NIB finances cloud computing capacity in Finland
· The Nordic Investment Bank (NIB) has signed a 4-year EUR 22 million InvestEU-backed loan with Verda Cloud Oy. · The financing will be used for investments in high-performance computing infrastructure. · The project supports the development of European digital infrastructure and an EU-based cloud service provider. The loan will finance the acquisition of graphics processing units (GPUs) and related networking and storage equipment. These investments will enable the development of new servers with high-performance computing capacity deployed in data centres, primarily in Finland.