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- atNorth
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
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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Usage-based
Valuation
$4B (acquired Feb 2026)
Sectors
atNorth Acquisition
atNorth was acquired by CPP Investments for $4B on 26 February 2026.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 26 Feb 2026 | PE buyout | $4B |
atNorth Funding History
atNorth has 1 recorded secondary share sale and no primary funding rounds.
| Date | Stage | Investors |
|---|---|---|
| Feb 2026 | Secondary | Equinix |
Who has invested in atNorth?
1 investor has backed atNorth across its funding rounds, including Equinix.
atNorth Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 atNorth investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Göteborg |
| Deal Date | 29 Aug 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all atNorth acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $141M | ($248M) | $3.8B | - | ||
| Publicly listed | $2.9B | $194M | $4.3B | 1.5x | ||
| Publicly listed | $60B | ($177M) | $4.3B | 0.2x | ||
| Private | - | - | $4.4B | - | ||
| Publicly listed | $8.2B | $417M | $4.5B | 0.7x | ||
| Private | $150M | - | $3.5B | 23.3x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $141M | ($248M) | 25.4x | - | (14.5x) | - | |||
| $2.9B | $194M | 1.8x | 1.5x | 26.6x | 15.9x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $8.2B | $417M | 0.7x | 0.7x | 14.2x | 9.8x | |||
| $620M | $331M | 7.3x | 5.3x | 13.7x | 35.7x | |||
| $1.1B | $72M | 3.5x | 3.6x | 51.4x | 18.4x | |||
| $71M | $30M | 54.5x | 41.4x | 129.6x | - | |||
| $987M | $375M | 8.7x | - | 23.0x | - | |||
This data is available for Pro users. Sign up to see all atNorth competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to atNorth
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