BitZero Secures 110 MW Norway AI Site Projected to Generate $176M Annually
VST•BitZero has secured a binding letter of interest for a 110 MW Norway compute site slated for delivery by Q3 next year, expected to generate $176 million in annual recurring revenue with 3% annual price escalators and separate energy cost coverage. With vertically integrated power infrastructure delivering electricity at about $0.043 per kWh, the company’s all-in Bitcoin mining cost runs near $50,000 per coin and could yield over $135 million in annual net income once operational.
1. Binding Letter of Interest Secures 110 MW Norway Site
BitZero has entered a binding letter of interest to develop a 110 MW compute facility in Norway, leveraging existing grid infrastructure and power permits for delivery as early as Q3 next year. The project promises $176 million in annual recurring revenue under long-term contracts with 3% price escalators and separate energy cost coverage.
2. Vertically Integrated Power Fuels Low-Cost Operations
The company’s ownership of land, high-voltage connections and power contracts enables electricity costs at roughly $0.043 per kWh, less than half of major U.S. peers. This energy sovereignty drives all-in Bitcoin mining costs near $50,000 per coin and supports flexible redeployment of power to AI data centers or mining operations based on market conditions.
3. Margin Visibility and Expansion Optionality
With projected annual net income exceeding $135 million once operational, the Norway facility enhances margin visibility and reduces exposure to power-price volatility. BitZero’s ability to switch capacity between hyperscaler deployments and internal Bitcoin mining creates a diversified revenue engine, positioning the company as a strategic partner for AI infrastructure and compute services.
