Bitzero
Bitzero is a publicly traded (Nasdaq: AIBZ) sustainable data center operator owning and developing hydroelectric-powered HPC, AI, and Bitcoin mining infrastructure across Norway, Finland, and North Dakota, serving hyperscale AI tenants, neocloud customers, and self-mining Bitcoin operations.
- Company typePublic
- Founded2021
- HeadquartersFargo, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Bitzero does
Bitzero Holdings Inc. is a Vancouver, Canada-domiciled, Nasdaq-listed (AIBZ) data center operator that owns and develops sustainable HPC, AI, and Bitcoin mining infrastructure across four sites: an owned 50,000 m² facility at Namsskogan in Norway's NO4 region, a leased ~8,000 m² site at Røyrvik, Norway, a ~971,500 m² owned campus at Kokemäki, Finland with up to 1GW planned capacity, and an owned former military installation in North Dakota acquired in 2022. The platform is built around 100% hydroelectric power in the Nordics (blended costs ~US$0.03-0.035/kWh), cold-climate natural cooling, 132kV internal grid infrastructure, and next-generation compute including NVIDIA Blackwell B300 GPU servers and Bitmain S21 Pro miners.
The business model blends three revenue streams: Bitcoin self-mining (currently ~2.8 EH/s, targeting up to 30 EH/s), long-term HPC/AI colocation leases to hyperscale customers (anchored by a binding 15-year, 110MW OneQode lease worth approximately US$2.6 billion with expected 85% net operating income margin), and GPU-as-a-service through Hydra Host's Brokkr API. Go-to-market combines direct enterprise sales to hyperscalers, strategic brokerage via CBRE for the Finland site, and API-driven distribution to AI-native and neocloud customers. Current hash rate capacity is ~2.8 EH/s at ~40MW operating, scaling to ~7.0 EH/s at 110MW by Q4 2026 and a 325MW, ~30 EH/s target by Q4 2027, with Phase I of Kokemäki targeted for Q1 2027 commissioning.
Customers and stakeholders include hyperscale AI tenants (OneQode), global neocloud buyers (Hydra Host network), and institutional/capital-markets partners (Clear Street, Nasdaq/CSE/FSE listings, high-profile investor Kevin O'Leary). Strategic positioning emphasizes an asset-first model in power-rich, low-cost, sustainably governed Nordic jurisdictions, with engineering support from NVIDIA-aligned Red Engineering Design Ltd. for AI Factory deployments.
Bitzero firmographics
Firmographics- Name
- Bitzero
- Legal name
- Bitzero Holdings Inc.
- Website
- https://bitzero.com/
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Bitzero is a publicly traded (Nasdaq: AIBZ) sustainable data center operator owning and developing hydroelectric-powered HPC, AI, and Bitcoin mining infrastructure across Norway, Finland, and North Dakota, serving hyperscale AI tenants, neocloud customers, and self-mining Bitcoin operations.
- Ownership category
- akta.pro rank
Bitzero industry classification
Industry- Product category
- Data Center Infrastructure Services
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- akta.pro primary industry
- Power Distribution & Switchgear (UPS, PDUs, Busway) (HDABAKAA)
- akta.pro secondary industries
- Decentralized GPU/AI Compute Networks (training/inference, GPU renting, model hosting) (FSAPALAC), Decentralized Compute Node Operators (e.g., GPU/CPU providers) (FSADAKAK)
Keywords
Where Bitzero is headquartered
LocationHeadquarters
- HQ city
- Fargo
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Bitzero business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Bitcoin Mining: Self-mining operations generating Bitcoin revenue through high-efficiency, low-cost mining infrastructure. Current hash rate approximately 2.8 EH/s, targeting up to 10.0 EH/s at 110MW and 30.0 EH/s at 325MW capacity. Revenue derived from block rewards and transaction fees.
- HPC/AI Data Center Hosting: Long-term lease of data center capacity to hyperscale AI customers. Binding letter with OneQode for 110MW, 15-year lease generating approximately US$2.6 billion in total revenue over lease lifetime. Net operating income margin estimated at 85%.
- GPU Compute Services (Neocloud): Bare metal GPU infrastructure leased through Hydra Host's Brokkr platform for AI workloads. Initial deployment of 64 NVIDIA Blackwell B300 GPUs. Revenue generated from GPU compute capacity utilization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise HPC Hosting - Custom negotiated contracts |
| Usage-based | Pay-as-you-go | GPU Compute Services - Bare metal infrastructure |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Bitzero product offering
Product offeringCore offering
Bitzero develops and operates sustainable data centers powered by hydroelectric and clean low-carbon energy for Bitcoin mining and AI/HPC workloads. The company provides HPC data center hosting, GPU compute services via NVIDIA Blackwell B300 servers, and self-mining Bitcoin operations across four owned/leased sites in Norway, Finland, and North Dakota.
Product overview
Bitzero operates a unified data center infrastructure platform combining sustainable Bitcoin mining and high-performance compute (HPC) hosting services. The company owns and operates four data center locations across Norway, Finland, and North Dakota, powered by clean low-carbon energy. The product portfolio centers on GPU-based compute capacity for AI workloads, sustainable Bitcoin mining infrastructure with hydroelectric power, and community benefit programs including heat recycling. Bitzero's core value proposition is providing power-dense digital infrastructure with access to abundant renewable energy, supporting both cryptocurrency mining and enterprise AI deployments.
Differentiator
Problem solved
Functional benefit
Products and services
- Bitcoin Mining Infrastructure Self-mining Bitcoin operations using hydroelectric-powered infrastructure at the Namsskogan, Norway facility to generate Bitcoin block rewards and transaction fees; current hash rate capacity approximately 2.8 EH/s with planned expansion to 7.0 EH/s and beyond.
