Bitzero Holdings Signs 15-Year Norway Data-Center Lease While Indiana Project Faces Rejection

Bitzero Holdings Inc. signed a binding letter in May 2026 for a 15-year lease of the entire 110 megawatts at its Namsskogan, Norway data center site with OneQode. OilPrice.com reported that the deal carries approximately $2.6 billion in total contracted revenue.

The agreement shifts Bitzero from Bitcoin mining operations to a contracted AI infrastructure provider with long-term recurring revenue. The company trades at a market capitalization of roughly $130 million. A separate $12 billion data center proposal in St.

Joseph County, Indiana, was rejected by the Local Area Plan Commission in a 7-0 vote in September 2025. The project would have displaced 16 single-family homes and two family farms. OilPrice.com reported that a single ChatGPT query consumes 10 times the energy of a Google search.

Goldman Sachs Research stated global data center power use is on track to rise about 50 percent by 2027 and up to 165 percent by the end of the decade compared with 2023 levels.