Bitzero Holdings signs a binding 15-year lease for 110 megawatts of power, addressing AI infrastructure demand amid rising energy needs.
Bitzero Holdings Inc. (NASDAQ:AIBZ) signed a 15-year binding lease with OneQode for 110 megawatts of power at its Namsskogan facility. The deal targets AI workloads, a sector facing critical energy shortages as demand surges for scalable, cost-effective power solutions.
The agreement highlights a shift in AI investment focus from software and chips to energy infrastructure. Prior industry estimates suggested data centers could require up to 9.3 gigawatts of additional power by 2030, with AI-driven workloads accelerating consumption.
No immediate market reaction was disclosed, but the lease underscores growing competition for reliable, long-term energy contracts in the AI sector.