Bitzero Holdings has secured over 1 gigawatt of low-cost power across Norway, Finland, and North Dakota to transition its operations from Bitcoin mining toward high-demand AI infrastructure hosting.

Key Points

• Bitzero locked in electricity rates at approximately $0.02 per kilowatt-hour, significantly lower than standard industry costs.
• The company signed a 15-year, 110-megawatt lease with OneQode Networks in Norway, projected to generate $2.6 billion in lifetime revenue.
• Construction is underway at a major data center in Kokemäki, Finland, which is planned to reach 1 gigawatt of capacity.
• The firm currently maintains 2.8 exahashes per second of Bitcoin mining capacity, allowing it to pivot between mining and AI hosting based on market profitability.
• Power sources for the facilities include a mix of hydroelectric, nuclear, wind, and solar energy.

Why it Matters

Securing long-term, low-cost energy is a critical competitive advantage as the rapid expansion of AI and high-performance computing creates a global shortage of data center power. By hedging between Bitcoin mining and AI hosting, Bitzero aims to maximize revenue while providing investors with exposure to both volatile crypto markets and high-growth infrastructure sectors.