Bitzero Holdings Inc. has announced the start of the next phase of its expansion programme at its flagship site in Namsskogan, Norway. This development includes an increase of 70 megawatts (MW) in capacity, bringing the total to approximately 110 MW by September 2026. The entire site will be powered by hydroelectric energy, according to the company’s plans.
Internal grid expansion and new infrastructure
As part of this scale-up, the company plans to deploy an internal grid operating at 132 kilovolts (kV) to enhance operational autonomy. Two high-voltage 60 megavolt-ampere (MVA) substations have been ordered for spring delivery, and site preparation works have already begun. Bitzero has also initiated procurement of critical long-lead equipment to align with its construction timeline.
Performance optimisation and cost reduction
The power increase will enable Bitzero to reach a capacity of around 7 exahashes per second (EH/s), positioning it closer to the industry’s leading listed miners. The upgrade also aims to lower the company’s cost per Bitcoin mined, supported by efficient operations and electricity contracts priced under $0.04 per kilowatt-hour (kWh). Internal projections anticipate a 3 to 4-fold increase in revenue, depending on market conditions, equipment performance and electricity costs.
Growth targets and market positioning
The current site operates 40 MW across 39 containers and serves as a strategic platform in Bitzero’s infrastructure-focused model. President and Chief Executive Officer Mohammed Bakhashwain noted that the rapid progress follows the company’s recent listing on the Canadian Securities Exchange (CSE), strengthening its sector position.
The project reflects a targeted growth strategy aimed at meeting rising demand for high-performance computing. The company promotes a low-volatility model based on physical infrastructure assets, as investor Kevin O’Leary emphasised, stating that “prioritising infrastructure is the smartest way to secure growth and maximise value.”
