About us
What we do
Magnora Data Center operates within two complementary business lines:
- Data center development
Securing land, grid and permits to deliver ready-to-build sites - Data center operations
Co-location, AI hosting and sovereign cloud through Storespeed
Development projects are typically taken from greenfield to ready-to-build, at which point they are sold or partnered out to operators, hyperscalers or infrastructure investors. Magnora Data Center can also deliver subsequent project management and support where relevant.
Through Storespeed, Magnora Data Center owns and operates data center capacity directly — serving enterprises that require redundancy, low latency and in-country data residency.
Magnora Data Center is pragmatic about how it engages across the value chain, and will dynamically adapt the offering where its capabilities match market opportunities. Main focus is on short lead-time projects and high-quality sites.
Business model and value creation
Magnora Data Center delivers on sustainability and profitability through systematically and consistently:
Bringing data center projects from greenfield to ready-to-build
Ensuring cost discipline and strict project management
Deploying entrepreneurial teams with excellent operational skills
Staying capital-light on development projects, bringing in new owners before construction phase
Prioritising project quality, risk management and progress over volume
Accelerating development, delivering robust, scalable solutions faster than competitors
Magnora Data Center focuses on developing medium to large-scale data center projects, and on operating data center capacity through our subsidiary Storespeed. We assess a wide range of opportunities before selecting or initiating projects. For our development projects, the strategy is to exit when projects reach ready-to-build or near-ready stages — bringing in operators, hyperscalers or infrastructure investors to take projects through construction and operations. For Storespeed, we operate and grow the asset directly, with co-location, AI hosting and sovereign cloud as core services. Growth is primarily organic, driven by a pragmatic and disciplined approach to project selection and execution.
Magnora Data Center’s revenue model combines project sales og milestone payments with recurring revenues from Storespeed operations. Project sale revenues may fluctuate based on market conditions and timing, while underlying value creation remains steady, driven by a growing project portfolio, grid applications, permitting progress, and the build-out of operational capacity. Magnora Data Center was during the spring of 2026 established as a separate group but still with Magnora ASA as a parent company, and building on Magnora’s track record of value creation in renewables and infrastructure since 2019.
Values
Magnora Data Center’s core values are:
Integrity
We conduct our business with integrity and respect for the law and cultures everywhere we operate. We favour long-term partnerships and make thorough due diligence of business partners and suppliers. We build trust through fair and transparent behaviour.
Velocity
We have a strong sense of urgency in bringing data center projects forward. We have lean, effective teams, and short decision lines. We apply our experience to take projects fast and steadily to the next phase.
Innovation
We constantly improve the way projects are originated and brought to the market. We look for opportunities, adapt and change. We challenge ourselves, our colleagues and our business partners. We make a difference by standing out and thinking ahead.