REYKJAVÍK, Iceland, Nov 18, 2025 – atNorth has formed a partnership with Options Technology to host its private AI solution at atNorth’s ICE02 data center in Iceland.
Options is expanding its infrastructure in response to demand from financial firms. Hedge funds, investment banks and proprietary trading firms are driving this need. They require high-density computing power for AI applications. These AI tools are used for developing trading strategies, managing risk and analyzing data.
The company is addressing a market need for private cloud infrastructure. This infrastructure is designed for the financial services industry. Options selected the atNorth ICE02 data center campus for this expansion. The company cited the site’s ability to provide a secure and scalable solution. The location in the Nordics also supports goals for cost-effective and sustainable operations.
atNorth’s data centers are located in Iceland and Sweden. These Nordic facilities occupy a midpoint between the financial capitals of New York and London. They leverage high-speed, low-latency fiber links to bridge these markets. This connectivity is engineered for demanding AI and high-performance computing tasks. Furthermore, the data centers tap into the region’s natural resources. This strategy delivers a supply of affordable, renewable energy.
“By partnering with atNorth we are able to offer a tailored private cloud environment for our clients’ AI workloads in a secure and sustainable way” says Danny Moore, president and CEO of Options Technology. “Their ambitious growth plans mirror our own expansion strategy, and we look forward to a successful long-term collaboration”.
“Data intensive businesses are increasingly looking for high density, AI ready facilities that can scale responsibly”. said Anders Fryxell, CSO at atNorth. “We are delighted to welcome Options Technology to our ICE02 data center as they continue to expand their industry leading offering”.
The news follows atNorth’s announcement of a number of partnerships with Crusoe in Iceland, Nokia in Finland and 6G AI Sweden AB in Sweden.
Source: atNorth
About atNorth
atNorth, based in Reykjavík, Iceland, operates data centers across the Nordic region, providing high-density colocation, build-to-suit facilities, and connectivity services for enterprises, hyperscalers, and high-performance computing (HPC) users. The company serves industries such as AI, cloud computing, infrastructure, and research. Founded in 2009, it has operated for about 16 years. atNorth runs eight data centers in Iceland, Sweden, and Finland, with additional sites under construction in Kouvola, Finland, and Ølgod, Denmark, and a planned facility in Sollefteå, Sweden. Its operations use renewable energy and emphasize energy efficiency and circular economy principles. The company designs its facilities for scalability, power efficiency, and flexible deployment to meet long-term infrastructure needs across the region.
About Options Technology
Options Technology was founded in 1993 and is headquartered in New York, NY. The company provides technology services to financial institutions. Its offerings include managed cloud infrastructure for trading operations and market data services. The platform also features risk management and analytics tools. Other services are colocation and high-performance computing. The firm supports trading across various asset classes. Its customers include investment banks, hedge funds and proprietary trading firms. Brokerages and asset managers also use their services. The company caters to participants in global capital markets. It serves more than 200 clients worldwide. Options Technology employs more than 300 people globally. Its infrastructure supports low-latency electronic trading from financial centers in North America, Europe and Asia through a consolidated technology platform.