Bitzero Holdings Inc.

Bitzero Holdings Inc. announced a private placement with institutional investors to raise approximately US$25 million in gross proceeds. The offering consists of 5,828,342 Special Warrants, priced at US$4.25 each, which will automatically convert into common shares and warrants. The company plans to use the net proceeds for repaying outstanding debt, developing product and service offerings, potential acquisitions, and general corporate purposes.

Bitzero Holdings Inc. announced it has secured a reservation for approximately 33 hectares of industrial land in Finland, expanding its Nordic development portfolio. This land is intended for a new high-performance compute and AI data center, with the initial phase expected to support up to 60MW of capacity. The company plans to use the six-month reservation period to advance engineering and electrical connections, leveraging the site's existing 110kV transmission line fed by renewable energy. Additionally, Bitzero engaged Think Ink Marketing for investor relations and digital marketing services, with a compensation of US$246,500.

Bitzero Holdings Inc. marked its first week of trading on Nasdaq, providing an update on its operational progress and commercial momentum in AI and HPC data center infrastructure. The company highlighted a binding letter agreement with OneQode Networks for a 15-year lease of its 110MW Namsskogan, Norway data center site, valued at approximately US$2.6 billion in total revenue. Construction at the Norway site is advancing, with foundations for new transformers underway, while engineering milestones are progressing at its Kokemäki, Finland campus, which is planned for up to 1,000MW capacity. Bitzero aims to address the power availability bottleneck for AI infrastructure with its strategically located Nordic sites.

Bitzero Holdings Inc. announced several changes to its board of directors, effective June 4, 2026. Gilles Seguin resigned from his director position but will continue to serve as the Corporate Secretary. The company appointed Guido Contesso and Selena Barrera as new directors, and Mohammed Bakhashwain was named the new Chair of the Board of Directors.