Every AI bull case being pitched right now, from Big Tech earnings calls to trillion-dollar valuation models, shares a common blind spot. They all assume the electricity will be there when they need it. Bitzero Holdings is betting that assumption is wrong, and that the companies who locked up cheap power early will name their price later.
The company, listed on the CSE as BITZ.U and on the OTCQB as BTZRF, has assembled more than 1 gigawatt of planned operational capacity across three geographies: Norway, Finland, and North Dakota. It has secured long-term power purchase agreements at roughly $0.02 per kilowatt-hour, a rate that makes most US data center operators look like they’re paying resort minibar prices for electricity.
The Norway deal and Finland buildout
In May 2026, Bitzero signed a binding 15-year lease with OneQode Networks for the full 110 megawatt capacity at its Namsskogan site in Norway. That single deal is projected to generate approximately $2.6 billion in lifetime revenue, with site net operating income margins of about 85%.
Meanwhile, the company broke ground on its Kokemäki data center in Finland back in December 2025. That facility is targeted for up to 1 GW of capacity on its own, which would make it one of the larger data center buildouts in the Nordics.
