Ardent Data Centers is acquiring three data centers as part of a €110 million ($119m) investment plan.

The data center firm said it has successfully agreed letters of intent with two sites in the US and is the preferred bidder on a third in the UK.

All three acquisitions are on track to be finalized by the end of Q1 2024.

Details of the data center locations, specifications, and the terms of the individual deals were not shared.

Ardent said its three sites, once acquired, will be upgraded and retrofitted to feature purpose-built liquid cooling technology.

Corey Needles, Ardent Data Centers MD, said: “We are focused on building the most efficient, future-ready network of HPC colocation capacity in the market. These sites will represent an important next step in the expansion of our portfolio and are the most recent in a series of investments across strategic locations, with more to come. Powering the next generation of HPC innovation is central to Northern Data Group’s strategy, and scaling Ardent’s data center portfolio is core to realizing this ambition.”

Ardent was formed earlier this year after high-performance computing (HPC) infrastructure provider Northern Data Group separated its operations into three different brands: Taiga Cloud, Ardent Data Centers, and Peak Mining.

The company currently operates space at two sites in Boden, Sweden; and Lefdal, Norway. The company also claims a presence US, Canada, Netherlands, and Germany.

Ardent will provide its sister company, Taiga Cloud, with infrastructure for its current and future Nvidia H100 deployments.

Aroosh Thillainathan, Northern Data Group CEO, added: “The rapid progress being made by the Ardent team will support Northern Data Group in providing the infrastructure required to fully capitalize on the vast opportunity in the HPC market. This is a further demonstration of our ability to relentlessly pursue growth opportunities, delivering value for stakeholders, and further establishes our position as a leader in this global industry.”

Northern Data Group was initially founded as Northern Bitcoin AG in Germany in 2009 and branded itself as a ‘green’ Bitcoin mining company. In 2019, it merged with Whinstone US whose CEO, Aroosh Thillainathan, then became CEO of the joint company. In 2020, Northern Bitcoin was officially renamed as Northern Data Group and moved its focus to HPC. Whinstone was sold to Riot in 2021.