There is not much life, because it is too cool to live in fresh water. But in very cold salt water, we can see much life as in Antarctica.
When I dove Silfra the water was 3C (in June but it's consistent year round). I am looking at my log and it says viz 150+m.
We did some sea dives in Iceland. Viz was 3-5m, 3-4C but did see some life. We dove thermal chimneys (hot 90C water bubbling out of the structure). The large chimney was covered with small starfish and mussel-like critters. In my dive log I noted wolf fish, anemones and small prawns.