- 3 Scenarios Lear Capital Founder Kevin DeMeritt Says Precious Metals Could Protect Against
- Tips To Increase Your Appointment Setting Conversion Rate in 2022 According to Bruntwork
- Amazon FBA, Shipping, Receiving: Kitting and Assembly Solutions Keeps it All Signed, Sealed and Delivered for a Global Marketplace On the Go
Google's USD607 million investment to triple size of Hamina data facility
Tech giant Google announced on Monday that it will put in an additional investment amounting to USD607 million into its data center in Finland. The new investment will be spent over the next few years to increase the size of its data site built on Hamina, according to a report by Reuters.
The EUR450 million (USD607 million) will be used for the expansion of its seawater-cooled facility in Finland. This new round of fund will triple the size of that facility after the expansion is completed, the report said.
Google purchased a facility in Hamina from a local paper company in 2009. The tech company took advantage of its proximity to the Bay of Finland's cool waters and used it to cool its servers.The tech giant spent an initial EUR200 million in buying the property and convert it into a data center which opened in 2011, the Reuters report stated.
According to Bloomberg, the tech giant would be expanding its Finnish data center to meet the rapidly rising demands for mobile video and cloud computing. The data facility currently has a staff of 125 people, but Google plans to hire more staff in the next few years, said Reuters.