPC infrastructure into Lefdal Mine Datacenter. The installations will support FinTech applications for European customers.

“Lefdal Mine Datacenter is the most cost-efficient data center we have found. In addition, they offer an unprecedented scalability where we can add large scale capacity in a short period of time says Mark Collins, CEO of Fortuitus. We look forward to sign up for more capacity as our demand increase”.

 

LEFDAL MINE DATACENTER

Lefdal Mine Datacenter – The Norwegian Solution – opened in May 2017. “We are experiencing a massive interest in our product, says Jørn Skaane, CEO at Lefdal Mine Datacenter. The combination of high security, low cost, scalability and green solutions have put us on the international radar. Fortuitus and iNNOVO Cloud are two highly innovative organizations, and we are proud that they have chosen Lefdal Mine Datacenter to host their infrastructure, says Jørn Skaane.

For more information, see contact information below – or visit www.lefdalmine.com.

Best regards,
Jørn Skaane
Managing Director – Lefdal Mine Datacenter AS
Mobile: +47 481 02 409
E-mail: jorn.skaane@lefdalmine.com

 

FOR MORE INFORMATION – PLEASE CONTACT:
Mats Andersson
Marketing Director – Lefdal Mine Datacenter AS
Mobile: +47 416 96 496
E-mail: mats.andersson@lefdalmine.com

 

ABOUT LEFDAL MINE DATACENTER

Lefdal Mine Datacenter has completed the build out of Phase 1, and a cooling capacity of 45 MW is ready for use. The data center has a potential of 120.000 m2 of net whitespace and 200+ MW IT capacity. The mountain hall facility sets a new standard for the data center industry. Lefdal Mine Datacenter is unprecedented in terms of cost effectiveness, security, and flexibility. The large space, combined with modular design enables a unique time to market, and the combination of cheap and renewable power leads to predictable, low cost for customers. The technical solution is developed together with technology partners Rittal and IBM and capacity can be delivered in either container solutions or traditional white space. Lefdal Mine Datacenter will be one of Europe’s most secure data centers. They offer a Tier III data center service. The data is protected inside EMP secure mountain halls. The facility has access from two single points of entry. This offers a high level of natural security and access control. The design and documentation of infrastructure installations are highly confidential and there is specially trained security staff onsite 24/7.

LMD: 40 feet IT containers deployed at Lefdal Mine Datacenter in “Container Racks”

 

LMD: Entrance to Level 3 – 600 meters into the mountain

iNNOVO BCC container – https://www.innovo-cloud.de/produktgruppen/bcc-container/

Lefdal Mine Datacenter is now open – 45 MW

Lefdal Mine Datacenter has completed the build out of Phase 1, and a cooling capacity of 45 MW is ready for use. The mountain hall facility sets a new standard for the data center industry. Lefdal Mine Datacenter is unprecedented in terms of cost effectiveness, security, and flexibility. The large space, combined with modular design enables a unique time to market, and the combination of cheap and renewable power leads to predictable, low cost for customers. The technical solution is developed together with technology partners Rittal and IBM. The first customers go live in Q3.

 

FLEXIBLE PRODUCT SOLUTIONS

The flexibility at Lefdal Mine Datacenter is unique, in terms of available space as well as different technical solutions. The large space and capacity, 16 meters roof height in the mountain halls and the related logistics allows different cost effective product solutions. LMD has a potential of 120.000 m2 of net whitespace and 200+ MW IT capacity, delivered in container solutions or traditional white space. This enables customers to get a “pay as you grow” model, with no risk of paying for capacity not needed.

“We can facilitate all known concepts for white space solutions and the facility structure enables a streamlined solution for containers in different shapes and sizes says Jørn Skaane, CEO at Lefdal Mine Datacenter. We can also customize power density, temperature, humidity, operational equipment, Tier level and all related services ensuring the right solution for all our customers, says Skaane. I want to thank both Rittal and IBM for their contribution to the design and the build out process, and for contributing with their global leading products and services into our ecosystem.”

HIGH SECURE FACILITY

Lefdal Mine Datacenter will be one of Europe’s most secure data centers. They offer a Tier III data center service. The data is protected inside EMP secure mountain halls. The facility has access from two single points of entry. This offers a high level of natural security and access control. The design and documentation of infrastructure installations are highly confidential and there is specially trained security staff onsite 24/7.

“We acknowledge the increase in demand for high secure data center capacity, and foresee a future where governments and private sector invest in solutions guaranteeing uptime and proper solutions for back-up and disaster recovery, says Jørn Skaane, CEO at Lefdal Mine Datacenter”.

