Bitzero Adds Finland Land Reservation to Nordic AI Data Center Pipeline

Bitzero Holdings has secured a six-month reservation for about 33 hectares of industrial land in Finland, adding another early-stage site to the company’s Nordic development pipeline as it seeks to build infrastructure for artificial intelligence and high-performance computing customers.

The Vancouver-based company said Tuesday that the initial phase of the proposed Finland site could support up to 60 megawatts of capacity, based on current planning assumptions. The land reservation was entered into with a local municipality, giving Bitzero time to advance engineering work, assess electrical connections and identify long-lead infrastructure items before any final acquisition or lease agreement is reached.

The site has a 110-kilovolt transmission line running through the property, which Bitzero described as an important feature as it evaluates scalable power access. The company said its investigation indicates that the transmission line serving the area is fed by renewable and green energy sources, aligning with its strategy of expanding data center infrastructure with a low-carbon footprint.

“Securing this reservation in Finland is another practical step in the continued expansion of our power pipeline,” founder and Chief Executive Officer Mohammed Bakhashwain said in the statement. He described the agreement as an “early-stage milestone” and said the company plans to use the reservation period to advance engineering, power and development planning.

The update comes two weeks after Bitzero began trading on Nasdaq under the ticker AIBZ, part of a broader capital-markets push as the company repositions around AI and HPC infrastructure. Bitzero has been highlighting a Nordic development strategy built around access to large power sites and lower-carbon energy, a theme that has become increasingly important as AI data center developers compete for grid capacity.

Last week, Bitzero said its planned data center capacity across Nordic markets exceeded 1 gigawatt. That portfolio includes its Namsskogan, Norway campus, where the company has disclosed a binding letter with OneQode for a 110 MW, 15-year lease, as well as engineering work tied to its larger Finland campus.

The new Finland reservation does not yet represent a committed buildout. Bitzero said terms of any definitive acquisition or lease agreement for the site would be disclosed later, if finalized. Still, the reservation adds to the company’s inventory of potential power-backed sites at a time when AI infrastructure developers are increasingly trying to lock down land and grid access years ahead of demand.