BC company Arctic Blockchain Ltd. Announced Friday that it has acquired datacentre company Hydro66 UK Ltd. for $10 million (CAD).
Image via Hydro66.
Hydro66 focuses on enterprise co-location services as well as mining cryptocurrency on its own account and for customers. Its facility based out of Boden, Sweden has an operating capacity of 4MW with a further 36MW capacity under construction, set to be complete by Q1 2019. Beyond this 40MW capacity, Hydro66 has also reserved an additional 50MW of power capacity for future expansion.
Hydro66 will maintain its current management team and members of the Arctic team will join its board of directors. A public listing on a Canadian exchange is planned to be completed in early Q2 2018.