Lefdal Mine Datacenter
- Sector Communications
- Year invested 2026
- Location Norway
- Status Current
Lefdal Mine Datacenter is a large-scale underground data centre campus on Norway’s west coast.
Overview
Lefdal Mine Datacenter (‘LMD’) is a large-scale underground data centre campus on Norway’s west coast. Developed within a former mine, the facility benefits from structurally lower capex and an ability to provide customers with access to low-cost hydroelectric power through a unique fjord-based cooling system, delivering industry-leading energy efficiency. LMD provides secure, dedicated capacity to customers for high performance, data intensive workloads. This is supported by long-term, availability-based contracts and significant expansion potential within its existing infrastructure.
Investment rationale
In 2026, 3i Infrastructure plc invested c.€263m in LMD, a high-quality Norwegian HPC-focused data centre campus
- Unique, scalable, energy-efficient data centre platform in a high-growth market
- Well-positioned to capture growing demand from high-performance and data-intensive workloads, driven by digitalisation and increasing compute intensity across customer segments
- Benefits from structurally lower capex costs and the ability to offer customers low-cost renewable hydro power and highly efficient cooling infrastructure, supporting attractive unit economics
- Provides customers with mission-critical infrastructure under long-term, availability-based contracts, delivering high revenue visibility and resilience
- Scalable campus with significant expansion capacity within existing site, enabling growth alongside increasing customer demand in an attractive Nordic data centre market
Regulatory information
This transaction involved a recommendation of 3i Investments plc.