Once you move to the cloud you can locate your data-center anywhere where network connectivity is available. Given the cost of powering and cooling data-centers is significant it makes sense to find somewhere with green electricity and lots of available cooling – but also with a stable society and reasonable laws. Iceland is a good candidate.
Hence it is unsurprising to see the following from the Register:
This cable will provide “Iceland with the required connectivity to support the anticipated explosive growth of low cost, 100% carbon free, renewable energy powered data centres, in which the Wellcome Trust, has a major investment,” said EA president Greg Varisco.