Data Center

Arctic Core AS, a wholly owned subsidiary of Harmonychain AS, is pleased to announce that we recently purchased our first property for developing a data center of 995 square meters in Halden, Norway. We expect to take over the property on or around 16.11.2021. The property is part of a former industrial property and has access to electricity transformers on site, and requires some development in efforts of scaling the operation. We plan to use the property for our own hardware, test units, and/or hosting of high performance computing hardware. The Harmonychain Group plans to offer services for customer looking to establish traditional data centers, HPC, and blockchain verification in Norway. The data center industry in Norway is experiencing growing demand due to good infrastructure and environmentally clean energy. We are also looking for more data center locations to lease or purchase. The Harmonychain Group had per 15th September 2021 bank deposit of approx. 83 MNOK after adjustment for the purchase price of the property.