Bitzero Enters Land Reservation Agreement for New Finland Site
Bitzero (AIBZ-U.CN, AIBZ) on Tuesday said it secured a reservation of about 33 hectares of industrial land in Finland under a reservation agreement entered into with a local municipality in the country.The AI-infrastructure company expects the initial phase of the site to support up to 60-megawatt of capacity.The land has been reserved for six months, during which the company expects to advance engineering work, electrical connections, and identify long-lead infrastructure items required to support future site development."While this is an early-stage milestone, it reflects our disciplined approach to land development and our broader vision of building Bitzero into a leading infrastructure and power platform for HPC and data center customers over the coming years," chief executive Mohammed Bakhashwain said in a release.Shares of the company were last seen up C$0.16, or 1.8%, to C$9.12 on the Canadian Securities Exchange.Price: $9.15, Change: $+0.19, Percent Change: +2.12%
