VivoPower to Acquire 40MW Data Center in Norway for $40 Million to Support AI Initiatives
VivoPower International PLC has signed an exclusive agreement to acquire a 40MW+ data center in Norway for approximately $40 million. The acquisition is expected to generate $10 million in proforma EBITDA and return the company to profitability post-closing, which is anticipated in January 2026.
The facility operates on 100% renewable hydroelectric energy at a cost below $0.035/kWh and includes an additional 40MW earmarked for potential approval in 2026. VivoPower plans to transition the facility from blockchain compute co-hosting to a Sovereign AI Hub, targeting carbon-neutral computing for Large Language Model training.
The acquisition will be funded through deferred vendor finance and convertible preference shares priced at $6.80, pending shareholder approval. This move aligns with VivoPower's Power-to-X strategy under the Caret Digital brand.
