0001493152-26-019403
SEC filingVivoPower completed the $41 million acquisition of a 41.5MW Norway data center, immediately shifting to pro forma EBITDA profitability with $31 million annualized revenue and $10 million EBITDA.
VivoPower has completed a transformational acquisition of a 41.5MW data center in Norway for $41 million, funded without additional public equity raising. The transaction immediately shifts the company to pro forma EBITDA profitability, contributing $31 million in annualized revenue and $10 million in annualized EBITDA against a pre-acquisition EBITDA loss of $8.2 million. Management highlighted the disciplined 4x EBITDA acquisition multiple. The facility is strategically positioned for AI compute applications due to its 100% renewable hydroelectric power supply at costs below $0.035/kWh and its cold-climate Nordic location. An additional 40MW expansion is subject to regulatory approval, which would double total capacity to over 80MW. The company is actively discussing AI computing use cases with potential tenants. Separately, the company noted that the proposed Tembo business combination, if completed, would remove approximately $8 million in allocated overheads from VivoPower's consolidated results.