- High-Performance Compute (HPC) Data Center Hosting Co-location and hosting services for HPC and AI workloads at four data center locations across Norway, Finland, and North Dakota, powered by clean low-carbon energy. Sold primarily via multi-year lease contracts to hyperscale and enterprise customers.
- GPU Compute Services GPU-based compute capacity for AI workloads featuring NVIDIA Blackwell B300 servers deployed at the Norway facility, offered through Hydra Host's Brokkr platform on a usage-based neocloud model to enterprise, neocloud, and AI-native customers worldwide.
Quantifiable outcome
- Power cost under US$0.04 per kWh at Norway site
- +3 more outcomes
Companies that use Bitzero
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Bitzero technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Bitzero partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core/flagship, strategic and core.
- OneQode Networks Pte. Ltd.core/flagshipBinding letter for 15-year lease of 110MW at Norway Namsskogan site for AI deployment. OneQode plans large-scale GPU deployment with initial commissioning targeted for H1 2027. Total contract value approximately US$2.6 billion with 85% net operating income margin for Bitzero. Partnership enables vertical integration linking telecommunications with HPC platform.
- Red Engineering Design Ltd.strategicEngineering due diligence for Kokemäki Finland campus, developed in collaboration with Red Engineering Design Ltd., a global data center engineering consultancy and strategic partner of NVIDIA in designing next-generation AI Factories.
- CBREcoreStrategic real estate broker engagement to market Finland Kokemäki site to hyperscale customers evaluating capacity for AI and HPC workloads. CBRE's global reach and hyperscale relationships to accelerate commercialization of 200MW+ capacity.
- Hydra HostcoreGPU-as-a-service partnership using Hydra's Brokkr platform for turnkey GPU lifecycle enablement including management, monitoring, and monetization. Bitzero deployed 64 NVIDIA Blackwell B300 GPUs through Hydra for enterprise and AI-native customers. Partnership enables neocloud operations and direct GPU revenue.
Scale indicators10 records
Recent moves10 records
Expansion highlights7 records
Bitzero competitors and assessment
Company assessmentDirect peers
- Hut 8: Public Bitcoin mining operator that has expanded into HPC and AI compute hosting. Closely comparable to Bitzero in its dual mining/HPC model and renewable-powered North American footprint.
- Marathon Digital Holdings: One of the largest publicly traded Bitcoin miners, increasingly pivoting toward AI compute and HPC data center hosting. Comparable to Bitzero in scale of mining operations and strategic transition to AI infrastructure.
- Riot Platforms: Public Bitcoin mining company with significant hash rate capacity and HPC hosting ambitions. Comparable to Bitzero in mining scale and strategic shift toward diversified compute infrastructure.
- Iris Energy: Renewable-powered Bitcoin mining and HPC data center operator. Similar to Bitzero in its emphasis on renewable energy, ESG positioning, and international (Australian/Canadian) site footprint.
- Core Scientific: Recently emerged from bankruptcy with a hybrid Bitcoin mining and HPC/AI hosting model. Directly comparable to Bitzero in its dual-use infrastructure strategy and post-restructuring growth trajectory.
- TeraWulf: Public Bitcoin mining and HPC hosting company with nuclear-powered data center operations. Comparable to Bitzero in its zero-carbon positioning and dual mining/HPC revenue model.
- Cipher Mining: Public Bitcoin mining operator developing HPC and AI compute hosting capabilities. Comparable to Bitzero in its expansion from pure-play mining toward AI infrastructure at industrial scale.
- Northern Data Group: European-based operator of GPU compute infrastructure for AI and HPC workloads, with historical exposure to Bitcoin mining. Closely comparable to Bitzero in its European footprint and HPC/cloud focus.
Broad incumbents
- Equinix: Global colocation and data center REIT with extensive AI-ready capacity. Relevant incumbent comparable to Bitzero in selling hyperscale data center services, though at vastly larger scale and broader geographic footprint.
- Digital Realty: Large global data center REIT serving hyperscale and enterprise customers. Comparable to Bitzero in selling long-duration data center leases, though focused on general-purpose colocation rather than AI/HPC-sited Nordic capacity.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Bitzero social profiles
Digital presenceBitzero financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitzero leadership team
Management profileNumber of profiles
Profiles3 records
Bitzero funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitzero M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitzero
What does Bitzero do?
Bitzero develops and operates sustainable data centers powered by hydroelectric and clean low-carbon energy for Bitcoin mining and AI/HPC workloads. The company provides HPC data center hosting, GPU compute services via NVIDIA Blackwell B300 servers, and self-mining Bitcoin operations across four owned/leased sites in Norway, Finland, and North Dakota.
Is Bitzero a public or private company?
Bitzero is a public company. It is classified as public and is currently operating.
When was Bitzero founded?
Bitzero was founded in 2021. It employs 11 to 50 people.
Where is Bitzero based?
Bitzero is headquartered in Fargo, United States, in the North America region.
How does Bitzero make money?
Three revenue lines are on record. Bitcoin Mining is the primary driver. The others are HPC/AI Data Center Hosting and GPU Compute Services (Neocloud).
Who are Bitzero's main competitors?
Direct peers on record are Hut 8, Marathon Digital Holdings, Riot Platforms, Iris Energy, Core Scientific, TeraWulf, Cipher Mining and Northern Data Group. Broad incumbents are Equinix and Digital Realty.
Does Bitzero have an API?
No public API is recorded for Bitzero.
What industry is Bitzero in?
Bitzero's product category is Data Center Infrastructure Services. Its primary akta.pro industry code is HDABAKAA, Power Distribution & Switchgear (UPS, PDUs, Busway), with a secondary code of FSAPALAC, Decentralized GPU/AI Compute Networks (training/inference, GPU renting, model hosting). Its NAICS code is 518.