Bitzero Receives All Long-Lead High-Voltage Equipment for Its Flagship Norway Data Center and Provides Recap in Shareholder Letter from Founder & CEO
Key Highlights
- ➤Two 60 MVA transformers arrive, completing high-voltage equipment for expansion to 110 MW
- ➤Namsskogan Site already has 40 MW energized and operating
- ➤Barchart engagement costs US$120,000 for an initial 90-day term
- ➤Bitzero targets near-term definitive leases to convert infrastructure into recurring revenue
- ➤CBRE reports Nordic neocloud tenants represent 66% of contracted European AI capacity
Expert Statements
Mohammed Bakhashwain, Founder, Chair and Chief Executive Officer of Bitzero Holdings Inc.
“For Bitzero, this milestone is the result of years of planning and early investment in critical infrastructure. For shareholders, it is significant tangible progress toward energization and the commercial development of the Namsskogan Site.”
Mohammed Bakhashwain, Founder, Chair and Chief Executive Officer of Bitzero Holdings Inc.
“I would not treat any single forecast as guaranteed.”
Mohammed Bakhashwain, Founder, Chair and Chief Executive Officer of Bitzero Holdings Inc.
“Our value sits in what we own, not in what we owe.”
Mohammed Bakhashwain, Founder, Chair and Chief Executive Officer of Bitzero Holdings Inc.
“Our objective is to secure agreements that combine attractive commercial terms with counterparties capable of meeting their commitments.”
Mohammed Bakhashwain, Founder, Chair and Chief Executive Officer of Bitzero Holdings Inc.
“For shareholders, the objective is to convert infrastructure progress into definitive commercial agreements and, ultimately, recurring revenue.”
Mohammed Bakhashwain, Founder, Chair and Chief Executive Officer of Bitzero Holdings Inc.
“Their arrival completes the high-voltage long-lead equipment package for the expansion to up to 110 MW.”
Mohammed Bakhashwain, Founder, Chair and Chief Executive Officer of Bitzero Holdings Inc.
“Our focus is on converting that position into signed definitive leases in the near term while ensuring we create long-term shareholder value by bringing infrastructure into service on sound commercial terms.”
Arrival of two 60 MVA transformers completes the high-voltage long-lead package to expand the site to up to 110 MW of total capacity, including 40 MW already energized
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2026) - Bitzero Holdings Inc. (NASDAQ: AIBZ) (CSE: AIBZ.U) (FSE: 000) ("Bitzero" or the "Company") today issued the following shareholder letter from Founder, Chair and Chief Executive Officer Mohammed Bakhashwain.
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