Not really. Areas of recent geologic activity can be avoided. Most cable damage in shallow waters is due to fishing. Irish Sea is notorious. It happens even though the cables are armored. Burying helps to protect them.
No, the real issue is that no body got the power savings they were expecting. There are several aluminum smelter plants in Iceland, but they operate on a very large scale. A small data center will not generate huge interest from local power providers. Too small. And everyone knows everyone there so collusion ... Roderick Beck Sales Director/Europe and the Americas Hibernia Networks This e-mail and any attachments thereto is intended only for use by the addressee(s) named herein and may be proprietary and/or legally privileged. If you are not the intended recipient of this e-mail, you are hereby notified that any dissemination, distribution or copying of this email, and any attachments thereto, without the prior written permission of the sender is strictly prohibited. If you receive this e-mail in error, please immediately telephone or e-mail the sender and permanently delete the original copy and any copy of this e-mail, and any printout thereof. All documents, contracts or agreements referred or attached to this e-mail are SUBJECT TO CONTRACT. The contents of an attachment to this e-mail may contain software viruses that could damage your own computer system. While Hibernia Networks has taken every reasonable precaution to minimize this risk, we cannot accept liability for any damage that you sustain as a result of software viruses. You should carry out your own virus checks before opening any attachment.