OneQode Signs 15-Year, 110MW Lease at Bitzero’s Norwegian Data Center
May 6, 2026
OneQode Signs 15-Year, 110MW Lease at Bitzero’s Norwegian Data Center
Bitzero, a high-performance computing (HPC) and blockchain infrastructure provider, has secured a major long-term tenant at its data center in Nammskogan, Norway, marking a significant step in the region’s growing role as a hub for AI infrastructure. The company announced earlier this week that it has signed a 15-year agreement with OneQode, an AI cloud and network infrastructure provider, for 110 megawatts (MW) of data center capacity at the site.
The deal, valued at approximately $2.6 billion in contracted revenue for Bitzero, covers the full initial power capacity of the Nammskogan facility, with plans to eventually scale the site to 315MW. The facility also hosts Bitzero’s own self-mining operations. Capacity will be rolled out in phases, and the deployment will involve a large-scale GPU installation for OneQode. Initial commissioning is targeted for the first half of 2027.
“This letter with OneQode marks a pivotal milestone for Bitzero,” said Mohammed Bakhashwain, founder and CEO of Bitzero. “A lease with OneQode would represent exactly the kind of large-scale, high-performance customer demand we intended the site to support. Selecting OneQode as both our strategic partner and prospective tenant would enable vertical integration by linking telecommunications with a high-performance computing platform.”
OneQode chose the Nammskogan site due to Bitzero’s experience operating energy-intensive workloads, as well as Norway’s abundant renewable energy and cooler climate. The data center will be powered by hydroelectric energy, aligning with the growing demand for sustainable AI infrastructure. “This is a major step forward for OneQode’s AI infrastructure roadmap,” said Matthew Shearing, founder and CEO of OneQode. “The AI market is moving quickly, but the bottleneck is no longer just access to GPUs. It is access to power, network, cooling, land, deployment capability, and the operational model needed to bring large-scale AI infrastructure online in the right locations. Bitzero has done the hard work of developing a world-class site in Norway with the fundamentals required for this type of deployment, and we're thrilled to be working with them.”
OneQode currently operates out of more than 30 data centers, offering cloud computing, low-latency networking, and sovereign technology services. Bitzero, which is based in Vancouver and listed on the Canadian stock exchange in November 2025, operates three data center sites across Scandinavia and North America. These include a campus in Kokemäki, Finland, with a planned capacity of up to 1GW; a leased facility in Røyrvik, Norway, offering an initial 5MW scaling to 20MW; and a site in North Dakota, US, with an initial 30MW of capacity scaling to 300MW. Shark Tank star Kevin O’Leary is an investor in the firm.
The agreement underscores a broader industry trend: as AI workloads demand ever-greater computational power, securing sites with access to renewable energy, cooling, and scalable power capacity has become a critical bottleneck. The partnership between Bitzero and OneQode highlights how infrastructure providers are vertically integrating to meet the needs of hyperscale AI deployments, particularly in regions like Scandinavia that offer both energy abundance and favorable climate conditions.
Source: datacenterdynamics
