OneQode signs 15-year lease for 110MW AI data center capacity at Bitzero's Norway site.

OneQode Networks has signed a binding letter to lease 110MW of capacity at Bitzero Holdings' Norway data center for 15 years to deploy high-performance AI workloads. The phased GPU deployment is set to begin commissioning in early 2027, leveraging Bitzero's renewable energy-powered site known for efficient and sustainable operations. The deal could generate approximately $2.6 billion in revenue for Bitzero over the lease term, supporting enterprise and sovereign AI applications. Final agreement depends on due diligence and regulatory approvals.