CEO Anne Graf explains the recent investment in Hydro66 and what the next 12 months hold for Clients, the local community and Investors
Since our opening for business in 2015, Hydro66 has been determined to be a truly disruptive force in the colocation data center market. From our unconventional location to our multi-award-winning modular design through to marketing low cost high-quality sustainable enterprise data center space, we have looked for innovative ways to create new value for clients and investors alike.
Hydro66 has entrepreneurship in the truest sense of the word running deep through its DNA. And so I was delighted to welcome a new team of Canadian investor-partners during a serendipitous meeting in Boden late in 2017. Following a high energy series of discussions, we sensed like minds and closed a deal to bring $10m CAD into Hydro66. This investment also clears the way for our recently announced listing on the Canadian Stock Exchange, later this spring, subject to the usual approvals. Access to wider and deeper pools of fresh capital will allow for greater business agility and the continuation of all that is best about Hydro66.
The turn of this year marked a step change in velocity for Hydro66, but not in direction. Our core founding principle was to make available high-quality data center space custom built to match the application being deployed. This approach confounds the pervasive one-size fits all Tier model that is strangling innovation and wasting capital. Rather it is in harmony with the EU Code of Conduct for Data Centre Efficiency – build the data center infrastructure your application demands.
Nowhere has this been more obvious than in cryptocurrency mining. This application is carving a swathe through conventional legacy data centers unable to cope with the power density, heat removal, lower availability and cost metrics demanded by miners. Hydro66 is uniquely positioned to address these needs, at the same time and in the same data center campus as traditional enterprise colocation clients. This is the beauty of a truly modular design working the way the EU Code of Conduct best practice guidelines had in mind.
And so with our new partners, our existing business model remains unchanged, but accelerated. We are committed to building out more cryptocurrency mining space, more enterprise colocation data center space and all done in a truly sustainable low-cost way that works for our clients and for the environment. We are delighted to continue our successful relationship with the local community in Boden, Sweden.
2018 promises to be the most eventful year yet for our young company. Please join us, either as a client, perhaps as an employee, supplier or a partner. Maybe even as a small investor…
Please drop me a note [email protected] – I look forward to your thoughts.