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, aiming to enhance its AI initiatives and achieve profitability by January 2026. The facility will operate on 100% renewable hydroelectric energy and is set to transition into a Sovereign AI Hub for carbon-neutral computing. Funding for the acquisition will be secured through deferred vendor finance and convertible preference shares, pending shareholder approval.
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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.
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