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Bitzero Holdings Inc. provides an operational update as it marks its first week of trading on Nasdaq. The company is developing over 1GW of planned AI and high-performance compute data center capacity across North America and the Nordics, powered by low-carbon energy.
At its 110MW Namsskogan, Norway campus, construction is advancing with foundations underway for two 60MW transformers and substation upgrades. Bitzero signed a binding letter agreement with OneQode for a 15-year lease of the full 110MW, which would generate approximately US$2.6 billion in total revenue and around US$151 million in annual net operating income at full capacity, although a definitive lease has not yet been executed.
In Kokemäki, Finland, engineering due diligence is complete for up to 520MW, with an initial 80MW phase targeted for service in 2027 and long-term plans for 600–1,000MW. The company positions its Nordic sites to address AI infrastructure power constraints by pairing high-density compute with renewable, cost-efficient energy.