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How Iceland Turned Cheap Geothermal Into a Data Center Powerhouse
Iceland now hosts over 20 large-scale data centers, drawing hyperscale cloud operators and cryptocurrency miners with power costs roughly 70% lower than the global average. This episode traces how a small volcanic island with 376,000 residents leveraged its unique geology to become a serious contender in the global data economy. We look at the specific numbers: Level39's analysis shows Iceland's electricity price for industrial users at roughly $0.043 per kilowatt-hour versus a US average of $0.075. We also examine the tension between low-cost computing and Iceland's limited…
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