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Nautilus Data Technologies wants to build a floating data center to take advantage of both water cooling and cheaper real estate . Despite having raised $ 36mn in a Series C funding round back in 2017 , Nautilus ’ projects have long been in limbo . Last year , however , the company gained approval to launch a vessel in Limerick , Ireland . The company ’ s CEO has said of the company ’ s ambitions : “ All of our major city population centers have [...] ports with spare capacity . All over the world it is the cheapest real estate ”. www . gigabitmagazine . com