May 29, 2024

Penguin Group forms strategic alliance with leading European AI company

Penguin Group, a leader in High-Performance Computing (HPC) and cloud solutions in South America, announces a strategic partnership with Northern Data Group, a European leader in Artificial Intelligence, cloud services, and digital assets with data centers in Germany, the United States, and Norway. 

The initial step of this partnership will implement 28 MW of power capacity in Hernandarias, representing an estimated investment of USD 30 million in the Penguin Group Data Center, marking the European giant’s entry into South America.

Northern Data Group has spearheaded several Artificial Intelligence projects with various partners, staying at the forefront of technology and the services they offer to clients worldwide. The first project to be undertaken in partnership with Penguin Group will be in the field of large-scale digital assets, highlighting both companies' commitment to sustainability and technological innovation. This initial step is necessary to evaluate and enhance the capabilities of the services offered from Paraguay.

Penguin Data Center - Hernandarias, Paraguay

Björn Schmidtke, CEO of Penguin Group, expressed his enthusiasm for the alliance: "This partnership with Northern Data Group not only strengthens our position as specialists in High-Performance Computing and cloud services in the region but also expands our capabilities and offerings in cutting-edge technology sectors. At Penguin, we are dedicated to advancing in a world that demands high-quality services and continuous innovation to thrive and evolve."

Aroosh Thillainathan, CEO of Northern Data Group, commented: "This partnership is strategic for Northern Data Group as it consolidates our position in the global High-Performance Computing market. I am particularly pleased to collaborate with Penguin Group, given their impressive sustainability standards. This is our first expansion into South America and represents another milestone for the company as it continues to scale its international Bitcoin mining capabilities."

The global data center industry is growing rapidly. Valued at $466 billion in 2020, it is expected to reach $948 billion by 2030. Projects of this nature enable Paraguay to position itself on the map of these services.

This alliance represents a significant step forward for attracting investments to the country in data processing, Bitcoin mining, cloud services, and Artificial Intelligence, where the opportunities for industry development and the efficient use of available energy are a chance for regional positioning and development in the technology sector.