Highlights

  • Bitzero Holdings (NASDAQ:AIBZ) a Vancouver-based developer of power-intensive data centres for high-performance computing and artificial intelligence, has had no.
  • Those are third-party summaries; the analyst note itself was not reviewed.
  • It put total revenue over the term at about US$2.6 billion, excluding annual escalations and power costs, and net.
  • The same document said two new 60-megawatt transformers were scheduled for delivery to the Norwegian site in September, and.

Bitzero Holdings (NASDAQ:AIBZ) a Vancouver-based developer of power-intensive data centres for high-performance computing and artificial intelligence, has had no company announcement of note in the past fortnight that this review could find. Its latest dated items are an investor-relations engagement announced on 2 October 2026 and, according to StockAnalysis, an initiation of coverage by Clear Street with a Buy rating and a US$11 price target in early October. Those are third-party summaries; the analyst note itself was not reviewed. The most substantive primary document found is its 15 June 2026 update, issued after its first week of trading on Nasdaq.

What the June update said

In that filing, Bitzero described a 15-year binding letter agreement with OneQode Networks for the full 110-megawatt Namsskogan campus in Norway. It put total revenue over the term at about US$2.6 billion, excluding annual escalations and power costs, and net operating income at about US$151 million a year at full capacity, based on an expected site margin of around 85%. Crucially, the company stated that a definitive lease had not been executed. A letter agreement is not a completed lease, and these figures are company estimates rather than reported results.

Capacity pipeline

The same document said two new 60-megawatt transformers were scheduled for delivery to the Norwegian site in September, and described pre-design work in Kokemäki, Finland, for up to 520 megawatts, with an initial phase of up to 80 megawatts targeted for service delivery in 2027. Longer-term planned capacity there was given as 600 to 1,000 megawatts. Whether the transformers arrived on schedule was not confirmed in the sources reviewed.

A January operational update, reported by The Energy Magazine, said an expansion phase should bring about 110 megawatts of energised capacity by the fourth quarter of 2026, with a further phase potentially raising the total to about 325 megawatts by the fourth quarter of 2027 if completed as planned. These are company targets, not delivered capacity.

Board changes accompanied the listing: founder and chief executive Mohammed Bakhashwain became chair, and two independent directors joined.

Financial context

StockAnalysis reports revenue of US$24.9 million for 2025, up 10.1% from US$22.6 million, with a loss of US$16.6 million. Trailing twelve-month revenue is shown as US$30.9 million, with a net loss of US$41.3 million, or US$0.84 per share; the page does not reconcile these periods, so the figures should be checked against the filings. Because aggregator figures differ in period and basis, comparisons between them are indicative only. The company refiled its annual and interim financial statements on 9 September 2026, which readers should consider when comparing figures. It also reported full repayment of a debt facility and closed a US$25 million private placement on 30 July. Market capitalisation was shown at about US$158 million.

Share price

Bitzero closed at US$2.69 on Wednesday 14 October 2026, down 13.92% on volume of about 634,000 shares, after US$3.13 on 13 October and US$3.28 on 12 October. The cited pages do not explain the fall. A pre-market quote of US$2.42 was shown on 15 October, and a later snapshot showed US$2.735, up 1.67%, but that figure was not confirmed as a close. The 52-week range is US$1.94 to US$10.25. The Nasdaq Composite is used only as a benchmark, as no index membership has been verified.

What to watch

StockAnalysis estimates the next earnings date at 18 November 2026, a data-provider estimate not a company notice. Matters worth tracking include whether the OneQode letter agreement becomes a definitive lease, delivery and energisation of Norwegian capacity, progress on the Finnish project, the effect of the September refiling on reported numbers, and whether further equity is raised. Prices swing sharply; past moves should not be read as indicating direction.