Bitzero Lands $2.6B 15-Year Lease for 110MW AI Data Center with 85% Margin
VRT•Bitzero secured a binding 15-year lease for 110 megawatts of AI capacity at its Norway site, generating up to $2.6 billion in revenue with an 85% net income margin. The company’s first-mover model secured 3–4¢/kWh hydroelectric power and supports a 1 GW Finland facility pipeline.
1. Power-First Data Center Model
Bitzero’s strategy focuses on securing grid access and low-cost renewable power before building data center infrastructure, reversing the traditional build-first approach. The company holds over one gigawatt of concessions in Norway, Finland and North Dakota, locking in 3–4¢/kWh hydroelectric rates to ensure reliable capacity.
2. Norway Site Lease Deal
The Norway flagship facility in central Norway secured a binding 15-year lease with an AI cloud provider for 110MW, generating up to $2.6B in revenue and delivering an 85% net income margin. First deployment is slated for early 2027, positioning Bitzero ahead of hyperscale competitors.
3. Finland Gigawatt Pipeline
Bitzero’s Kokemaki site in Finland has been re-engineered to support up to 1GW of AI capacity, making it one of Europe’s largest planned data center projects. Initial 80MW phases target H1 2027, with full capacity expected as grid approvals complete.
