Bitzero clears $25M debt, advances Nordic build

Bitzero Holdings Inc. (AIBZ) reports that it has fully repaid its $25 million debt facility, removing related liens and security interests and leaving the company with no material debt obligations.

Rhea-AI Filing Summary

Bitzero Holdings Inc. (AIBZ) reports that it has fully repaid its $25 million debt facility, removing related liens and security interests and leaving the company with no material debt obligations. Operations and remaining power-related capital expenditures are being funded from ongoing cash flow generated by its bitcoin mining activities, which currently benefit from improving mining economics.

The company continues to advance its Nordic data center platform. At its Norway site, Bitzero expects power readiness for 110MW this year, supported by foundations completed for two 60MVA transformers and expected Q4 delivery of the transformers and high-voltage cable. In Finland, the first plot is expected to support 80MW of gross load, backed by a neighboring petrochemical site for backup power. Bitzero expects ready-for-service capacity for potential tenants beginning between Q4 2027 and Q1 2028, including 110MW in Norway and 80MW in Finland, and continues active lease and offtake discussions across its Nordic portfolio.

Positive

• Fully repaid $25 million debt facility, eliminating related liens and leaving Bitzero with no material debt obligations, which strengthens the balance sheet and capital structure.
• Nordic expansion advancing with planned 110MW power readiness in Norway and 80MW gross load in Finland, supporting future tenant capacity from Q4 2027–Q1 2028.

Negative

• None.

Filing Explained

Tenant-build capital spending is conditional on signed leases; no significant pre-lease requirement is currently anticipated.

Bitzero reports that major capital spending for tenant deployment is expected to occur through project-level financing only after a lease is signed, while lease discussions remain active. The company therefore describes no significant pre-lease capital requirement as currently anticipated, rather than a completed tenant-financing commitment.

The planned spending remains conditional: the release identifies potential tenants, expected future ready-for-service capacity, and definitive lease or offtake agreements that have not yet been reported as executed.

The stated funding approach depends on continued cash flow from bitcoin mining and on project financing being available when tenant deployment begins.

The key resolution points are execution of leases or offtake agreements, delivery and commissioning of the Norway transformers and high-voltage cable in the fourth quarter of 2026, and the required permits, grid connections, construction progress, and financing.

Key Figures

Debt facility repaid: $25 million Norway site power readiness: 110MW Transformer capacity: Two 60MVA transformers +4 more

7 metrics

Debt facility repaid $25 million Fully repaid debt facility, with liens and security interests released

Norway site power readiness 110MW Expected power readiness this year at the Norway site

Transformer capacity Two 60MVA transformers Foundations completed; transformers en route with expected Q4 delivery

Finland first plot gross load 80MW Expected gross load supported by the first Finland plot

Norway ready-for-service capacity 110MW Expected available for potential tenants from Q4 2027 through Q1 2028

Finland ready-for-service capacity 80MW Expected available for potential tenants from Q4 2027 through Q1 2028

News release date September 1, 2026 Date of the corporate update news release

Key Terms

high-performance compute (HPC), power readiness, ready-for-service capacity, offtake, +1 more

5 terms

high-performance compute (HPC) technical

"a provider of sustainable high-performance compute ("HPC") and AI data center infrastructure"

High-performance computing (HPC) is the use of very powerful computers and specialized software to solve large, complex problems much faster than ordinary PCs, like using a construction crane instead of a hand cart to move heavy loads. Investors care because HPC enables faster product design, data analysis, and research across industries — driving competitive advantage, unlocking new revenue opportunities, and often requiring significant capital or recurring cloud spending that affects a company’s costs and growth prospects.

power readiness technical

"continues to expect power readiness for 110MW this year"

ready-for-service capacity technical

"expected to have ready-for-service capacity available beginning in Q4 2027"

Installed capacity that has been completed, tested, commissioned and is available to deliver goods or services immediately upon demand. For investors, it indicates the portion of a project or facility that can start generating revenue or output right away, like a finished restaurant with tables set and staff ready; it matters because it affects near-term production forecasts, cash flow potential and the timing of returns.

offtake financial

"leasing progress and other offtake activity across its Nordic portfolio"

An offtake is a contract where a buyer commits in advance to purchase a company’s future output—such as raw materials, energy or finished goods—often at agreed volumes and prices. For investors, an offtake provides predictable revenue and lowers the risk that production will go unsold, similar to a long-term subscription or pre-order that helps a factory or mine secure funding and plan operations with greater confidence.

gross load technical

"The first plot, which is expected to support 80MW of gross load"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major balance sheet change did Bitzero Holdings Inc. (AIBZ) announce?

