Bitzero Showcases 110MW Norway AI Campus After Nasdaq Debut, Citing $2.6 Billion Lease Framework
Updated
Updated · Newsfile · Jun 15
Bitzero Showcases 110MW Norway AI Campus After Nasdaq Debut, Citing $2.6 Billion Lease Framework
2 articles · Updated · Newsfile · Jun 15
Summary
Bitzero used its first week as a Nasdaq-listed company to spotlight Nordic AI and HPC projects, centering on a 110MW data center campus in Namsskogan, Norway.
Construction at the Norway site is advancing with foundations underway for two 60MW transformers due in September, while the regional grid operator expands its substation for new Siemens switchgear.
A May 2026 binding letter agreement with OneQode covers a 15-year lease for the full 110MW site and could generate about $2.6 billion in revenue, though a definitive lease is still unsigned.
In Finland, Bitzero said engineering due diligence is complete for Kokemäki, where an initial 80MW phase is targeted for 2027 and the campus could eventually scale to 600MW-1,000MW.
Bitzero argues power availability—not GPU supply—will be the main bottleneck for large AI deployments, positioning its renewable-powered Nordic assets as a long-term advantage.