Iceland Woos Microsoft for Part of $41 Billion Data Market: Tech
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On the southwestern tip of Iceland, housed in a former NATO air command base, a new data center is waiting to host the world’s information.
Tapping into a ready supply of geothermal energy and cool temperatures, Bjorgolfur Thor Bjorgolfsson, Iceland’s first billionaire and the former owner of one of its largest failed banks, is turning to the elements to attract customers to store data on the island and capture a slice of a $41 billion market.