Bitzero Holdings Inc., a Canadian company with Kevin O’Leary’s money behind it, is tapping public markets to fund an ambitious expansion into AI and high-performance computing data centers. The company listed its voting shares on the Canadian Securities Exchange under the ticker BITZ.U in late December 2025, after raising over $100 million in private funding.
The megaprojects taking shape
O’Leary’s data center ambitions involve two flagship developments. The first, called Stratos, is located in Utah and was originally planned to span up to 40,000 acres with 9 GW of power capacity. The Utah project has been scaled back after running into opposition from local communities concerned about environmental impact.
The second project, Wonder Valley in Alberta, is targeting 7.5 GW of energy capacity. It’s currently working through the permitting stage.
While O’Leary is a prominent investor in Bitzero through his investment arms O’Leary Ventures and O’Leary Digital, no direct financial ties have been established between Bitzero’s market operations and the funding of these Utah and Alberta megaprojects.
