Bitzero continues Norway expansion, adds FSE listing

Executive Summary

• Bitzero Holdings Inc. is accelerating its power expansion at its Namsskogan, Norway data center, adding 70 MW of capacity to reach a total of approximately 110 MW by September 2026.
• The expansion includes the installation of an internal 132-kV grid and two 60 MVA substations, aiming to increase site hash rate to ~7.0 EH/s and triple power consumption.
• The company’s voting shares commenced trading on the Frankfurt Stock Exchange (FSE) on December 8, 2025, under symbol 000, marking a cross-listing alongside its existing Canadian Securities Exchange (CSE) listing.

Key Details

• Power Expansion Scope: Addition of 70 MW of installed capacity at the Namsskogan site, bringing total capacity to ~110 MW by September 2026.
• Energy Source: Supply is 100% hydroelectric (renewable).
• Current Operations: Site currently operates 40 MW across 39 containers with electricity costs under $0.04 USD/kWh.
• Infrastructure Upgrades:
  • Expansion and operation of an internal grid at the 132-kilovolt level.
  • Procurement of two high-voltage 60 MVA substations (delivery expected in spring).
  • Site preparation and procurement of long-lead equipment have commenced.
• Operational Metrics:
  • Targeted hash rate increase to approximately 7.0 EH/s.
  • Management projects revenue to increase by three to four times.
  • Mining cost per Bitcoin expected to decrease, lowering the breakeven point.
• Listing Details:
  • Trading commenced on the Frankfurt Stock Exchange (FSE) on December 8, 2025.
  • Ticker symbol: 000.
  • Shares are now cross-listed on both the CSE and FSE.
  • Objective: Increase trading liquidity and broaden engagement with European institutional and retail investors.

Notable Quotes

• Mohammed Bakhashwain, President and CEO: "With the two high-voltage 60 MVA substations ordered and delivery expected in the spring, crews have begun prepping the site, and we've already procured the other long-lead time equipment required to accelerate the timeline... this milestone is proof that we're on track to meet or beat our growth targets, enhancing our market position and driving shareholder value."
• Kevin O'Leary, Investor: "Bitzero's 100-per-cent renewable energy supply not only makes it more sustainable, economical and community friendly, but also a superior investment, in my opinion."