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Magnora ASA ( (SVMRF) ) has provided an update.
Magnora ASA has launched the Magnora Scale Averøya, a high-density AI-ready data center project near Kristiansund, with a capacity of up to 100 MW. The project, developed in partnership with Averøy Industripark and Tore Knapskog, aims for a clean exit upon reaching full technical and permitting maturity. Strategically located near Kristiansund Airport and a land-based aquaculture project, it offers significant opportunities in a critically undersupplied market for liquid-cooled high-density capacity in the Nordics.
The most recent analyst rating on (SVMRF) stock is a Buy with a NOK32.00 price target. To see the full list of analyst forecasts on Magnora ASA stock, see the SVMRF Stock Forecast page.
More about Magnora ASA
Magnora ASA is a renewable-energy group involved in developing data center, wind, solar, and battery projects. The company operates in Europe and Africa through various portfolio companies and is listed on the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 115,911
Current Market Cap: NOK1.28B
See more insights into SVMRF stock on TipRanks’ Stock Analysis page.