Bitzero Holdings Inc. Breaks Ground on Phase I Development at Giga-scale Finland Site

Executive Summary

• Bitzero Holdings Inc. commenced Phase I construction of its giga‑scale data center at the Kokemäki site in Finland, acquiring 15 ha with an option on the remaining land.
• The planned facility will have up to 1 GW of clean, low‑carbon power capacity, making it one of Europe’s largest standalone data centers.
• The development supports Bitzero’s growth strategy for sustainable blockchain and high‑performance computing workloads, leveraging cold‑climate efficiencies and diversified renewable energy sources.

Key Details

• Site Acquisition: 15 hectares purchased; additional ~85 ha held under option for future expansion.
• Planned Capacity: Up to 1 GW of power, powered by hydro‑electric, nuclear, solar, and wind sources.
• Phase I Scope: Infrastructure to provide initial power load required for operations; construction now underway.
• Strategic Importance: Expected to become Bitzero’s single largest data center campus, enhancing ability to host hyperscale AI, cloud, and Bitcoin mining workloads.
• Location Advantages: Cold‑weather climate reduces cooling demand, improves energy efficiency, and lowers operating costs.
• Additional Assets: Bitzero already controls three other data center locations in Scandinavia and North America.
• Leadership Comments: CEO Mohammed Bakhashwain highlighted the site’s role in achieving aggressive growth plans; investor Kevin O’Leary emphasized the asset‑first model as a competitive advantage.

Notable Quotes

“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.” – Mohammed Bakhashwain, President & CEO

“Because they own the infrastructure and aren't dependent on leases or oversaturated power grids, Bitzero is more agile, profitable and better positioned for long‑term value.” – Kevin O’Leary, Investor & Venture Capitalist