Bitzero Holdings Inc. Accelerates 70MW Power Expansion Plans at Norway Site and Announces FSE Listing

Executive Summary

• Bitzero Holdings announces a Phase I expansion adding 70 MW of capacity at its Namsskogan, Norway data‑center, raising total installed power to ~110 MW (≈7.0 EH/s) by September 2026.
• The company has ordered two 60 MVA high‑voltage substations, begun site preparation and procured long‑lead equipment to meet the accelerated construction schedule.
• Bitzero’s voting shares have been accepted for listing on the Frankfurt Stock Exchange (FSE) and began trading under ticker “000” on 8 Dec 2025, creating a cross‑listing with its CSE securities.

Key Details

• Expansion Scope: Additional 70 MW of hydro‑electric powered capacity; total site capacity to increase from 40 MW (39 containers) to ~110 MW.
• Hashrate Impact: Expected exahash growth to approximately 7.0 EH/s, positioning Bitzero among the largest public miners.
• Cost Efficiency: Projected reduction in Bitcoin mining cost per unit, with management forecasting a 3‑4× revenue uplift (subject to network difficulty, equipment performance, power availability).
• Infrastructure Orders: Two high‑voltage 60 MVA substations ordered; delivery anticipated in spring. Internal 132 kV grid to be built for greater operational autonomy.
• Equipment Procurement: Long‑lead mining and support equipment already procured to align with targeted construction timelines.
• Energy Terms: Current site operates at < US$0.04/kWh under favorable renewable contracts.
• German Listing: Voting shares accepted for listing on the Frankfurt Stock Exchange; trading commenced 8 Dec 2025 under symbol “000”. Cross‑listing aims to boost liquidity and broaden European investor base.
• Management Comments: CEO Mohammed Bakhashwain highlighted accelerated timeline and growth targets; investor Kevin O’Leary emphasized renewable‑energy‑driven asset strategy as a superior investment.

Notable Quotes

“With the two high‑voltage 60 MVA substations ordered and delivery expected in the spring, crews have begun prepping the site… this milestone is proof that we’re on track to meet or beat our growth targets, enhancing our market position and driving shareholder value.” – Mohammed Bakhashwain, President & CEO

“Bitzero’s 100% renewable energy supply not only makes it more sustainable, economical and community‑friendly, but also a superior investment, in my opinion.” – Kevin O’Leary, Investor

Materiality: Material – Positive (significant capacity expansion, revenue upside potential, and new international listing).