TechFlow News, January 2nd, according to Crowdfundinsider, VivoPower International PLC (NASDAQ: VVPR), a global sustainable energy solutions group and a B Corp certified company, is pleased to announce that it has signed an exclusive letter of intent to acquire an operational 40MW+ data center infrastructure in Norway, which utilizes "100% renewable hydropower."
The facility has an operational capacity of over 40MW, with an additional 40MW capacity planned for "potential approval" in 2026. It is expected to serve as a strategic foundational platform for VivoPower's "Power-to-X" strategy under Caret Digital.
VivoPower plans to transform the facility from its current blockchain computing co-hosting business model into a sovereign artificial intelligence hub. This is due to the facility's access to high-density hydropower resources at a cost below $0.035 per kilowatt-hour, its location in the climatically favorable Nordic region, and a secured 50-year land lease agreement.
This transformation will support the training and inference of large language models (LLMs), "serving local and global enterprise clients seeking carbon-neutral computing." The conversion price for the convertible preferred stock is expected to be $6.80 per share, with an annual interest rate of 6% (payable in kind). If the transaction proceeds, its issuance is subject to approval by VivoPower shareholders at a general meeting to be held in January 2026.
