Bitzero Begins Trading on Nasdaq, Unveils 1GW Data Center Pipeline Across Nordics and North America
June 15, 2026
Bitzero Begins Trading on Nasdaq, Unveils 1GW Data Center Pipeline Across Nordics and North America
Bitzero Holdings Inc., a data center developer focused on high-performance computing infrastructure, has completed its first week of trading on the Nasdaq Stock Market under the ticker AIBZ, marking a significant milestone for the company as it advances a portfolio of large-scale projects across Norway, Finland, and North America. The company’s listing comes at a time of surging demand for energy-intensive data center capacity, driven by the rapid expansion of artificial intelligence and GPU-accelerated workloads.
According to a statement released on Sunday, Bitzero owns four data center locations with a combined planned capacity exceeding one gigawatt. Its primary development sites are located in Namsskogan, Norway, and Kokemäki, Finland. The stock closed its first week at $6.23, reflecting a 16% decline for the week, though it remains up 142% over the past six months and trades well below its 52-week high of $9.40.
In Norway, construction continues on the company’s 110 MW data center campus. Foundations are currently being laid for two 60 MW transformers scheduled for delivery in September, while the regional grid operator is expanding its substation to accommodate new Siemens GIS switchgear. In a major commercial move, Bitzero signed a binding letter agreement with OneQode Networks Pte. Ltd. in May 2026 for a 15-year lease covering the full 110 MW capacity at the Norway site. The agreement contemplates approximately $2.6 billion in total revenue over the lease term, excluding annual escalation adjustments, power costs, and phased deployment timing. The company estimates a site net operating income margin of around 85%, implying roughly $151 million in annual net operating income at full capacity. A definitive lease agreement has not yet been executed and remains subject to customary conditions, including due diligence, technical specifications, and credit support arrangements.
In Finland, Bitzero completed an engineering due diligence report for its Kokemäki campus in April 2026, developed in collaboration with Red Engineering Design Ltd. The report supports pre-design work for up to 520 MW of capacity, with an initial phase of up to 80 MW planned for service delivery in 2027. The company has identified a 400 kV high-voltage connection point and is developing plans for between 600 MW and 1,000 MW of longer-term capacity. Both Nordic sites utilize renewable energy sources, and OneQode plans a large-scale GPU deployment across the Norway facility for 2027.
The company’s Nasdaq listing and aggressive expansion plans underscore the growing intersection between digital infrastructure and capital markets, as investors increasingly seek exposure to the data center sector amid a global boom in AI computing. With over a gigawatt of planned capacity and multi-billion-dollar lease agreements in the pipeline, Bitzero is positioning itself as a significant player in the Nordic and North American data center landscape.
Source: investing