Bitzero fully repaid its $25 million debt facility, and all related liens and security interests have been released from its assets. The company states that it now has no material debt obligations, which it views as strengthening its balance sheet and capital structure.

How is Bitzero (AIBZ) funding its operations and capital expenditures?

Bitzero states it is funding operations and remaining power-related capital expenditures through bitcoin mining operations. At current bitcoin prices, management reports improving mining economics and increasing profitability that provide ongoing cash flow support to the business.

What capacity is Bitzero (AIBZ) developing at its Norway site?

At its Norway site, Bitzero continues to expect power readiness for 110MW this year. Foundations for two 60MVA transformers are completed, with the transformers and high-voltage cable expected to arrive in the fourth quarter as final steps toward energization and customer readiness.

What is the planned capacity for Bitzero’s Finland data center campus (AIBZ)?

In Finland, Bitzero’s first plot is expected to support 80MW of gross load for the planned data center campus. The company has also secured a neighboring petrochemical site to provide backup power, with the power build-out expected to progress in parallel with data center development.

When will Bitzero (AIBZ) have ready-for-service capacity for tenants in the Nordics?

Bitzero expects ready-for-service capacity to be available for potential tenants between Q4 2027 and Q1 2028 at its Nordic sites, including 110MW in Norway and 80MW in Finland, subject to project execution and development progress.

How does Bitzero (AIBZ) plan to finance tenant deployment capex?

Bitzero expects that major capital expenditures required for tenant deployment will be project level financed and incurred once a lease has been signed. Based on this expectation, the company does not currently anticipate significant capital requirements prior to lease execution.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/01/2026 - 07:01 AM EDT Accepted by SEC EDGAR 09/01/2026 - 07:01 AM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-43300

BITZERO HOLDINGS INC.

(Registrant)

1100 One Bentall Centre
505 Burrard Street, Suite 1100

Vancouver, British Columbia, V7X 1M5 Canada

(Address of Principal Executive Offices)

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	BITZERO HOLDINGS INC.
	(Registrant)
Date: September 1, 2026	By	/s/ Mohammed Bakhashwain
		Mohammed Bakhashwain
		Chief Executive Officer

EXHIBIT INDEX

Exhibit		Description of Exhibit
99.1		News Release dated September 1, 2026 - Bitzero Provides Corporate Update on Balance Sheet, Site Readiness and Leasing Progress

FOR IMMEDIATE RELEASE

Bitzero Provides Corporate Update on Balance Sheet, Site Readiness and Leasing Progress

Company reports full repayment of its debt facility, continued operating cash flow from bitcoin mining, and available capacity for prospective tenants across its Nordic portfolio

Vancouver, BC - September 1st, 2026 // Bitzero Holdings Inc. (Nasdaq: AIBZ) (CSE: AIBZ.U) (FSE:000) ("Bitzero" or the "Company"), a provider of sustainable high-performance compute ("HPC") and AI data center infrastructure, today provided a corporate update covering its balance sheet, operating profile, site development progress, and leasing progress and other offtake activity across its Nordic portfolio.

The Company has fully repaid its $25 million debt facility, marking an important milestone in the continued strengthening of Bitzero's balance sheet and capital structure. Following the repayment, all liens and security interests previously granted in connection with the facility have been released from the Company's assets in accordance with the applicable payoff, discharge and release mechanics. With a growing base of infrastructure assets and no material debt obligations, Bitzero believes it is well positioned to continue advancing its platform from a position of increased financial strength. The Company continues to fund operations and remaining power-related capital expenditures through its bitcoin mining operations, which provide ongoing cash flow support to the business. At current Bitcoin prices, the Company's mining operations continue to benefit from improving economics and increasing profitability. Bitzero expects that the major capital expenditures required for tenant deployment will be project level financed and incurred once a lease has been signed. As a result, the Company does not currently anticipate significant capital requirements prior to lease execution.

