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VivoPower turns EBITDA profitable after $41M Norway data center acquisition

Market News
21 Apr 2026
Proactive Investors
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Bullish
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VivoPower PLC has become EBITDA profitable following its $41 million acquisition of a 41.5 MW data center in Norway powered by renewable hydroelectric energy. The acquired facility is expected to generate about $31 million in annual revenue and $10 million in EBITDA, a significant improvement from VivoPower's previous negative EBITDA of $8.2 million. The company plans to expand the data center's capacity to over 80 MW, targeting high-density computing applications such as AI workloads. This acquisition, fully funded without new equity, marks a strategic shift towards optimizing assets and expanding sustainable energy-backed digital infrastructure.

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