Mr. David Rowe reports
HYDRO66 ANNOUNCES STRONG QUARTER ON QUARTER GROWTH AND H1 2019 INTERIMS
Hydro66 Holdings Corp. has released its first half of 2019 results and management's discussion and analysis documents. Hydro66 continues to be well positioned to take advantage of the exponential growth in data and environmental computing trends by providing access to low-cost, green energy in an ultra-efficient hyperscale colocation data center. The company has already built the largest High-Performance Computing ("HPC") colocation data center in Europe with further potential to expand existing capacity.
- Q2 2019 revenue jumps from C$582k Q1 2019 to C$1,414,000 Q2
- Pipeline strong, blockchain and more traditional Enterprise customers continue to arrive
- 19.2 MW capacity gives room for robust future growth
- Open Compute Project (OCP) promising with first customer live
- Investment in Enterprise sales capability with new resources in Sweden and Brussels
- Highly efficient facility with industry leading PUE (Power Usage Effectiveness) of 1.07 using 90% less power than average EU data centers (PUE 1.7)
David Rowe, Hydro66 Chairman, commented: "Having built out to 19.2 MW in Sweden in 2018 we are pleased with the revenue growth from Q1 to Q2 2019. The sales pipeline is promising for the future growth of the business, both in Blockchain services and more traditional Enterprise colocation. It is also pleasing to see a growing awareness of the industry leading efficiency and minimal carbon footprint of our award-winning data center utilising surplus local hydropower from the Lule River grid system. The death of distance is creating new opportunities for innovative data centers like ours and initiatives like the Open Compute Project are driving demand. The future is disruptive and green."
Hydro66 owns and operates an award-winning colocation data center in Sweden specializing in High Performance Computing ("HPC") hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU's lowest power prices and within an ISO27001 accredited facility.
Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise collocation data center market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden. www.hydro66.com
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