BitZero Unveils 110 MW Norway AI Project With $176 Million Annual Revenue Target
Updated
Updated · OilPrice.com · Jun 19
BitZero Unveils 110 MW Norway AI Project With $176 Million Annual Revenue Target
1 articles · Updated · OilPrice.com · Jun 19
Summary
A binding letter of interest for BitZero’s new 110 MW Norway site points to about $176 million in annual recurring revenue from long-term compute capacity contracts, with the customer paying energy costs separately.
That structure could lift annual net income above $135 million and reduce exposure to power-price swings, marking a potential shift from Bitcoin mining toward AI infrastructure leasing.
BitZero said the facility could be delivered by Q3 next year because power access, infrastructure and contractor partnerships are already in place, versus 3-5 year timelines many rival AI data-center projects face.
The Norway project builds on BitZero’s broader power-first strategy: the company says it has more than 1 GW of growth capacity across sites in Norway, Finland and North Dakota, giving it flexibility to serve hyperscalers or mine Bitcoin.