Pranav Hotkar
London, United Kingdom / Oslo, Norway - April 22, 2026 - VivoPower has achieved group-level EBITDA profitability following the completion of its acquisition of a hydro-powered data center facility in Norway, marking a significant milestone in its transition toward AI-focused digital infrastructure.
The company announced it has closed the USD 41 million acquisition of certain subsidiaries of Cowa, which own and operate a 41.5 megawatt (MW) energized data center in the Moi i Rana industrial region. The facility is powered entirely by renewable hydroelectric energy, positioning it as a low-cost and sustainable infrastructure asset.
The transaction is expected to generate approximately USD 31 million in annualized revenue and around USD 10 million in EBITDA on a pro forma basis, based on the site’s existing contracted infrastructure and hosting operations. These contributions are sufficient to shift VivoPower into EBITDA-positive territory immediately after closing, representing a sharp turnaround from its previously loss-making position.
The acquired facility is already operational and fully energized, allowing VivoPower to begin generating income without requiring additional development timelines. The company indicated that the site will serve as a foundation for future AI computing applications, with ongoing discussions underway with potential tenants for high-performance workloads.
The acquisition aligns with VivoPower’s broader strategic pivot toward building and operating data center and “powered land” infrastructure designed for artificial intelligence and high-performance computing. The company has been repositioning its business model to focus on sustainable digital infrastructure, leveraging access to low-cost renewable energy in key global markets.
Executives described the deal as transformational, highlighting both the immediate financial impact and the long-term strategic value of securing an income-generating data center asset. The facility’s access to renewable hydropower and its location in a climate-advantaged Nordic region are expected to support efficient and scalable operations.
The transaction was fully funded without the need for additional public equity issuance, providing VivoPower with financial flexibility as it continues to expand its infrastructure portfolio.
The move reflects a broader industry trend in which companies are acquiring operational data center assets to accelerate entry into the AI infrastructure market. With demand for compute capacity rising rapidly, access to powered, ready-to-use facilities is becoming increasingly valuable.
By completing the Norway acquisition, VivoPower is strengthening its foothold in the European data center market while advancing its strategy to become a provider of sustainable, AI-ready digital infrastructure.
