VivoPower International PLC (NASDAQ: VVPR), a B Corp-certified global sustainable energy solutions group, is pleased to announce the execution of an exclusive heads of agreement to acquire an energized and operational 40MW+ data center infrastructure facility in Norway powered by “100% renewable hydroelectric energy.” With 40MW+ of operational energized capacity and an additional 40MW earmarked for “potential approval” in 2026, the facility is expected to serve “as a strategic foundation platform for VivoPower’s Power-to-X strategy under the banner of Caret Digital.”
With high-density hydropower access at a “cost below $0.035/kWh, a climate-advantaged Nordic location, and a 50-year land lease in place, VivoPower’s intention is to repurpose the facility from its current blockchain compute co-hosting business model into a Sovereign AI Hub.”
This transition will support Large Language Model (LLM) training and inference “for local and global enterprise clients seeking carbon-neutral compute.”
The convertible preference shares are expected to “have a conversion price of $6.80 and PIK coupon of 6% per annum and should the transaction proceed, will be issued conditional upon VivoPower shareholder approval at a general meeting to be held in January 2026.”
This transaction is expected to “close in January 2026.”
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a footprint spanning “the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia.”
A global sustainable energy solutions B Corporation, VivoPower “has three business units, Tembo, Caret Digital and Vivo Federation.”
Tembo is focused on electric solutions for “off-road and on-road customized and ruggedized fleet applications, as well as ancillary financing, charging, battery, and microgrid solutions.”
Caret Digital is a power-to-x business focused “on the highest and best use cases for renewable power, including digital asset mining.”
Vivo Federation is the digital asset arm of VivoPower “focused on XRPL based real world blockchain applications and maintaining exposure to Ripple Labs shares and XRP tokens.”
Across Tembo, Caret Digital and Vivo Federation, VivoPower has assembled a differentiated platform spanning “power, mobility, compute and digital infrastructure, which the company is now aligning behind its Power-to-X opportunity: Sovereign AI computing.”