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SEC filingVivoPower shortlisted AI tenants for its 41.5MW Norway data center after a competitive RFP, targeting a final agreement by June 30, 2026, which could improve on current annual revenues of $31M and EBITDA of $10M.
On May 21, 2026, VivoPower announced the shortlisting of AI operator tenants for its Mo i Rana data center in Norway, following a competitive RFP process. The 41.5MW facility, acquired on April 21, 2026, is powered by 100% renewable hydroelectric energy at a cost below $0.035/kWh, positioning it as one of the most cost-efficient data centers in Europe. The company rejected multiple offers to acquire the asset at a premium, believing that transitioning to dedicated AI digital infrastructure and leasing to AI operators for over 10 years will deliver materially higher value. VivoPower aims to finalize tenant agreements by June 30, 2026, which could further improve the center's economics beyond its current $31 million annual revenue and $10 million EBITDA. Additionally, an expansion of up to 40MW is possible within 18 to 24 months, subject to regulatory approval, which would nearly double capacity and reinforce VivoPower's sovereign AI infrastructure strategy.