I’ve been watching Bitzero for some time now.
Bitzero is a computing and blockchain infrastructure company building low-carbon data centers in remote regions with access to underutilised renewable energy. Their clients span AI training, crypto mining, and compute-intensive workloads.
They operate data centers in Namsskogan and Røyrvik, Norway, Finland, and North Dakota, USA — all powered by clean energy. The CEO is Mohammed Bakhashwain, and the company is headquartered in Vancouver, Canada.
FY2025 revenue came in at ~$24.9M, up ~10% year-over-year. Small company, but the runway they’re building is anything but small.
Mining Operations
As of January 2026, Bitzero boosted its hashrate to ~2.80 EH/s, up from 1.76 EH/s — a 59% increase. At that rate, they’re pulling in roughly 1.1 BTC per day.
They’ve also secured new power purchase agreements that brought their blended energy cost down to around US$0.03–0.035/kWh — which is genuinely competitive for the sector.
Expansion roadmap:
• ~110 MW energised by Q4 2026 → could support ~10 EH/s
• ~325 MW by Q4 2027 → could support up to ~30 EH/s
Biggest News — This Week
This is the one that’s turning heads.
Bitzero and OneQode Networks (Singapore) have signed a binding letter for a 15-year lease of the full 110MW capacity at Bitzero’s Norway site, dedicated to AI workload deployment. Total implied revenue over the lease: ~US$2.6 billion.
The expected site net operating income margin is 85%, implying around $151M annually — though that assumes full capacity from day one, so take it with a pinch of salt.
The site will be powered entirely by hydroelectric energy. OneQode chose it specifically because of Norway’s renewable energy, cooler climate, and Bitzero’s experience running energy-intensive workloads. Initial commissioning is targeted for H1 2027, with plans to eventually scale the Norway site to 315MW.
As always, do your own research. Small marketcap with huge upside.
I have 1584 shares and will possibly accumulate more in the coming weeks. Anyone else hold a position like myself?