Options Technology has selected an atNorth data center in Iceland to host its private cloud platform.

The provider of capital markets infrastructure will deploy its hardware at the ICE02 atNorth data center in Iceland.

According to Options, the company aims to address a gap in the market for private cloud infrastructure for the financial services sector. The company is seeing increased demand from financial firms for high-density compute, specifically related to AI trading strategies and data analytics.

“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,” said 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,” added Anders Fryxell, CSO of atNorth. “We are delighted to welcome Options Technology to our ICE02 data center as they continue to expand their industry-leading offering.”

How much capacity Options is leasing from atNorth has not been shared.

ICE02, located in Keflavik, is a data center campus spanning nine hectares (22.2 acres) of land. The campus has a total power capacity of 83MW, and operates with a PUE of 1.2 or lower. It is able to support 40kW air-cooled and 100kW via direct-to-chip liquid-cooling; the site uses chilled water systems in combination with dry coolers plus natural free cooling. The company announced a 35MW expansion of the site last year.

Earlier this year, Crusoe expanded its lease at the ICE02 data center campus, adding 24MW to the previously contracted 33MW of capacity.