VivoPower to Acquire 40MW Data Center in Norway for $40 Million
VivoPower International PLC has entered into an exclusive agreement to acquire a 40MW operational data center in Norway for $40 million, with the deal expected to close in January 2026. Powered by renewable hydroelectric energy, the facility aims to help VivoPower return to profitability after a negative EBITDA of $8.27 million last year, and will be transformed into a 'Sovereign AI Hub' for training large language models. The site also has potential for an additional 40MW capacity, pending approval in 2026.
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VivoPower International PLC has signed an exclusive agreement to acquire a 40MW operational data center in Norway, powered by renewable hydroelectric energy. The $40 million transaction is expected to close in January 2026 and will be financed through seller deferred financing and convertible preferred shares priced at $6.80.
The acquisition aims to return VivoPower to group profitability, following a negative EBITDA of $8.27 million over the past year. The Norwegian facility offers hydroelectric energy at less than $0.035/kWh and includes a 50-year land lease.
Currently operating as a co-hosting site for blockchain computing, VivoPower plans to transform it into a 'Sovereign AI Hub' for training large language models. The facility also has potential for an additional 40MW capacity, pending approval in 2026.
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