atNorth Acquisition & Valuation

atNorth was acquired by CPP Investments for $4B in February 2026.

atNorth acquisition price

$4B

Acquired by CPP Investments · Feb 2026

Key investors in atNorth

atNorth Overview

About atNorth

atNorth is a Reykjavik-headquartered Nordic operator of renewable energy-powered data centers providing colocation, cloud, and high-performance computing services for AI, simulation, and visualization workloads. The company runs facilities in Iceland, Sweden, and Finland, with expansions planned for Helsinki in 2025, Ballerup and Ølgod in Denmark, and Kouvola in Finland. atNorth acquired HPC specialist Gompute in 2023 to bolster its full-stack offerings featuring PUE below 1.2 through seawater cooling and geothermal power. Founded in 2009 and backed by Partners Group since 2022, it hosts workloads for research institutions and tech firms across Europe.


Founded

2010

HQ

IcelandReykjavík

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Valuation

$4B (acquired Feb 2026)

atNorth Acquisition

atNorth was acquired by CPP Investments for $4B on 26 February 2026.

atNorth acquisition details
AcquirerDateTypePrice
  • CPP Investments
26 Feb 2026PE buyout$4B

atNorth Funding History

atNorth has 1 recorded secondary share sale and no primary funding rounds.

atNorth funding rounds
DateStageInvestors
Feb 2026SecondaryEquinix

Who has invested in atNorth?

1 investor has backed atNorth across its funding rounds, including Equinix.


atNorth Investors

Investors in atNorth by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by atNorth

atNorth has acquired 1 company to date.

Last acquisition by atNorth was on August 29th 2023. atNorth acquired Gompute for undisclosed valuation.


Latest Acquisitions by atNorth

Gompute
Description
Gompute is a High Performance Computing provider offering hybrid solutions combining on-premises clusters with cloud resources from AWS and Azure. It specializes in GPU-accelerated workloads for AI, simulations, and rendering, serving sectors like media and research. Based in London, United Kingdom, Gompute manages 10,000+ CPU cores and 500 GPUs across its infrastructure. Established in 2018, it supports clients such as BBC and universities with pay-per-use billing.
HQ CountrySweden
HQ City
Göteborg
Deal Date29 Aug 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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atNorth Competitors

atNorth competitors include listed companies like Ionic Digital, Fujian Star-Net, Galaxy Digital and Insight Enterprises, and private ones like Yotta Infrastructure and Vultr.

Public and private companies comparable to atNorth
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Ionic DigitalUnited StatesUnited StatesPublicly listed$141M($248M)$3.8B-
Fujian Star-NetChinaChinaPublicly listed$2.9B$194M$4.3B1.5x
Galaxy DigitalUnited StatesUnited StatesPublicly listed$60B($177M)$4.3B0.2x
Yotta InfrastructureIndiaMumbaiPrivate--$4.4B-
Insight EnterprisesUnited StatesUnited StatesPublicly listed$8.2B$417M$4.5B0.7x
VultrUnited StatesWest Palm Beach, FLPrivate$150M-$3.5B23.3x

atNorth Public Comps

atNorth is no longer listed, but its public comps include Ionic Digital, Fujian Star-Net, Galaxy Digital, Insight Enterprises, Bitdeer, Sinnet Technology, DigitalBridge Group, Csquare, Time Dotcom and Rigetti.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ionic Digital$141M($248M)25.4x-(14.5x)-
Fujian Star-Net$2.9B$194M1.8x1.5x26.6x15.9x
Galaxy Digital$60B($177M)0.1x0.2x(43.3x)(182.6x)
Insight Enterprises$8.2B$417M0.7x0.7x14.2x9.8x
Bitdeer$620M$331M7.3x5.3x13.7x35.7x
Sinnet Technology$1.1B$72M3.5x3.6x51.4x18.4x
DigitalBridge Group$71M$30M54.5x41.4x129.6x-
Csquare$987M$375M8.7x-23.0x-

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Common questions about atNorth

When was atNorth founded?atNorth was founded in 2010.
Where is atNorth headquartered?atNorth is headquartered in Reykjavík, Iceland.
Is atNorth publicly listed?No, atNorth was acquired by CPP Investments in February 2026.
Who acquired atNorth?atNorth was acquired by CPP Investments in February 2026.
How much was atNorth acquired for?atNorth was acquired for $4B in February 2026.
Who are atNorth's investors?atNorth's investors include Equinix.
Which companies are comparable to atNorth?Companies comparable to atNorth include Ionic Digital, Fujian Star-Net, Galaxy Digital, Yotta Infrastructure, Insight Enterprises and Vultr.
How many companies has atNorth acquired?atNorth has acquired 1 company, including Gompute.

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