Bitzero begins phase I development in Finland

Executive Summary

• Bitzero Holdings Inc. has commenced Phase I development on its nearly 100-hectare data center site in Kokemäki, Finland, marking a significant step in its giga-scale expansion strategy.
• The company has acquired 15 hectares of the site, with the remainder under option for future expansion, aiming to create one of Europe's largest standalone data center facilities with a total planned capacity of one gigawatt.
• The facility will be powered entirely by a diversified mix of renewable and low-carbon energy sources (hydroelectric, nuclear, solar, and wind), leveraging the local cold climate for enhanced cooling efficiency.

Key Details

• Project Location: Kokemäki, Finland.
• Site Size: Nearly 100 hectares total; 15 hectares acquired, with the balance under option for future expansion.
• Development Stage: Phase I development has begun.
• Planned Capacity: Total planned capacity of one gigawatt (1 GW).
• Energy Mix: Powered entirely by hydroelectric, nuclear, solar, and wind energy.
• Operational Benefits: Utilization of cold-weather climate to reduce cooling demand and energy consumption.
• Strategic Purpose: To provide initial power load for operations, supporting aggressive growth plans for hyperscale AI, cloud, and Bitcoin workloads.
• Portfolio Context: This is Bitzero's single largest data center campus; the company has secured three other data center locations in Scandinavian and North American regions.
• Acquisition Date: The Finland site was first acquired in January 2025.

Notable Quotes

• Mohammed Bakhashwain, President and CEO: "This site provides the space and power capacity we need to achieve our aggressive growth plans and deliver green compute power at scale, including the ability to host large, hyperscale AI, cloud and bitcoin workloads."
• Kevin O'Leary, Investor: "Unlike most competitors, Bitzero's asset-first model is a rare competitive advantage that drives efficiency and scalability, backed by real assets and resources... Bitzero is more agile, profitable and better positioned for long-term value."