Bitzero Secures US$2.6 Billion Lease, Advances 110 MW Norway Campus and 520 MW Finland Plan
AIBZ•Bitzero marks its first week of Nasdaq trading while owning four data centers across North America and the Nordics, including a 110 MW development under construction in Norway. It signed a US$2.6 billion, 15-year lease letter for full Norway capacity with an estimated 85% net operating margin (~US$151 million annually) and completed engineering due diligence for up to 520 MW in Finland with an initial 80 MW phase.
1. Nasdaq Listing and Asset Overview
Bitzero Holdings Inc. celebrated its first week of trading on Nasdaq, elevating its market profile and access to capital. The company operates four data centers in North America and the Nordics, targeting sustainable, power-dense AI and HPC deployments near low-carbon energy sources.
2. Norway 110 MW Campus and OneQode Lease
Construction of the 110 MW Namsskogan, Norway campus is progressing with foundations for two 60 MW transformers and substation upgrades underway. In May 2026, Bitzero signed a binding letter for a 15-year lease of the full capacity to OneQode for US$2.6 billion, projecting an 85% net operating income margin (~US$151 million annually) once deployed in 2027.
3. Finland Campus Engineering and Expansion Plans
An engineering due diligence report for the Kokemäki, Finland site supports pre-design for up to 520 MW, with an initial 80 MW phase slated for 2027 service delivery. The campus, backed by a 400 kV grid connection and local support, is planned to scale to 600–1,000 MW, positioning it as one of Europe’s largest AI infrastructure facilities.
