Some of those servers are located in north Sweden, where electricity is cheaper (for now [1]) I expect it to be even cheaper for example on Iceland with an abu

Some of those servers are located in north Sweden, where electricity is cheaper (for now [1]) I expect it to be even cheaper for example on Iceland with an abundance of hydro power. [1] They are also trying to redefine steel-processing there and that will use a lot of electricity if they succeed.