CUSTOMERS MOVING IN

Over the next months, Lefdal Mine datacenter will gradually start to move in customers. Some of the first international customers moving in are:

iNNOVO Cloud, a German cloud provider moving in with high density IT containers. The first installment will be up and running in September serving both Norwegian and International clients with their cloud portfolio.

LocalHost AS, a leading fully managed service provider on the west coast of Norway, has bought the first Rittal Rimatrix 6 container, and will provide single rack and smart hands services from Lefdal Mine.

Fortuitus AG, a Swiss technical infrastructure project financing company, are installing 4MW of immersion cooled HPC infrastructure into the mine in Q3 2017, to support FinTech applications for European customers.

Lefdal Mine Datacenter offers different types of IT environments, and will deploy Open19 in the facility. This is a new way to build out data center capacity. An open platform that can fit any 19” rack environment for servers, storage and networking. Lefdal Mine Datacenter will offer “Servers slots as a Service”.

IBM will offer their Resiliency Services from Lefdal Mine Datacenter.

For more information, please contact Mats Andersson, CMO Lefdal Mine Datacenter – see contact information below – or visit our web page www.lefdalmine.com.

 

Best regards,
Jørn Skaane

 

Managing Director – Lefdal Mine Datacenter AS
Mobile: +47 481 02 409
E-mail: jorn.skaane@lefdalmine.com

 

FOR MORE INFORMATION – PLEASE CONTACT:

Mats Andersson
Marketing Director – Lefdal Mine Datacenter AS
Mobile: +47 416 96 496
E-mail: mats.andersson@lefdalmine.com

 

WEBCAST – PRESS CONFERENCE
Wednesday 10th of May 12.30-14.00
http://webtv.hegnar.no/presentation.php?webcastId=52831446

ISO 14001:2015 certification

Lefdal Mine Datacenter is now ISO 14001:2015 certified. The certification has been done by Teknologisk Institutt.

ISO 14001:2015 sets out the criteria for an environmental management system.

It maps out the framework for our organization to set up an effective environmental management system, and provides practical tools to manage our environmental responsibilities

Using ISO 14001:2015 gives assurance to company management and employees, as well as customers and external stakeholders, that environmental impact is being measured and improved.

Lefdal Mine Datacenter is now in the process of certification for ISO 9001:2015, ISO 27001:2013 and Uptime Tier III.

Showcasing IT containers designated for the facility

This week Lefdal Mine Datacenter (LMD) participates in Europe’s largest technology event in Hannover in Germany – CeBIT. Together with their partners, Rittal, Innovo Cloud and IBM, LMD are exhibiting two IT containers that later will be installed in the data center. The highly secure mountain hall facility off the west coast of Norway will set a new standard for the data center industry. It will be among the most secure, flexible and green datacenters in Europe and at the same time delivering leading low cost for data center capacity. In the containers provided by Rittal, IBM will offer managed backup- and disaster recovery services to new and existing clients, and InnovoCloud will show case a balance cloud center (BCC).

Data center 5G – The industrialization

Lefdal Mine Datacenter and its partners is bringing to market a set of offerings, which positions Lefdal Mine as a green 5G datacenter. The solution is unique. Physical scalability through container co-location with low physical provisioning time. High physical data center automation through fully standardized IT container and industrialized container logistics. Fully prefabricated and managed cloud hardware containers enabling dark site operations. Extending physical container co-location through fully elastic virtual data centers. Portfolio of Cloud and Resiliency Services provide the basis to an agile and highly reliable IT platform taking away the need to deal with physical datacenter constraints.

Key benefits data center 5G

The features of a 5G data center provides unique values to customers. Customers will move to OPEX instead of huge CAPEX for IT infrastructure investments. Time to market is quicker – massively improved Infrastructure provisioning times. Pay as you go for what you use instead of paying reserved but unused capacity, and elastic scalability on all data center levels from physical space to virtual IT resources.

Construction on time – Live for new customers March 2017

The construction process is ongoing. The data center will be operational in March 2017. Several customers have already signed with LMD.

Best regards,

Jørn Skaane
Managing Director – Lefdal Mine Datacenter AS
Mobile: +47 481 02 409
E-mail: jorn.skaane@lefdalmine.com

FOR MORE INFORMATION – PLEASE CONTACT:
Mats Andersson
Marketing Director – Lefdal Mine Datacenter AS
Mobile: +47 416 96 496
E-mail: mats.andersson@lefdalmine.com