Group composition.
GreenGridLabs sites are operated by local companies — GreenGridLabs Finland Oy (Helsinki, operational), GreenGridLabs Sweden AB (Stockholm, pre-launch) and GreenGridLabs Germany GmbH (active, site in development) — each a standalone legal entity with its own management, engineering team and local regulator. The operating entities are owned by Riveon AG, a Swiss technology group headquartered in Zug, which serves as the asset owner and parent company in the consolidated accounts.
Riveon AG is a Swiss limited company with a registered office in Zug, named managing directors, audited financial statements and shareholders of record in the Swiss commercial register. Consolidated accounts are prepared under Swiss GAAP FER.
The local-operator model.
A datacenter in Finland is a Finnish asset. The grid connection runs through the national system operator, permits are issued by the regional ELY centre, tax and payroll are Finnish, and the regulator is Finnish. The same principle holds for Sweden and Germany, each under its own legal framework. None of this can be run sensibly from another country.
Each site therefore has a local operating company with local management, local engineers, local payroll and local books. The counterparty on every grid connection, municipal permit and customer contract is the entity on the ground. That delivers a clearer experience for the customer, the local authority and the lenders financing the asset.
A single European footprint.
The group's assets, staff, suppliers and customer relationships sit within the European Union, the European Economic Area and Switzerland. One footprint, four commercial registers, audited accounts in each jurisdiction. That is the structure — the same structure presented to a municipality evaluating a permit, a utility evaluating a grid connection, a lender evaluating a financing, and a customer evaluating an RFP.
Counterparty screening.
Every customer, supplier, lender and landlord transacting with a group entity is screened against the consolidated EU sanctions list and relevant national lists before contract execution, and again at renewal and on material change. The control sits at the local operating entity, is fully documented, and is available to the group's auditors. This is standard practice for a European critical-infrastructure operator. It is called out here because serious customers and lenders ask early — and the answer is always the same.
Why this matters.
HPC and AI workloads are increasingly hosted under compliance, data-sovereignty and sustainability frameworks that all ask variants of the same question: who owns the site, who operates it, and under which jurisdiction? A group structured the way GreenGridLabs is answers that in one sentence per country — and the answer does not change under closer inspection.