Bitzero Wins Nasdaq Listing Approval as AI Infrastructure Push Expands

Bitzero Holdings said its common shares have been approved for listing on the Nasdaq Stock Market, giving the blockchain and high-performance computing infrastructure company a U.S. exchange listing as digital infrastructure firms seek broader access to capital markets amid the AI data center boom.

The Vancouver-based company said its shares are expected to begin trading on Nasdaq on June 9 under the ticker AIBZ. Its ticker on the Canadian Securities Exchange will change from BITZ.U to AIBZ.U on the same day, while the company expects its shares to be removed from the OTCQB Venture Market.

Bitzero said it filed a Form 40-F registration statement with the U.S. Securities and Exchange Commission under the multijurisdictional disclosure system, a framework that allows certain Canadian issuers to use Canadian disclosure documents to register securities in the U.S. The registration statement is expected to become effective by 4:30 p.m. New York time on June 8, ahead of the planned Nasdaq debut.

The uplisting comes as public-market investors have increasingly re-rated parts of the bitcoin mining and data center sector around access to power, infrastructure development capacity and potential AI compute demand. Smaller digital infrastructure companies have sought to use that backdrop to improve liquidity, broaden investor access and position themselves as more than bitcoin mining operators.

Bitzero describes itself as a provider of IT energy infrastructure and high-efficiency power for data centers, with a focus on data center development, HPC and hosting partnerships. The company said it operates four data center locations across North America and Scandinavia, powered by clean and low-carbon energy sources.

The company had previously announced in May that it applied to list on Nasdaq under the AIBZ symbol. In a January operational update, Bitzero said it remained on track for an expansion phase expected to deliver about 110 megawatts of energized capacity by the fourth quarter of 2026, with a further phase planned that could increase total energized capacity to about 325 megawatts by the fourth quarter of 2027 if completed as contemplated.

“Nasdaq provides us with access to one of the world’s premier capital markets as we pursue our growth objectives and create long-term value for shareholders,” founder and Chief Executive Officer Mohammed Bakhashwain said in the statement.

Bitzero also announced governance changes tied to the Nasdaq transition. Gilles Seguin stepped down as chair and director, effective immediately. Bakhashwain was appointed chair of the board, while Guido Contesso and Selena Barrera joined as independent directors.

Contesso has more than 30 years of experience in financial markets, asset management, private equity and venture capital, according to the company. Barrera has experience in organizational strategy, governance, quality assurance, auditing and stakeholder engagement.

The company said no action is required from existing shareholders as a result of the Nasdaq listing or the CSE ticker change. Previously issued share certificates remain valid, and the company’s CUSIP and ISIN numbers are unchanged.