Bitzero also provided an update on development progress at its Norway site, where the Company continues to expect power readiness for 110MW this year. The foundations for the site's two 60MVA transformers have been completed, and the transformers themselves are currently en route to the site with expected delivery in Q4. The high-voltage cable is also scheduled to arrive in Q4, representing one of the final steps toward energization this year and subsequent customer readiness.

Norway Site 110MW Expansion Under Construction

At its Finland site, Bitzero has secured a neighboring petrochemical site to provide backup power in support of the planned data center campus buildout. The related power build-out is expected to be completed in parallel with development of the data center itself. The first plot, which is expected to support 80MW of gross load, is already industrially zoned, along with two other zoned plots, while additional plots forming the total planned campus area are expected to be developed in parallel with phased power readiness.

The Company continues to advance lease discussions across its portfolio and is expected to have ready-for-service capacity available beginning in Q4 2027 through Q1 2028 for potential tenants at both of its Nordic sites, including 110MW in Norway and 80MW in Finland. In support of these efforts, Bitzero has built out the execution platform around its sites through previously announced partnerships, including its strategic relationship with Vertiv, as well as the engagement of best-in-class consultants and project partners to support engineering, infrastructure planning, and overall project delivery.

"Repaying the debt facility marks an important step in strengthening the Company financially, but the larger story is the continued execution and positioning of our platform," said Founder & CEO, Mohammed Bakhashwain. "From power readiness and expansion planning in Norway, to ongoing site advancement in Finland, to active lease discussions across our Nordic portfolio, we are continuing to move the business forward in a disciplined way. With ready-for-service capacity expected to be available beginning in Q4 2027 through Q1 2028, and with the support of Vertiv, local consultants, and project partners, we believe Bitzero is well positioned to advance toward tenant conversion and long-term infrastructure growth."

This update reflects Bitzero's continued focus on disciplined execution, balance sheet improvement, and long-term value creation as it advances its strategy of building sustainable digital infrastructure capacity across the Nordics.

About Bitzero Holdings Inc.

Bitzero Holdings Inc. is a provider of IT energy infrastructure and high-efficiency power for data centers. The Company focuses on data center development, high-performance compute (HPC), and strategic data center hosting partnerships. Bitzero Holdings Inc. has four data center locations in the North American and Nordic regions, with its Nordic assets powered by clean, low-carbon energy sources. Visit www.bitzero.com for more information.

Bitzero Contact
Mohammed Bakhashwain
+44 777 303 0394
investors@bitzero.com

Bitzero Investor Relations Contact
Victoria Rutherford
480-625-5772
Victoria@adcap.ca

Forward-looking statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information in this news release includes, but is not limited to, statements regarding: the Company's expected power readiness and energization of 110MW at its Norway site in 2026; the expected delivery of transformers and high-voltage cable in the fourth quarter of 2026; subsequent customer readiness; the timing and development of the Finland data center campus and related power infrastructure; the expected gross load supported by the first Finland plot; the availability and timing of capacity for potential tenants in Norway and Finland; the advancement and potential conversion of lease and other offtake discussions; the financing and timing of capital expenditures required for tenant deployment; the Company's anticipated capital requirements before lease execution; and the Company's business strategy and long-term infrastructure growth.

Forward-looking information is based on management's current expectations, estimates, forecasts and projections and on assumptions that management believes are reasonable as of the date of this news release, including assumptions regarding: timely delivery, installation and commissioning of transformers, high-voltage cable and other equipment; construction progress; receipt and maintenance of required permits, approvals and grid connections; the availability and cost of power, labour, equipment, contractors and project financing; the Company's ability to maintain its bitcoin mining operations and generate operating cash flow; bitcoin prices and network conditions; the availability and suitability of the Norway and Finland sites; the ability to complete power and data center development on the anticipated schedule; the Company's ability to negotiate and enter into definitive lease or other offtake agreements on acceptable terms; and the continued performance of consultants, suppliers and project partners.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such information, including risks relating to construction and commissioning delays; equipment delivery, installation or performance; permitting, zoning, grid connection and power availability; increases in development, energy, equipment, labour or financing costs; the availability of financing on acceptable terms; bitcoin price volatility, network difficulty and other conditions affecting mining economics; counterparty and customer demand; the ability to negotiate and execute definitive agreements; changes in market, economic, regulatory or technological conditions; and the other risks described in the Company's public disclosure documents available under its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. There can be no assurance that the Company's plans, intentions or expectations will be achieved. Readers should not place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 11.1 KB